WASHINGTON, DC -- NAB issued a statement today correcting a distorted claim from the record labels suggesting that an optimistic speech made by NAB President and CEO David Rehr was at odds with NAB's assessment of the economic challenges facing radio stations.
Responding to the record label claim, NAB Executive Vice President Dennis Wharton issued the following statement.
"RIAA still doesn't get it. America's local radio stations are indeed facing the worst advertising recession since the Great Depression, a financial reality that would be exponentially worsened by a performance tax. But instead of suing grandmothers and college kids or looking to another industry for a brazen money-grab, we're embracing technology, adapting our business model, and looking to the future."
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. As the voice of more than 8,300 radio and television stations, NAB advances their interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.