WASHINGTON, D.C. -- In response to today's approval by the Federal Communications Commission of a Notice of Proposed Rulemaking that would streamline the foreign ownership review process for broadcast licensees and applicants, the following statement can be attributed to NAB Executive Vice President of Communications Dennis Wharton:
"NAB applauds the FCC for opening a rulemaking exploring opportunities for easing foreign investment in local radio and TV stations. We share the Commissioners' belief that relaxing these ownership regulations will spur new investment in broadcasting leading to job creation, increased production of locally oriented programming, and greater public service to communities."
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.