In response to the Federal Communications Commission's (FCC) approval of Audacy’s reorganization, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:
"NAB is pleased to learn that the Federal Communications Commission has approved Audacy’s reorganization. While we do not take a position on the merits of this or any particular broadcast transaction, it is essential that the FCC’s regulatory processes are fair and predictable so that broadcasters can innovate and invest in their stations to the benefit of communities across the country.
"Make no mistake, broadcasters and our current and potential investors continue to watch the Commission closely. To ensure a vibrant future, we need a transparent, fair and predictable regulatory process for broadcast license transfers and renewals – devoid of politics – that allows local radio and television stations a fair chance to compete for the investment capital that is necessary to continue serving the public. Without it, the vital services local stations provide for free to all is in jeopardy."
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television 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.