11-15-13
In response to the FCC approving a Declaratory Ruling that would make it easier for broadcasters to attract foreign investors, NAB President and CEO Gordon Smith said, "NAB applauds the FCC for providing flexibility in Commission rules allowing increased foreign investment in broadcast TV and radio stations. We are especially pleased the FCC recognized that local broadcasters routinely provide ?local news, Amber Alerts and public safety information? to serve our communities. The vote provides broadcasters greater access to capital that will allow local stations to continue our indispensable role as the primary purveyor of news, entertainment and lifeline information to the American people."
