July 10, 1997
Dear Mr. Lewis
Thankyou for your calls regarding foreign-owned media. I appreciate having the opportunity to address your concerns.
As Juliane Carter of my staff discussed with you, the Congressional Research Service is currently gathering research on this topic for me. I look forward to seeing what information they provide on the number of broadcast and print journalism organizations that are owned or operated by international companies.
You may be interested to konw that legislation addressing this issue has been introduced. The International Telecommunications Investment Clarification Act, H.R. 954, sponsored by Congressman Michael Oxley (R-OH), would clarify the authority of the Federal Communications Commission to authorize foreign investment in U.S. broadcast and radio licenses. Specifically, it would prohibit any broadcast radio station license from being granted to or held by any corporation in which more than one-fifth of the capital stock is owned or voted by aliens or by a foreign corporation.
This bill is currently under consideration by the Commerce Committee, which has jurisdiction over telecommunications issues. I look forward to seeing what recommendations are made by this committee following the hearing process.
Again, thank you for contacting me. I hope you will continue to keep me informed on any matter that interests you.
Ann M. Northup
Member of Congress