When one talks to media brokers or communications law professionals steeped in knowledge of FCC regulatory policies, two common themes are likely to quickly emerge in conversation. The first is the need for further relaxation of local ownership caps. The second is access to capital.
The radio industry, in particular, has had a hard time at attracting and raising capital. The broadcast TV industry’s challenges aren’t so hard. Yet, a new S&P Global Market Intelligence report suggests that, when looking at media and telecommunications capital raises by sector for the calendar year through October 20, 2022, broadcasting is particularly weak in its dollar magnetism.
