BROADCATING: Life and death of minority tax certificates.

According to Radio Business reprot, just about everybody agrees that there are not nearly enough minority and female broadcast owners, and the minority tax certificate is widely believed to be one of the best tools for encouraging diversity of ownership of FCC-licensed assets. So why did it go away, and why can’t we get it back? Erwin G. Krasnow, an attorney with Garvey Schubert Barer and co-author of hot-off-the-presses deal-making legal bible “Profitably Buying and Selling Broadcast Stations” explains how we got where we are and why we’re stuck here.

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