The deal between Clear Channel and Big Machine Label Group has many in the industry talking and speculating. With more questions than answers at this point in the story, NAB is remaining on the sidelines.
NAB’s Dennis Wharton stated, “NAB remains steadfastly opposed to a government-mandated performance tax on local radio stations. Beyond our respect for private contracts, we take no position on free-market agreements negotiated between broadcast companies and other businesses.”
This situation is almost sure to come up at the hearing, The Future of Audio, on the agenda of the House Communications Subcommittee 6/6/12. We’ll be there.