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FOR IMMEDIATE RELEASE
September 29, 2016
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Dennis Wharton
202-429-5350
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NAB Statement on FCC Foreign Ownership Rules

WASHINGTON, D.C.-- In response to an FCC order modifying the Commissionís rules and policies governing broadcast foreign ownership, the following statement can be attributed to NAB Executive Vice President of Communications Dennis Wharton:

"The FCC has taken an important step in allowing broadcasters to more freely and fairly compete for investment dollars. This order extends to broadcasters the same application and approval process that has been open to our competitors for years, and establishes more streamlined ways for radio and TV stations to comply with foreign ownership limits. NAB applauds the Commissionís decision and looks forward to greater investment in local sources of news and programming."

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.