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Minority Broadcasters Seek Federal Aid
http://online.wsj.com/article/SB124752187967935029.html ^

Posted on 07/13/2009 7:26:42 PM PDT by kcvl

WASHINGTON --A group of minority broadcasters asked Treasury Secretary Timothy Geithner Monday for financial assistance akin to the aid that has been extended to the financial and auto industries.

"Minority-owned broadcasters are close to becoming an extinct species," the letter said. "Even in better economic times, minority broadcasters have historically had difficulties accessing the capital markets."

The broadcasters told Mr. Geithner they can bounce back if they are given some temporary assistance while the credit markets are slow. "Unlike the auto business, broadcasting has been healthy for many years," their letter said.

The broadcasters appeal follows a proposal sent in May to Mr. Geithner by a group of influential House members asking for a minority broadcaster support program, bridge funding, or government-backed loans.

The House letter was signed by House Majority Whip James Clyburn (D., S.C.) and a group of key committee chairmen, including Financial Services Committee Chairman Barney Frank (D., Mass.) Ways and Means Committee Chairman Charles Rangel (D., N.Y.) and Oversight Committee Chairman Edolphus Towns, (D., N.Y.).

At a hearing last week, National Association of Black Owned Broadcasters President James Winston told lawmakers that advertisers have severely cut investments in minority audiences at the same time minority broadcasters are having difficulty negotiating loan terms with banks.

Research from the Internet advocacy group Free Press says minorities own just 7.7% of full power commercial radio stations and 3.2% of full power commercial TV stations.

Minority broadcast ownership also is an issue important to Federal Communications Commission Commissioner Michael Copps, who was acting chairman of the agency earlier this year.

Companies and groups that signed on to the Geithner letter included the National Association of Black Owned Broadcasters, the Inner City Broadcasting Coalition, the Spanish Broadcasting System, Taxi Productions Inc., and Carter Broadcast Group, Inc.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: bailout; crymeariver; geithner; soverysad; stateruntv

1 posted on 07/13/2009 7:26:43 PM PDT by kcvl
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To: kcvl

Good Lord! The bandwagon is bursting at the seems!


2 posted on 07/13/2009 7:31:15 PM PDT by albie
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To: kcvl

1. Provide money
2. Clear airwaves of conservative talk radio


3 posted on 07/13/2009 7:31:17 PM PDT by pennboricua
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To: kcvl

Sure, why not. Tax me some more to pay off Democratic constituents who can’t manage to stand on their own two feet of color.


4 posted on 07/13/2009 7:36:55 PM PDT by The Good Doctor (Democracy is the only system where you can vote for a tax that you can avoid the obligation to pay.)
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To: kcvl

What about the 8 track tape industry? Shouldn’t that be propped up too? They are nearly a dying breed as well.


5 posted on 07/13/2009 7:39:13 PM PDT by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: kcvl

As it is with all business, produce a crap product and you will go out of business.

Supply and demand.


6 posted on 07/13/2009 7:40:49 PM PDT by ButThreeLeftsDo (FR....Monthly Donors Wanted. I Upped My Monthly....Now, Up Yours.)
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To: kcvl
Down the Mississippi: Barack Obama effect ends white rule in Deep South town

In a shock result in Alligator (population 220), Tommie “Tomaso” Brown, 38, defeated Robert Fava, the mayor since 1979, owner of the general store and once his opponent’s boss, by 37 votes to 27. (snip)

Some youngsters ran into Mr Fava’s store to taunt him. “They was pulling down their pants, shouting, ’Kiss my black ass, because we got a black mayor’, swinging their things around and throwing stuff,” said Jennifer Green, 31, a black mother of 10.

Miss Green is dubious about whether Mr Brown, whose duties will include organising contract labour, overseeing the water and sewer systems and distributing any grant monies, can deliver. “He says there’s going to be lots of changes and everything with all these kids running around here.

"But he do the same thing they do, drinking beer and stuff. You’ve got to stay at home and study the town. Alligator is the kind of place where if you leave your door open, when you come back there ain’t nothing in your house."

"There’s guns. Kids knock on your door asking for a beer at three and four in the morning. I get 14-year-olds asking me if I want weed or whatever. They should have just left Mr Robert in there."

"Tomaso won’t do anything about any of it. He’s going to put his hand in the cookie jar just at the wrong time and get caught."

Tomaso: "I just want the people to be comfortable. Small towns like this depend on government funding and that’s what we’re seeking."

7 posted on 07/13/2009 7:41:13 PM PDT by Sender (It's never too late to be who you could have been.)
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To: kcvl
At a hearing last week, National Association of Black Owned Broadcasters President James Winston told lawmakers that advertisers have severely cut investments in minority audiences at the same time minority broadcasters are having difficulty negotiating loan terms with banks.

Advertising is down everyplace. Where is the proof that they are disproportionately affected?

I don't think we need anymore Spanish Music broadcasts on the AM dial here in Central California. It is hard to find an English speaking station and if you find it more than likely you are getting bleed through from the closest Spanish music station. I really can't listen to radio here because it is impossible to get a good signal that is not Spanish language.

