Approval of the Performance Rights Act (S-379) would drive at lea...
Approval of the Performance Rights Act (S-379) would drive at least a third of minority broadcasters into bankruptcy, leaders of minority organizations in a variety of industries wrote Senate Judiciary Committee Chairman Patrick Leahy, D-Vt. The committee is to…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
consider the bill at a Thursday markup. Minorities own about 7 percent of broadcasting licenses and 2 percent of industry asset value, with most operating with “inferior facilities” and “weak financing,” they said. Stations that remain following enactment of S-379 “would find it virtually impossible to raise the capital they need to grow.” Small broadcasters could become just large enough to “trigger the huge royalty fees that preclude any hope of eventual profitability,” the letter said. It was signed by heads of the Black College Communication Association, Hispanic Institute, International Black Broadcasters Association, National Association of Black Telecommunications Professionals, Latinos in Information Sciences and Technology, Lawyers’ Committee for Civil Rights Under Law, Minority Media and Telecommunications Council, National Black Chamber of Commerce, National Association of Hispanic Journalists, Spanish Broadcasters Association, and Unity: Journalists of Color.