musicFIRST vs. NAB: Round Whatever
April 23, 2009 at 12:33 PM (PT)
The war of words continues TODAY between THE MUSIC FIRST COALITION and THE NAB, this time over a speech by NAB Pres./CEO DAVID REHR at the NAB SHOW in LAS VEGAS.
First, THE MUSIC FIRST COALITION released this:
"The NAB was caught again this week speaking out of both sides of its collective mouth about the economic health and prospects of terrestrial radio. On TUESDAY (APRIL 21st) NAB invoked the 'Great Depression' to size up radio’s advertising prospects. On MONDAY APRIL (20th) NAB’s CEO said '...every industry in America faces tough economic times, but I have to tell you, right here, right now, not many of them are as well-positioned to succeed as we are.'
"Hey, NAB, wassup?
"Before an audience of broadcasters at the annual NAB show in Las Vegas on Monday, NAB President and CEO DAVID REHR delivered a glowing and breathless keynote address highlighting the vitality and healthy economic future of radio (click here to read the speech).
"Fast forward one day to WASHINGTON, D.C. Either the economic storm clouds suddenly darkened or NAB realized they needed a more convenient message for policymakers considering the Performance Rights Act, one that was full of economic peril. An NAB spokesperson declared that that radio stations were 'facing the worst advertising depression since the Great Depression' (read it for yourself here).
"In comparison MUSICFIRST’s message to policymakers and NAB is clear and consistent. Radio is rocking and poised for any even better future. Music is the key to radio’s future. Without it, music radio is just static. Let’s work together to create a fair performance right on radio, one that is fair to artists, musicians and labels, one that is fair to other radio platforms and one that is fair to radio."
The NAB issued a statement TODAY "correcting a distorted claim" from the record labels suggesting that an optimistic speech made by NAB Pres./CEO DAVID REHR was at odds with NAB's assessment of the economic challenges facing radio stations.
Responding to the record label claim, NAB EVP DENNIS WHARTON issued the following statement:
"RIAA still doesn't get it. America's local radio stations are indeed facing the worst advertising recession since the Great Depression, a financial reality that would be exponentially worsened by a performance tax. But instead of suing grandmothers and college kids or looking to another industry for a brazen money-grab, we're embracing technology, adapting our business model, and looking to the future."