C4 Proposal Would Increase Broadcast Diversity, MMTC Says
Allowing Class A FM stations to upgrade to a new C4 class (see 1809110051) would increase diversity in broadcast ownership, the Multicultural Media Telecom and Internet Council commented, posted Thursday in FCC docket 18-184. Upgrading would let existing minority owners…
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have more access to capital, MMTC said. “Doubling the stations’ power would add considerably to the stations’ asset values, thereby facilitating the licensees’ ability to attract investors, qualify for loans, and ultimately to be sold at competitive prices.” There are 29 minority-owned stations that would be able to upgrade, the group said. “Class A stations often have served as portals for entry by minority broadcasters.”