Broadcasters Should Prepare to File Biennial Ownership Reports

Wiley Rein LLP
Contact

Beginning on October 1, 2021, the Federal Communications Commission (FCC or Commission) will open a window during which licensees of commercial and non-commercial full power television, Class A television, low power television, AM radio, and FM radio stations may file their requisite biennial ownership reports. These reports must be filed by December 1 and must contain ownership information that is current as of October 1.

In a recent Public Notice, the FCC’s Media Bureau reminded broadcasters that, as part of its review of license renewal applications, Bureau staff will be reviewing whether licensees have filed their 2019 and 2021 biennial ownership information and whether they have certified truthfully concerning compliance with the filing requirement. The Bureau explained that licensees that fail to file their biennial ownership reports could be subject to Commission staff action, including enforcement actions for falsely certifying compliance with the biennial ownership reporting obligation on their license renewal application.

To prepare for the filing window, broadcasters should review their most recent biennial or post-consummation ownership reports and identify:

  • Any changes to their ownership since those reports; and
  • Any new Section 73.3713 contracts entered into since those reports (all of which should be reflected in the station’s online public file, if applicable).

We urge licensees to focus on their ownership reports early in this process – we find that those who wait until just before the December 1 deadline are often frustrated by slowness or other technical difficulties with the FCC’s online filing system. 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Wiley Rein LLP | Attorney Advertising

Written by:

Wiley Rein LLP
Contact
more
less

Wiley Rein LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.