American Television Alliance Statement on Predictions of Growth for Retrans
WASHINGTON, D.C. – The American Television Alliance (ATVA) issued a statement as broadcast stocks continue to rise in response to broadcasters’ optimistic growth outlook due, in part, to increased distribution revenues at the expense of consumers.
“Make no mistake, the double-digit gains being touted by these broadcasters are coming at the expense of consumers. The current regulatory environment enables big broadcasters to exploit loopholes that are responsible for thousands of consumer blackouts and massive annual price increases,” said ATVA spokesperson Cora Mandy. “Broadcasters increased retransmission consent fees by an overwhelming 5,359%, from $200 million in 2006 to $11.7 billion in 2019. This broken system does not work for consumers and has led to over 200 blackouts in 2023 alone. We urge Congress and the FCC to act to end predatory practices by broadcasters at the expense of subscribers and ensure broadcasters fulfill their public interest obligations.”
To learn more about outdated broadcast regulations and their impact on the American consumer, visit https://americantelevisionalliance.org/about-the-issue/.