NAB Response to Record Label Claim

WASHINGTON, DC -- NAB issued a statement today correcting a distorted claim from the record labels suggesting that an optimistic speech made by NAB President and CEO David Rehr was at odds with NAB’s assessment of the economic challenges facing radio stations.

Responding to the record label claim, NAB Executive Vice President Dennis Wharton issued the following statement.

“RIAA still doesn’t get it. America’s local radio stations are indeed facing the worst advertising recession since the Great Depression, a financial reality that would be exponentially worsened by a performance tax. But instead of suing grandmothers and college kids or looking to another industry for a brazen money-grab, we’re embracing technology, adapting our business model, and looking to the future.”