National Association Of Media Brokers Reiterates Criticism Of FCC Cross-Ownership Rule Retention
November 16, 2016 at 6:02 AM (PT)
The NATIONAL ASSOCIATION OF MEDIA BROKERS is weighing in on the FCC's ownership rules review controversy once again, issuing a release in the wake of the NAB and NEWS MEDIA ALLIANCE court challenges to the Commission's retention of cross-ownership rules.
“In multiple FCC filings over the last four years,” said NAMB President GLENN SERAFIN, “our association has advocated an end to the prohibition on newspaper-broadcast cross-ownership, as well as the removal or relaxation of the 25% cap on foreign investment in terrestrial radio and television stations. We support the NAB and the newspaper industry in their efforts to eliminate those FCC restrictions which are antiquated and which strangle the marketplace.
“As a young reporter myself, I worked for a newspaper and its owned and operated radio station in ASBURY PARK, NEW JERSEY. The radio news desk and studio were inside the newspaper newsroom. We shared everything. Our blanket coverage of the communities we served was superb and unmatched thanks to the combined resources.”
“To agree with the FCC’s decision about cross-ownership, you would have to believe there is not enough media in the marketplace,” said NAMB VP EDDIE ESSERMAN. “I don’t know anyone who believes that.”