WASHINGTON, DC -- NAB announced today it will urge the Federal Communications Commission to modernize outdated radio ownership rules as part of its quadrennial media ownership review proceeding planned for later this year.
NAB's request comes at a time of unprecedented consolidation among radio's competitors in the media world. NAB noted that radio ownership rules have remained static since 1996, a date that preceded the introduction of streaming services like Pandora and Spotify, along with Sirius/XM satellite radio, podcasting, Facebook and YouTube.
NAB's Radio Board met in Washington this week, with the ownership rules a topic of discussion. Anticipating the FCC quadrennial review later this year, the Board voted in favor of seeking regulatory relief that will allow radio to remain competitive while continuing its commitment to localism.
As part of the FCC's quadrennial media ownership review, NAB will be filing comments along with supporting evidence that justifies radio ownership modernization.
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.