Home Login RADIO ONLINE RSS Facebook
Find Radio Online
AM FM HD

Advertisement

Media Execs Support Reinstatement of Tax Certificate Pgm


U.S. Congress
U.S. Congress

A letter from media executives to House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer is supporting the reinstatement of a tax certificate program to encourage investment in radio and TV broadcast station ownership for women and people of color. The media executives serve as the dean and associate deans of the Broadcast Leadership Training program, an Executive-MBA style program that exposes broadcasters who aspire to advance as group executives or station owners, particularly women and people of color, the fundamentals of purchasing, owning and running a successful broadcast operation.

The letter offers support for H.R. 4871, the Expanding Broadcast Opportunities Act of 2021 introduced by Reps. G.K. Butterfield (D-NC-1) and Steven Horsford (D-NV-4), and S.2456, the Broadcast VOICES Act introduced by Sens. Gary Peters (D-MI) and Robert Menendez (D-NJ). The bills would authorize the FCC to re-establish a Diversity Tax Certificate Program, which would provide a tax incentive to those who sold their majority interest in a radio or television station to underrepresented broadcasters.

NAB President and CEO Gordon Smith previously said in a statement, "NAB and its members are strongly committed to market-based initiatives that expand radio and television station ownership opportunities for women and people of color. A tax incentive program is a proven solution that significantly diversified the ranks of broadcast owners over its nearly two decades of existence. Broadcasters thank Reps. Butterfield and Horsford and Sens. Peters and Menendez for introducing legislation that would reinstate the program and we urge swift passage of this important initiative this year."

Advertisement

Latest Radio Stories

Parker Hillis Named Brand Manager for KILT-AM/Houston
Parker Hillis
Parker Hillis
Parker Hillis is named Brand Manager of Audacy's KILT-AM (Sports Radio 610) in Houston, effective June 6. Hillis joins KILT after previously serving as Assistant Program Director of Bonneville's KKFN-FM (104.3 The Fan) in Denver, a role he'd held More

Top Honors Presented at the 47th Annual Gracie Awards
47th Annual Gracie Awards
47th Annual Gracie Awards
The Alliance for Women in Media Foundation presented the 47th Annual Gracie Awards at the Beverly Wilshire Hotel in Beverly Hills, CA. Hosted by Holly Robinson Peete, the awards recognized exemplary programming created by women, for women and about More

How Many Shows Reach Majority of All Podcast Listeners
Edison Research
Edison Research
According to Edison Research, the immense number of existing podcasts and the saturation within the market, without question, is one of the most popular conversations ongoing in the industry. For an advertiser aiming to reach a large number of More
Advertisement

WLTJ-FM Welcomes ''Ya Jagoff!'' Podcast to On-Air Line Up
Rachael Rennebeck and John Chamberlin
Rachael Rennebeck and John Chamberlin
WLTJ-FM announces co-hosts of the popular Pittsburgh Podcast, "Ya Jagoff!" to the on-air line up starting June 6. Rachael Rennebeck and John Chamberlin, creators of the local podcast, will now bring "Ya Jagoff on Q" to 92.9 FM weekdays from 7-10pm. More

WGN Morning Host Bob Sirott to Receive 2022 Dante Award
Bob Sirott
Bob Sirott
WGN-AM/Chicago morning drive host and broadcast television and radio legend Bob Sirott will receive the Dante Award from the Joint Civic Committee of Italian Americans (JCCIA) at a luncheon on Thursday, May 26. Since its inception in 1971, more than More

SME's Global Podcast Division Launches ''The Binge''
The Binge
The Binge
Sony Music Entertainment's (SME) Global Podcast Division launches "The Binge," a first of its kind subscription channel providing fans with binge-access to full seasons of new podcasts each month from across SME's slate. Beginning Monday June 6, More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Quick Snaps
WGY-FM/Albany: iHeartMedia Albany's News Radio 810 & 103.1 WGY and 99.5 the River recently raised $314,000 as part of its 24th annual Cares for Kids Radiothon to benefit the Bernard & Millie Duker Children's Hospital at Albany Med, the only children's hospital in the region.

Advertisement

Advertisement