Promoting Media Diversity: Tax Incentives and FCC Reporting
This act aims to increase diversity of ownership in U.S. radio and television stations, particularly among women and minorities. It introduces tax benefits for station sales that promote this diversity and mandates regular reporting by the Federal Communications Commission (FCC) on progress. Citizens can expect a broader range of perspectives and content in local media.
Key points
New tax incentives for individuals selling interests in radio and television stations if the transaction increases ownership by underrepresented groups (women and minorities).
The FCC will regularly publish reports on the number of stations owned by women and minorities, and how to increase their market share.
The act aims to promote greater diversity of viewpoints and content available in media, potentially impacting the quality of information and programming for citizens.
Status:
Introduced
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