FOR IMMEDIATE RELEASE
June 5, 2012
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Dennis Wharton
202-429-5350
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NAB Statement on Agreement Between Clear Channel and Big Machine Label Group

WASHINGTON, D.C. -- In response to published reports of a private agreement between Clear Channel and Big Machine Label Group, the following statement may be attributed to NAB Executive Vice President of Communications Dennis Wharton:

"NAB remains steadfastly opposed to a government-mandated performance tax on local radio stations. Beyond our respect for private contracts, we take no position on free-market agreements negotiated between broadcast companies and other businesses."

About NAB
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.

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