House Drafts Legislation to Expand PPP to Local Media Outlets

U.S. Congress
U.S. Congress

The U.S. House of Representatives has drafted legislation to expand eligibility for SBA loan access to struggling local radio stations. The expansion of PPP for local media would provide broadcasters, as well as newspapers, the same treatment as hotels and restaurants received under the original CARES Act PPP. It would require a local station to fit within the SBA size standard for the broadcasting industry, or under $41.5 million in revenue annually, and ensure that expanded PPP funds would remain at the local level through additional oversight.

NAB President and CEO Gordon Smith said in a statement, "NAB thanks Speaker Pelosi and Chairwoman Velázquez for their inclusion of expanded access to Payroll Protection Program loans for local radio and television stations in today's draft Coronavirus economic relief legislation. NAB is particularly grateful to Reps. Cicilline and Sensenbrenner for their leadership in garnering the bipartisan support of 124 of their colleagues for these important provisions to be included in the bill, and Senators Cantwell, Schumer, Klobuchar, Boozman and Kennedy for their strong support in the Senate for these provisions.

"Hometown broadcasters and community newspapers are providing vital news and information during these unprecedented times to keep families and communities safe, while struggling with record advertising revenue losses. Broadcasters look forward to working with all Members of Congress to ensure that such legislative language is swiftly enacted."

On a bipartisan basis, Members of Congress have previously signaled their support for supporting local media outlets during the COVID-19 pandemic through expanded eligibility for small business loans or federal advertising investment.


Latest Radio Stories

Salem Journalist Amy Jacobson Sues Illinois Governor
Amy Jacobson
Amy Jacobson
Salem Media Group, Inc. and veteran Chicago journalist Amy Jacobson have filed a federal lawsuit against Illinois Gov. J.B. Pritzker after he announced Jacobson is no longer allowed at his media briefings. The lawsuit, Salem Media of Illinois, LLC More

Radio.com Partners with SoundHound for Voice-Enabled Access
Entercom has announced a new partnership with SoundHound Inc., to make Radio.com accessible via Houndify, SoundHound's independent voice AI platform. As part of the partnership, Radio.com will be included as a content domain within Houndify, and More

Radio One Launches "We Are One: Feeding the Community"
Radio One has announced the launch of its "We Are One: Feeding the Community Campaign." It is partnering with the music community to feed hundreds of families as many are feeling the significant financial strain as a result of these tough economic More

WTOP Debuts New Sonic Identity
WTOP News/Washington DC has officially rolled out a new sonic identity. Beginning today, June 1, 2020, listeners will notice a bold new imaging package integrated with WTOP's news reports, traffic, weather and more. Anchored by a vibrant and More

iHeartMedia Celebrates Black Music Month
iHeartMedia plans to celebrate Black Music Month with exclusive audio vignettes from some of today's top Urban artists. The celebration will honor the incredible achievements of Black musicians and their influential contribution to the world of More

Digital Alert Systems Introduces Version 4 Price Relief Program
Digital Alert Systems has introduced an all-new Price Relief Program for its family of Emergency Alert System (EAS) devices. To help ensure that critical emergency communications are as robust and reliable as possible during the current COVID-19 More

Return to Menu