A financial analyst will also testify on media...
A financial analyst will also testify on media ownership issues this week. RBC Capital Markets Managing Director-Global Media Equity Research David Bank is the sixth witness at the House Communications Subcommittee’s Wednesday hearing, at 10:30 a.m. in 2123 Rayburn, according…
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to the official witness list (http://1.usa.gov/1hAZoNc). It includes, as expected (CD June 9 p12), witnesses from the FCC and NAB. “Decades-old ownership rules simply have not kept up with changes in the media marketplace and are hampering traditional media’s ability to compete,” House Republicans said in a memo for the hearing, also slamming the FCC’s recent change to attribution rules. “This change in attribution rules could force broadcasters to divest stations or dissolve agreements that are beneficial to bringing local content to smaller markets,” a change that’s “troubling, given the benefit generated from such arrangements,” said the memo.