WASHINGTON, D.C. -- In response to the White House and Congressional leaders agreeing to compromise debt ceiling legislation, NAB President and CEO Gordon Smith issued the following statement:
"We are pleased that the negotiated debt ceiling bill, to be considered by Congress, does not threaten free and local broadcasting. NAB will continue working with lawmakers on incentive auction legislation that is truly voluntary. Our goal is to ensure that TV stations choosing not to go out of business will be held harmless, and that tens of millions of Americans who enjoy local news, entertainment, sports and lifesaving weather warnings from broadcasters will not be penalized."
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.