Only 10% Foreign Ownership of US Media Companies

Homeland Security
,
1

Make it federally illegal for foreign entities to own more than 10% of US media, be it radio stations, news media, or broadcast channels that share news media. Currently, George Soros is actively trying to buy Odyssey Media, a company which has over 200,000 radio networks in our country, and he would own 25%, but he has challenged the court during the last days of the Biden administration to make it so he can own more sway over Odyssey Media. This should not be allowed to happen. A foreign entity should not have the legal right to own and, thereby, influence news programs or media programs intended to be disseminated to the American public. No foreign entity should be able to own more than 10% and should not have the ability to petition our courts to change that law or challenge that stipulation. (The law, as it stands currently, allows for 25% foreign ownership of US medal companies.)