Foreign ownership in audiovisual media services corporations is limited to 49%. EEA citizens and EEA citizens-owned corporations are exempted from such foreign shareholding limitation.
"Licenses for Terrestrial Television and Satellite Television
§ 4. 
(1) Applications for being granted a license for providing terrestrial television services (including mobile terrestrial television) or satellite television services shall be filed with the regulatory authority. In addition, the retransmission of other television channels (§ 9 (1)) provided in accordance with this Federal Act via multiplex platforms for terrestrial broadcasting or satellite shall require a license.
(2) The applicant shall prove compliance with the requirements according to § 10 and § 11.
[...]
Part 4 - Licensing Requirements
Media Service Providers
§ 10. 
(1) Media service providers or their members must be Austrian citizens or legal persons or partnerships under business law having their domicile in Austria.
[...]
(4) In the event that the media service provider is organized under the legal structure of a corporation, a partnership or a cooperative, a maximum of 49 per cent of the shares may be held by foreigners or held by legal persons or partnerships that are under the uniform leadership of a foreigner or an undertaking which has its domicile abroad, or where foreigners or legal persons or partnerships having their domicile abroad have possibilities to take influence as it is regulated in § 244 (2), in connection with paragraphs 4 and 5 of the Business Code.
(5) Nationals of the Contracting Parties to the Agreement on the European Economic Area shall have equal status as Austrian citizens, and legal persons and partnerships having their domicile on the territory of one of the Contracting Parties to the Agreement on the European Economic Area shall have equal status as those domiciled in Austria.[...]" (Audiovisual Media Services Act (BGBl. I Nr. 84/2001), last amended by BGBl. I Nr. 150/2020, §§ 4 and 10 [unofficial translation])
Audiovisual Media Services Act (BGBl. I Nr. 84/2001), last amended by BGBl. I Nr. 150/2020, §§ 4 and 10
[<a href="https://www.ris.bka.gv.at/GeltendeFassung.wxe?Abfrage=Bundesnormen&Gesetzesnummer=20001412">Act</a>],[<a href="https://www.ris.bka.gv.at/Dokumente/Erv/ERV_2001_1_84/ERV_2001_1_84.pdf">Translation</a>]