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Getting Women, Minorities On The Ownership Ladder - Radio World

Getting Women, Minorities On The Ownership Ladder

Getting Women, Minorities On The Ownership Ladder
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FCC Chairman Bill Kennard has proposed four ways to promote broadcast ownership by women and minorities in light of market studies showing continuing market-entry barriers including lack of access to capital. Kennard has again suggested bringing back a version of the minority tax certificate, which provided tax incentives for owners, and buyers of stations when the buyer was a minority. Kennard has suggested expanding the concept to include women. Other proposals were: increased funding of the Telecom Development Fund, an FCC review of the criteria used to determine minority station ownership and a joint effort by the commission, industry and public interest groups to promote ownership opportunities for women and minorities in new media.

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