WASHINGTON, D.C. -- In response to Acting FCC Chairwoman Mignon Clyburn circulating a proposal that would make it easier for broadcasters to attract foreign investors, the following statement can be attributed to NAB President and CEO Gordon Smith:
"NAB applauds Acting FCC Chairwoman Clyburn for proposing that the Commission should consider foreign investment in U.S. broadcast properties the same way it considers such investments in other telecommunications properties. This is fundamentally fair and will serve the public interest. Permitting new potential sources of capital for American radio and TV stations will strengthen our ability to continue providing compelling news, entertainment and sports programming and to remain competitive in a multichannel digital world."
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.