NAB Fighting Royalty Hikes and Copper Theft
The National Association of Broadcasters fought the Sirius XM merger tooth and nail. They have spent millions fighting against royalties for the music they play, and now they are fighting copper theft.
Copper Theft?
That’s right, broadcasters are going crazy because the price of high price of scrap copper, combined with a strained economy has copper theft as a major issue. So severe is the problem that it generated a press release, and will be a major topic at the NAB Radio Show.
Scrap copper is getting a hefty $3.08 per pound in the scrap market, making all of those wires run at broadcasting sites tempting to would be thieves, or perhaps even employees. While the issue is a major problem, is it so important as to warrant a press release? Perhaps after all of the fighting during the merger process, someone was simply trying to find a new fight that can deliver tangible results.
[NAB Press Release]
China has recently cut a deal with an African country in an effort to extract its copper. The Chinese are building major roadways there as we speak. (Tyler, check your article for some typos.)
lol…. Missed it in the title. Thanks for the heads up
First line, last paragraph should read scrap market. Copper is valuable. It is being stolen from construction sites and foreclosed and otherwise vacant houses. In some cases, the foreclosed party is selling off the appliances and scrapping the copper plumbing. A lot of people have recently discovered the scrap market. All metals have a pretty good scrap value. Especially when many items have no cost basis. They can be collected from trash piles. If you have a truck and some gas money you can go in the scrap business.