FCC Seeks Comment on Connoisseur Ownership

RADIO ONLINE | Tuesday, May 12, 2026 | 4:52pm CT

Federal Communcations Commission (FCC)

The FCC has issued a Public Notice seeking comment on a petition filed by Connoisseur Media Holdco, Inc. requesting approval for increased foreign ownership. In the notice, released May 8, 2026, the FCC established a pleading cycle for the proposal, with comments due June 8 and replies due June 23.

Connoisseur Media is asking the Commission to allow up to 100% aggregate indirect foreign ownership of the company, exceeding the 25% benchmark set under Section 310(b)(4) of the Communications Act. The company also seeks specific approval for certain foreign investors, including entities based in the Cayman Islands and an individual from the United Kingdom.

The broadcaster currently reports approximately 20.37% indirect foreign equity ownership and no foreign voting interest but anticipates transactions that could raise foreign ownership levels above the statutory threshold.

According to the filing, potential increases could result from changes in existing investor holdings and warrants tied to Connoisseur's prior acquisition of Alpha Media. Depending on how those transactions unfold, foreign ownership could rise to between roughly 30% and 34% of equity.

Connoisseur said the additional investment would provide greater access to capital and support investments in local programming and digital capabilities, while maintaining U.S. control of the company and its broadcast licenses.

The FCC noted the petition has been accepted for filing and will be reviewed under "permit-but-disclose" ex parte procedures. The agency also indicated it does not plan to refer the matter to executive branch agencies for further review, following input from the Department of Justice.

Connoisseur Media, through its subsidiaries, owns more than 175 radio stations across the United States.