The FCC has a Notice of Proposed Rulemaking on the table to simplify the broadcast foreign ownership approval process, and the NAB has submitted its comments in favor of doing so. In the 39 page document, the NAB writes, "There is no legal or policy basis for broadcasters to be subject to disparate regulations that impede their ability to attract foreign investment." The NAB says modernizing the foreign ownership rules will enhance the ability of broadcasters to attract investment capital and compete in the marketplace, while encouraging diversity of ownership and greater innovation.
