Comment by patmcc
Comment by patmcc 13 hours ago
What if Congress passed a law that said "The New York Times must shut down unless all foreign owners divest"? That's effectively impossible for a publicly traded corporation. Is that just a ban, in practice?
That's what the question of strict scrutiny vs. intermediate scrutiny vs. rational basis is about. The courts would have to decide the appropriate level of scrutiny given the legal context and then apply that to the law as written.
Your hypothetical clearly implicates the Times' speech, so intermediate scrutiny at least would be applied, requiring that the law serve an important governmental purpose. I think that would be a difficult argument for the government to make, especially if the law was selective about which kinds of media institutions could and could not have any foreign ownership in general. The TikTok law is much more specific.