WASHINGTON, D.C. -- In response to the FCC approving today a Declaratory Ruling 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 the FCC for providing flexibility in Commission rules allowing increased foreign investment in broadcast TV and radio stations. We are especially pleased the FCC recognized that local broadcasters routinely provide ‘local news, Amber Alerts and public safety information’ to serve our communities. Today’s vote provides broadcasters greater access to capital that will allow local stations to continue our indispensable role as the primary purveyor of news, entertainment and lifeline information to the American people."
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.