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Mays Says Raise Radio Ownership Caps

Mays Says Raise Radio Ownership Caps

“Free radio is not asking for a handout. Free radio is not asking to be completely unregulated. Free radio is asking for a level playing field.”
So said Clear Channel President/CEO Mark Mays, speaking at the conservative think tank Progress and Freedom Foundation this week.
As radio faces competition from iPods, the Internet and cellphones that stream satellite radio, Mays believes Congress should lift local ownership caps for radio to 10 stations in markets with 60 or more stations, and to 12 stations in markets with 75 or more stations.
The current cap is eight in the largest markets.