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FOR IMMEDIATE RELEASE
December 7, 2016
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Dennis Wharton
202-429-5350
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NAB Statement on Introduction of Media Ownership Legislation

WASHINGTON, D.C. -- In response to today's introduction of legislation to eliminate a ban restricting ownership of a broadcast radio or television station and a newspaper in the same market, the following statement can be attributed to NAB President and CEO Gordon Smith:

“NAB applauds Chairman Walden, Rep. Yarmuth and their bipartisan cosponsors for introducing a bill to eliminate the broadcast-newspaper cross-ownership rule. This legislation is an important step towards aligning outdated broadcast ownership rules with Americans’ 21st century information needs. For too long, radio and television broadcasters have been saddled with archaic regulations preventing them from investing in newspaper ownership. Striking this cross-ownership ban would save journalism jobs, create more investigative reporting and provide communities with greater local news.”

About NAB
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.