MMTC Inducts Krasnow Into Hall of Fame

Garvey Schubert Barer attorney Erwin Krasnow was inducted into the Minority Media and Telecommunications Council Hall of Fame. Krasnow was recognized for his “many years of exceptional contributions to the diversity and success of America’s most influential and important industries,” according to MMTC Executive Director David Honig.
Krasnow’s service to the broadcasting industry includes seven years as senior vice president and general counsel of NAB. He is credited with devising a tax-certificate program that deferred capital gain taxes for owners of broadcast stations and cable systems who sold to minority-owned businesses.
He also helped to form Broadcast Capital Inc., which provided $11 million from the broadcasting industry, and matching funds from the Small Business Administration, to finance low-interest loans to minorities seeking to own radio and TV stations.
Krasnow is vice chair and a member of the boards of both MMTC and BROADCAP, and is Washington counsel to the Broadcast Cable Financial Management Association.