BIA Backs Broadcaster Incubator Program
An incubator program could help first-time station owners raise equity, said BIA Capital Strategies and BIA Advisory Services in a letter posted Tuesday in FCC docket 17-289. “Because there are serious obstacles for obtaining such financing, we support an FCC…
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incubator program that would promote investment by established broadcasters in new entrants.” Lenders to broadcasting decreased, and investors already hesitant to back established broadcasters are unlikely to consider new station owners, BIA said. It’s ”difficult for even established broadcast owners” to get financing, it said. Earlier its analysis was used to make the case for a national 50 percent TV ownership cap (see 1806110058).