NAB Has Their Votes On Royalty Issue
NAB Executive Vice President Dennis Wharton stated, “Today’s announcement sends a powerful message to foreign-owned record labels that Congress is not falling for their bogus campaign to blame local radio stations for their financial woes. NAB thanks those members of Congress who appreciate the fact that free radio airplay of music generates untold millions into the wallets of performers and record labels. We will continue to educate policymakers on the devastating impact this RIAA tax would have on America’s hometown radio stations.”
Opposing the proposed royalty legislation has been one of several lobbying efforts on the part of the terrestrial radio organization. With what appears to be enough support in the House, the lobbying efforts could well shift over to the Senate. Terrestrial radio, unlike satellite and Internet radio, currently does not have to pay royalties.
NAB Press Release