Tuesday, July 20, 2010

Minority Entrepreneurs Advised To Focus On New Media

Minority communications entrepreneurs should be focusing on opportunities in new media, said FCC commissioners at a D.C. conference Monday, and the agency trio said they are willing to help.

The other side of that equation is that the opportunities in traditional media are on the wane, they suggested.
That came at a standing-room only Q&A with a majority of commissioners -- Robert McDowell, Meredith Attwell Baker and, via a sometimes hinky video link, Mignon Clyburn, at the Minority Media & Telecom Council's annual Access to Capital in Telecommunications Policy Conference in Washington Monday.

McDowell said the description of broadcasting as a car with four flat tires was a "good analogy" -- it had been characterized thusly by a questioner from the audience. He said there might be opportunities to buy stations, given lower valuations, but added that that was because revenues were in decline.

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