Minority Broadcasters Seek Bailout

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Managing Editor's Note: What follows was originally published at Andrew Breitbart's Big Hollywood blog on July 20, 2009.

Well 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?

Ad revenues for broadcasters started declining severely in late 2007 and throughout 2008 were down up to 40% in some cases. The ad decline not only impacted broadcasters, it impacted newspaper groups and many such as the Seattle Post-Intelligencer and others have gone out of business.  Stock prices of some radio groups have fallen to absolutely nothing. So, minority broadcasters have a rosy picture ahead? 

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Most industry financial forecasters say local ad revenue for 2009 will be down 22% and most ad revenue is derived locally. This will continue into 2010 and these forecasters say (maybe) it will begin to turn in the last half of 2010. But, we also heard that forecast for 2009 and it was false. 

As the nation digs itself further into debt and unemployment continues to increase, media is being hit as hard as any sector.  But, there is an important point to be made.  Perhaps suspect business models should be allowed to fail.  If there is bailout money for minority broadcasters, what about bailout money for the nation’s non-minority broadcasters who face what many believe is their only path - bankruptcy.  The answer to that is a forgone conclusion.  Minorities will get a bailout because after all they are minorities and deserve special treatment.  But, other broadcasters - especially the consolidated media will not get a dime.  No media should be bailed out. 

The bottom line is the table is set for more government intrusion into media.  When government bails out media, it will want a hand in how that media is operated.  It’s exactly what the government wants.  Red flags should be waving en masse.  Any media that considers itself an objective voice should refuse government bailout money and fall on the sword even if it means going out of business.  Where government plays a role in the nation’s financial structure of media, danger to our core freedoms exists.  We already have National Public Radio and the Corporation for Public Broadcasting and even with taxpayer money these organizations are hurting.   

We need to keep the fox out of the chicken coop and let the free marketplace selectively reward or destroy businesses as the free market economy was meant to work.  But, I forget, there is no “free” marketplace in the Obama Administration’s game-plan.  Expect the lineup at the public trough to grow longer.


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Change in the Game Plan

We're changing it from 'Too big to fail' to 'Too black to fail'.

"What a revoltin' development this is!"

Chester Riley

No no no no no, do this lot

No no no no no, do this lot not understand what gov assistance means, you will get kicked to the curb and some gov mongrel will take over.

Have they been paying attention to gov bailout anything, apparently not,  you are toast. people.

Who said.. Once the camel gets his nose under the tent LOL

They must broadcast lib baloney.   Turn it around and simulcast, Rush, Hannity, Beck, etc. Go conservative, wiod miami did it, having said that they cut Beck by one hour on wiod must be something to do with the new localism baloney they were addveristing on that station

This had better not

This had better not happen.

This is the Fairness Doctrine in another name, another venue.

No difference.

The enemy within are using all kinds of tactics to stop free speech, as we are forced to support their filthy voices via tax dollars.

This has got to STOP dead in it's tracks, we have to pay close attention to their slimy tricks....as we know, the left will try anything...especially since they know the majority of the msm will remain mum about this all...arm in arm with their Marxist party.

Thank you Brian Jennings for this info, keep us updated, thank goodness for NBs.

Doubling down on stupid is not a particularly good idea. ~Andrew Breitbart

Maybe, just maybe

They should prove they have a worth to the community and an audience first.

This crap that only black stations can satisfy  the needs of the black community, and the community as a whole are bunk and should be stated as such. We don't need the Bosnia-fication of the USA for political purposes.

How Well Did The Car Bailout Work?

The cash strapped minority broadcasters are now scratching Obama's back. How successful will they be?

JDW

DAILY WAVE

Jobs, jobs, jobs ... Spending, spending, spending

              

                 They can't justify a bailout of something they already own.

Why Doesn't Obama Just Take Over the Minority Broadcasters

Blacks support Obama at a 97% rate so he already has the minority media in his pocket.

Why not just have the Feds buy them all?

Yea, but that might conflict with Obama's plan to start up a bunch of Muslim radio stations.

Heck,  He is the Messiah he can own both.

 

 

 

 

bail out

Some of your older readers may have experienced the thrill of "slopping the hogs" when they were young . In the sty was a muddy sloppy area with a wide usually wooden ,vee shaped trough about 18" wide and a foot or so deep. The hogs would be waiting when you lugged a pail into the sty . Some would try to knock or wedge the slop pail from your hand before you got to the trough. When you poured the contents into the trough some of them would squeal and try to push their way to the trough before it was all gone. Others would fight and use their bulk to gobble as much as possible before it was gone. It was not a place for manners and niceties. The rule among the hogs was , 'get as much as you can . before its gone."

I have not found anything in my lifetime that so accurately portrays the Democratic Party as the hog trough and feedin' time in the pig sty.

It is so

Accurate portrayal

 I also remember the phrase "running around like a chicken with his head cut off". Which would aptly describe our present Congress.

"What a revoltin' development this is!"

Chester Riley

Pigs to the Trough

Many years ago the Mayor of Ft. Lauderdale accused the non-profits of being like "pigs to the trough" when it came to social services money.  It was the end of his (colorful) career.

Your description is a perfect metaphor for the Congresscritters and their slurpy bail out recipients.  Truly disgusting.

I hope he fails, too.

 

 

OMG, WR

I am old enough, and "been there/done that", and that is as accurate a description of that activity (chore) as I've seen.  The only thing I'd add is that nothing ruins your day like having a 300 pounder knock you down in that slimy crappy sty, and then the rest trample over you...even if it's after you'd emptied the pail into the trough.

That, I submit, is how WE will feel when they do it to us, even knowing that we're trying to feed them. 

riots

That is an excellent way to get major riots going. It's one thing to publish propaganda for Obama and quite another for Obama to pay for it. If he tries a "Hugo Chavez" in this country things will turn ugly.

 

He has already failed... his country.

Here's a novel idea....

How about the minority broadcasters program what people want to hear, and the listeners will come.  Rush, Sean, Glenn..even  local programming...They don't have a problem getting advertizing......This once again just goes to prove what I have always said....Liberals have the attention span of a gnats a$$, and will listen for a while, then move to something else.  Conservatives, on the other hand, will listen longer and pay more attention to what is being said.  I say let them fail, minority or not.  If you can't run with the big dogs, get out of the way.

 

I didn't vote for the "Wrinkly old white dude", I voted for her!!!

Minority bailout

You want to be treated like everyone else. Quite whining and going to the government to save your butts every time something bad happens.  The rest of us don't, you shouldn't either.  Crybabies....