It's 'The Future Of Audio' On Capitol Hill Tomorrow
June 5, 2012 at 3:50 AM (PT)
The HOUSE COMMUNICATIONS SUBCOMMITTEE is set to hold a hearing TOMORROW (5/6) on the future of audio -- with a focus on radio. MULTICHANNEL.COM reports, "according to the Republican majority staff memo for the hearing, among the regulatory issues that 'may arise' are the newspaper/broadcast cross-ownership rule, which the FEDERAL COMMUNICATIONS COMMISSION under Democratic chairman JULIUS GENACHOWSKI has proposed loosening, as did the commission under his Republican predecessor. That rule prohibits the co-ownership of radio/TV stations with newspapers, excepted in cases of grandfathered combos or ones granted waivers."
"Opponents of the ban are once again urging the Commission to eliminate it in light of increased competition and because newspapers are struggling in the current marketplace," the Republican staffers said in the memo.
FM chips in smartphones and performance royalties will also likely be subjects discussed. Look for PANDORA Founder/Chief Strategy Officer TIM WESTERGREN to testify about the rates webcasters are assessed vs. traditional broadcasters.
COMMONWEALTH BROADCASTING Pres./CEO and NAB Joint Board Chairman STEVE NEWBERRY will likely point to the regulations radio must deal with, that webcasters -- despite a harsher royalty deal -- don't.
MULTICHANNEL.COM also notes "the hearing may also deal with the radio-TV cross-ownership rules, which limit how many TV and radio stations one owner can have in a market."
Find the agenda here.