*Pages 1--1 from Microsoft Word - 43984.doc* NEWS Federal Communications Commission 445 12 th Street, S. W. Washington, D. C. 20554 This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action. See MCI v. FCC. 515 F 2d 385 (D. C. Circ 1974). News Media Information 202 / 418- 0500 Internet: http:// www. fcc. gov TTY: 1- 888- 835- 5322 FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT: November 17, 2004 Jacki Ponti (202) 418- 0436 INTERNATIONAL BUREAU RELEASES FOREIGN OWNERSHIP GUIDELINES Washington, D. C. – Today, the International Bureau released the “Foreign Ownership Guidelines for the FCC Common Carrier and Aeronautical Radio Licenses.” They are intended to assist the public and applicants in understanding and complying with the Commission’s interpretation of Section 310, its rules, and foreign ownership policies as set forth in precedent. The guidelines explain how the Commission analyzes foreign ownership issues related to foreign investment in radio licensees, applications for initial radio licenses, and spectrum leasing in the secondary market for radio licenses under Section 310 of the Communications Act of 1934, as amended. The guidelines are available on the Commission’s website at www. fcc. gov/ ib. For additional information, please contact Susan O’Connell, Francis Gutierrez, or James Ball of the Policy Division, International Bureau (202- 418- 1460). -FCC- 1