FCC grants declaratory ruling allowing Global Media's iHeartMedia stake up to 14.99%

iHeartMedia, Inc.

FCC issued GMEI Declaratory Ruling on 12/22/2021 approving >5% stake (currently 8.7%) up to 14.99% without prior approval.
Prior FCC Required Actions (voting suspension, dividend escrow, board restrictions) lifted immediately.
GMEI Investors disclosed 9,631,329 shares (~8.7%) in Feb 2021; ruling resolves foreign ownership violation.
Ruling restates prior 2020 decision allowing up to 100% foreign ownership of iHeartMedia's voting stock.

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