Ch 51 - Updated PDR

OTHER submitted by Channel 51 License Co LLC

Update

2018-10-31

This document pretains to ISP-PDR-20160209-00002 for Petition for Declaratory Ruling on a International Special Project filing.

IBFS_ISPPDR2016020900002_1565596

                                                                                                                     Hogan Lovells US LLP
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                                                                                                                     555 Thirteenth Street, NW
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                                                                                                                     www.hoganlovells.com




Ms. Marlene H. Dortch
Secretary
Federal Communications Commission
445 12th Street, S.W.
Room TW-A325
Washington, D.C. 20554

October 31, 2018

Re:           Update to Section 310(b) Petition for Declaratory Ruling, File No. ISP-PDR
              20160209-00002

Dear Ms. Dortch:

Channel 51 License Co LLC (“Channel 51 License Co”) is updating its Petition for Declaratory
Ruling to exceed the foreign ownership limits in Section 310(b) of the Communications Act to
report minor changes to investors’ equity interests in Channel 51, LLC (“Channel 51”). These
changes stemmed from the Managing Member of Channel 51, Paul Chisholm, increasing his
equity interest from 0.52% to 0.62% in response to questions from FCC staff and to demonstrate
“sufficient financial stake in Channel 51.”1 As a result of the changes, Channel 51’s total direct
foreign ownership decreased from 58.22% to 58.17%, and Channel 51’s total foreign ownership
decreased from 65.82% to 65.77%

Kindly contact me with any questions regarding this submission.

Respectfully submitted,

/s/ Trey Hanbury

Trey Hanbury
Partner, Hogan Lovells US LLP
trey.hanbury@hoganlovells.com
202-637-5534



1
    See Channel 51 License Co LLC, Long-Form Application, FCC Form 601, ULS File No. 0007753604.


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Document Created: 2018-10-31 13:15:08
Document Modified: 2018-10-31 13:15:08

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