Minority Broadcasters Seek Bailout
by Brian JenningsWell if we can spend millions to protect the salt marsh mouse in San Francisco Bay, we can surely shell out billions to bail out minority broadcasters. It’s good for the economy and after all Congress is on record as saying it needs to save our nation’s newspapers, too. So, the table is set for government financial intervention of the media.
Minority broadcasters are asking tax-cheat Treasury Secretary Timothy Geithner for financial assistance. Sounds like the financial and auto industries, and it is. These broadcasters, including the National Association of Black Owned Broadcasters, the Inner City Broadcasting Coalition, the Spanish Broadcasting System, and others say they can bounce back because “unlike the auto business, broadcasting has been healthy for many years.” Has it now? (more…)





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