Foreign ownership. As mentioned above, ASCAP’s allegations regarding Pandora’s foreign
ownership were recently and comprehensively addressed in the Declaratory Ruling. Therefore, we do not
revisit them here. However, we incorporate the Declaratory Ruling by reference and observe that, under
the terms of the Declaratory Ruling, Pandora must divest the Station if it cannot maintain compliance
with the foreign ownership threshold and other conditions contained therein, including those incorporated
by the Revised Compliance Plan.