The Price and Privilege of Television Ownership Should Not be Taken Lightly

"Acquiring and operating television stations is a particularly capital-intensive business. It requires millions of dollars to buy them and millions more to keep them running. While there have been many minorities interested in buying stations, few have assembled the necessary financing experience and partnership to make it work." -Armstrong Williams

Armstrong Williams HSH

Owning a broadcast television station is a great privilege in America. It gives the owner the opportunity to bring news, weather, entertainment and other important stories to thousands of local communities throughout our nation. Local television is often the first place Americans look when there is a natural disaster or, God forbid, catastrophes like bombings, mass shootings or terrorist incidents.

Local TV is also the place we expect to see coverage of our high school football and basketball games and the celebration of our neighbors’ milestone birthdays, anniversaries and good deeds.

Along with this great privilege comes tremendous responsibility. I have had the good fortune of becoming one of the largest minority broadcast television owners in the United States, with stations in South Carolina, Alabama, Pennsylvania, Michigan and Nevada. Over a decade, I have built a series of TV stations that are dedicated to bringing relevant news, documentaries and feature stories to all viewers in those communities.

View the full article at broadcastingcable.com