The Federal Communications Commission has approved a measure that relaxes foreign ownership rules to enable Grupo Televisa of Mexico to claim a larger stake of the U.S. Spanish-language broadcasting giant Univision Communications.
The move comes just days before President-elect Donald Trump takes office.
Univision’s chairman, Haim Saban, has been lobbying the FCC for the waiver for more than three years. The measure, which was approved by the FCC’s Media Bureau late Tuesday, will enable Univision’s private equity owners to sell some of their shares in Univision to Televisa.
"We find that the public interest would not be served by refusing to...