FCC's 2022 Quadrennial Review Sparks Debate on Broadcast Ownership Rules
The FCC has initiated its 2022 Quadrennial Review, sparking discussions about broadcast ownership rules. Industry leaders and various groups have shared their views, with some expressing support for changes to the current ownership caps.
Mary Berner, CEO of Cumulus Media, welcomed the FCC's progress in the review, seeing it as an opportunity to update regulations. Several multicultural groups have also backed changes to the ownership caps, citing potential benefits for diversity and competition.
Several broadcasters, including Townsquare Media and Connoisseur Media, have told the commission that the current rules hinder their ability to compete for audiences and advertisers. However, iHeartMedia has previously raised concerns that changing AM and FM limits could disadvantage AM radio stations.
Caroline Beasley, CEO of Beasley Media Group, described the review as a 'defining moment' for local radio to continue its public service mission. Curtis LeGeyt, President and CEO of the NAB, praised FCC Chairman Brendan Carr for driving the review to modernize outdated rules. LeGeyt also noted that the current subcaps limit common ownership of multiple stations in a given market, potentially hindering investment and innovation.
The FCC's 2022 Quadrennial Review has sparked a range of views from industry leaders and groups. While some support changes to ownership caps to boost competition and diversity, others raise concerns about potential disadvantages to certain types of stations. The FCC will consider these views as it works to modernize broadcast ownership rules.
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