In a decision that may quietly redraw the boundaries of American media sovereignty, the Federal Communications Commission has approved a 49.5 percent equity stake for Gulf state investors — from Saudi Arabia, the UAE, and Qatar — in the newly merged Paramount-Warner Bros entity. The arrangement sits just beneath the regulatory threshold that would demand deeper scrutiny, a structural choice that reveals as much about the limits of existing rules as it does about the ambitions of foreign capital. Senator Bernie Sanders has called the decision outrageous, and in the longer arc of democratic medi