initially, fts was a semi-autonomous unit in which news corporation owned over 99% of the equity but only 24% of the voting power; the balance was held personally by murdoch. federal communications commission regulations of that era prohibited foreign interests or non-american citizens from controlling more than 25 per cent of an fcc-licensed broadcast station. though news corporation was still based in australia, murdoch had become a naturalized u.s. citizen in 1985, and the nominal transfer of a majority voting interest to murdoch was sufficient to get around this hurdle. the quirk was removed permanently when news corporation reincorporated in the u.s. in 2004. the fox broadcasting company itself and affiliated cable channels were not affected by these regulations.