Peter Smyth Weighs In On Performance Tax
February 2, 2009 at 5:31 AM (PT)
GREATER MEDIA Chairman/CEO PETER SMYTH is "asking for your help" in this month's "From The Corner Office" posted on the corporate website. Writes SMYTH:
"It seems these days that WASHINGTON, D.C. is where the action is, where the decisions are being made that will hopefully snap us out of this economic storm that has been raging for months now. It’s a story that gets played out nightly on your news channel of choice.
"There is another battle that will be played out in WASHINGTON in the coming weeks and months, although it may not receive the front page treatment. But for you and for me, it is a battle that is as important as any other we are facing today.
"The Performance Tax has once again reared its ugly head and the RIAA and its allies are preparing to introduce legislation in Congress that could, realistically, cost the radio industry between $400 million and $7 billion per year."
Read SMYTH's full column here.