8 posted on 07/13/2009 7:42:41 PM PDT by w1andsodidwe (Jimmy Carter(the Godfather of Terror) allowed radical Islam to get a foothold in Iran.)
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To: bamahead; abb

What, another bailout?


9 posted on 07/13/2009 7:42:51 PM PDT by Clintonfatigued (Liberal sacred cows make great hamburger)
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To: Islander7; June K.
What about the 8 track tape industry? Shouldn’t that be propped up too? They are nearly a dying breed as well.

Funny you should mention that, just last night I was researching the history of 8-Track's on Wikipedia and such, and came to the same conclusion as I always did while 8-Track's were king ---

"The best place for an 8-Track Cartridge tape is tangled up in some tree by the side of the highway"

10 posted on 07/13/2009 7:48:21 PM PDT by Mr_Moonlight
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To: kcvl
"Even in better economic times, minority broadcasters have historically had difficulties accessing the capital markets."

Why don't they broadcast what a majority of viewers freakin' want to watch?

Not black viewers only, but viewers in general.

11 posted on 07/13/2009 7:50:58 PM PDT by Lizavetta (Politicians: When they're not lying, they're stealing.)
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To: Clintonfatigued; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; ...
Thanks Clintonfatigued! Interestingly enough, the reason the Minority owned station want a bailout, is to cover a proposed Federal Performance Tax! Sponsored by none other than John Conyers and our friends at the RIAA!

I heard a paid message on a minority owned station in Atlanta last week advocating against it. Found a story about it at this link too.

Yet again, Government creates a problem by BEING THE PROBLEM.




Libertarian ping! Click here to get added or here to be removed or post a message here!
(View past Libertarian pings here)
12 posted on 07/13/2009 7:57:23 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: kcvl
A group of minority broadcasters

Next thing you know, Female sportscasters will want a bailout too! ;0)

13 posted on 07/13/2009 7:58:50 PM PDT by Cowboy Bob (http://isportsdigest.tripod.com)
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To: kcvl
...National Association of Black Owned Broadcasters...

That's no racist...no.
14 posted on 07/13/2009 7:59:18 PM PDT by rottndog (WOOF!)
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To: pennboricua

Yes.


15 posted on 07/13/2009 7:59:55 PM PDT by Dysart (It is dangerous to be right when the government is wrong--Voltaire)
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To: Lizavetta
Why don't they broadcast what a majority of viewers freakin' want to watch? Not black viewers only, but viewers in general.

Dunno. BET (Black Entertainment Television) seems to be quite successful, and we all saw the MSM outpouring of grief over Jacko's recent demise, as well as James Brown's a couple of years ago.

Seems that those broadcast outlets still struggling are playing the convenient 'race card' instead of looking within themselves and determining what will sell in their particular broadcast market.

For the record, several Rock n Roll radio stations in the NYC area have gone bust in recent years, or changed their format to something else .. their existing format just wasn't working out for them on the bottom line. That's just the way it is, there is no 'racism' involved whatsoever.

16 posted on 07/13/2009 8:07:40 PM PDT by Mr_Moonlight
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To: w1andsodidwe

Get your specifics in writing and complain to the FCC. There is no excuse for bleed-through, you probably have PIRATE STATIONS. Make the FCC do their job and get rid of them.

Look on youtube to learn about pirate stations.


17 posted on 07/13/2009 8:08:45 PM PDT by japaneseghost
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To: kcvl

Sure, let’s throw out the owners, restrict salaries and make the govt. the major shareholder, and anyone that owns shares has to take a loss.


18 posted on 07/13/2009 8:11:10 PM PDT by machogirl (If Obama's handing out Pie, I like Lemon Meringue.)
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To: machogirl

“Minority-owned broadcasters are close to becoming an extinct species,” the letter said. “Even in better economic times, minority broadcasters have historically had difficulties accessing the capital markets.”

Everybody is EQUAL!

No Special favors for Minority anything!

Equal = Equal

Do the math!


19 posted on 07/13/2009 8:17:26 PM PDT by EnglishOnly (Fight all out to win OR get out now.)
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To: EnglishOnly

When you apply “Million Man Math”, not equal. ;)


20 posted on 07/13/2009 8:24:07 PM PDT by machogirl (If Obama's handing out Pie, I like Lemon Meringue.)
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To: Sender

Just wow. The Obama Administration is microcosm.


21 posted on 07/13/2009 8:49:15 PM PDT by FreedomPoster (No Representation without Taxation!)
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To: kcvl

This is where we tell the US government to stick it.

The demos want this to continue with their agenda.

If our govenment supports this, we need to give them the finger and STOP PAYING TAXES! There’s no way I will fund this bs.


22 posted on 07/13/2009 9:53:39 PM PDT by boycott
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To: FreedomPoster

Yep. Obamaland in microcosm. Small towns depend on government funding,..don’t they?


23 posted on 07/13/2009 10:33:02 PM PDT by Sender (It's never too late to be who you could have been.)
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To: kcvl

Obama is well on the way to ending free speech


24 posted on 07/14/2009 8:16:18 AM PDT by Munz ("We're all here for you OK? It's a circle of love" Rham Emanuel)
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