In this letter, dated January 16, 1801, Alexander Hamilton writes to James Bayard, a Federalist member of the U. S. House of Representatives from Delaware. Hamilton conveys his satisfaction that Bayard has decided to support Burr in the Election of 1800. He goes on to offer his criticisms of both Aaron Burr and Thomas Jefferson and his worst fears were either man to become president.
Fri, 30 Oct 2020 16:09:37 EST

Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit dbreisch@desti… Wed, 07/10/2024 - 18:22

Cultivating Our Future: Student Shadow Program Fuels Industry Interest jhammond@desti… Tue, 07/30/2024 - 18:28

People's Bank of China USD/CNY reference rate is due around 0115 GMT.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.

Earlier:

• ICYMI - PBOC Governor warned on yuan slide, will 'guard against risk of overshoot'

Deutsche Bank has revised its forecast for the European Central Bank’s (ECB) terminal rate, lowering its central-case projection from 2.25% to 1.50%. The bank now anticipates the ECB’s policy rate will dip slightly below the neutral rate by the end of 2025, rather than returning to neutral by mid-year as previously expected.

This shift in outlook is driven by several factors, including the potential for new tariffs from a Trump administration, which would likely impact trade, along with weaker macroeconomic performance in Europe and the increasing risk of inflation falling below target.

According to Deutsche Bank, the uncertainty surrounding these dynamics is considerable, especially given the unclear timing and effects of U.S. tariffs and potential European responses. Reflecting this uncertainty, the bank has outlined a broad target range of 1.00% to 1.75% for the ECB’s terminal rate.

Deutsche Bank notes that the terminal rate’s trajectory and ultimate level will depend on key influences such as:

1. European fiscal policy,
2. the economic health of Germany,
3. developments in China,
4. and fluctuations in oil prices.

The bank further suggests that the global economy may be entering a new phase, with Europe potentially experiencing increasingly divergent economic conditions compared to the U.S.

People's Bank of China USD/CNY reference rate is due around 0115 GMT.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.

Earlier re China:

• Green shoots in China? Excavator sales grew 15% in October
• It's not a pretty picture in China

The USDCAD has backed backs off from ceiling area again. That area comes between 1.3945 and 1.3958.

The subsequent move to the downside has the pair heading toward 200 and 100-hour MA support targets at 1.39054 and 1.3898 respectively (green and blue lines on the chart below). A move below that level would target the rising 100 bar moving average on the 4-hour chart at 1.38784. Last week the price fell below that moving average line on two separate occasions only to fail and bounce back to the upside.

If the price were to get above the ceiling area, the 2022 high price comes in at 1.3977. Get above that and the price is trading at the highest level since 2020.

USDCAD Summary

The USDCAD is trending upward, approaching a key swing area between 1.3945-1.39581.

Key Levels:

Resistance

• 1.3945 to 1.3958. Swing highs over the last 7 trading days (from swing highs from Oct 31, Nov 1, 6, and 7.

• 1.3977 (2022 high)

Support

• 1.3905 - 200-hour MA)

• 1.3898 Rising 100-hour MA

Outlook:

• Break above 1.3977 targets highest level since 2020.

• Move below 1.3905 and rising 100-hour MA favors sellers.

• Otherwise, buyers maintain control, pushing for new highs.

The USDCAD moved higher in the Asian session and extended above the highs over the last few weeks between 1.3945 and 1.3958. The high price extended to 1.39664 but fell short of the 2022 high which came in at 1.3977.

The inability to move higher turn the buyers to sellers, and the price has rotated back down toward the close from yesterday's trade where buyers have stalled the fall.

On the downside, the next major target comes against the rising 100 and 200 hour moving averages between 1.3908 and 1.3911. It would take a move below that area to increase the bearish bias with the 100 bar moving average on a four hour chart the next downside target at 1.38868.

On the top side, getting back above 1.3945 and 1.3958 would have traders looking again toward the 2022 high at 1.3977. Get above that level opens the door for further upside potential.

----------------------------------------------

USDCAD Summary

The USDCAD rose in the Asian session, approaching 2022 highs.

Key Points:

1. Broke above recent highs (1.3945-1.3958).

2. Reached 1.39664, shy of 2022 high (1.3977).

3. Buyers turned sellers, and the price fell.

Outlook:

Bullish Scenario

Move above 1.3945, 1.3958, and 1.3977 confirms further upside.

Bearish Scenario

Break below 1.3908-1.3911 (100/200-hour MA) and 1.38868 (100-bar MA) increases bearish bias.

Levels to Watch:

• Resistance: 1.3945, 1.3958, 1.3977

• Support: 1.3908, 1.3911, 1.38868

Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.

This year's competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year.

The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action.

US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024.

Luuk Strijers, Chief Executive Officer at Deribit, “We’re thrilled to launch the second edition of our trading competition in collaboration with SignalPlus. Following the remarkable success of last year’s iteration, we are excited to raise the bar even higher this time. The growth and enthusiasm we witnessed have inspired us to expand the competition, offering even more opportunities for participants to showcase and expand their skills.”

Competition Highlights:

• Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws.
• Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.
• Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products.
• Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand.
• Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies.
• Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills.

Chris Yu, Co-Founder of SignalPlus, added: “We’re excited to collaborate with Deribit on this landmark trading competition. At SignalPlus, our mission is to enhance the trading experience through innovation, and this event reflects that commitment. By combining our advanced technology with Deribit’s robust platform, we’re offering participants an unparalleled opportunity to engage with crypto options in fresh, dynamic ways, pushing the boundaries of strategy and skill.”

Competition Rules and Rewards:

• Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC.
• Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand.
• Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily.
• Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC.
• Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing!

Key Details:

• Prize Pool: 200,000 USDC.
• Registration Period: October 23rd – December 9th, 2024.
• Competition Period: November 4th – December 9th, 2024.

Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today!

About Deribit

Deribit (https://www.deribit.com/) is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards.

About SignalPlus

SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading.

LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner.

We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner. This collaboration marks a significant milestone for LiteFinance as we expand our presence into the world of sports, aligning our brand with one of England’s most admired football clubs. Leicester City Football Club is pleased to confirm LiteFinance as its new Official Trading Partner.

Established in 2005, LiteFinance has grown into a leading online broker, offering high-speed trading services in 29 international languages. Our platform is designed to empower clients with financial freedom, providing access to a comprehensive range of trading instruments in the currency, commodity, stock, and agricultural markets. Through this partnership, we aim to bring our innovative, accessible trading solutions to a broader audience, enhancing the experience for both our clients and Leicester City’s global fanbase. Shared Values and Vision Both LiteFinance and Leicester City share a commitment to excellence, innovation, and a global outlook. The Foxes have a significant following, particularly in Southeast Asia, where they enjoy one of the largest social media reach outside of the Premier League’s traditional top six clubs. This partnership will allow LiteFinance to engage with new audiences and create memorable experiences for football fans and our clients alike. Visibility and Engagement As part of this partnership, LiteFinance will benefit from extensive brand visibility, including pitch-facing LED advertising, logo placements on interview backdrops, and a selection of digital advertising. Additionally, our clients will have exclusive access to branded promotional materials, such as custom merchandise, and will be able to participate in special contests and promotions designed to bring excitement and memorable experiences to football fans. These initiatives are tailored to enhance engagement and connect with Leicester City supporters meaningfully. Statements from Leadership Kristina Leonova, CEO of LiteFinance, commented: “We are thrilled to embark on this exciting journey with Leicester City. This partnership reflects our mutual commitment to excellence and innovation. It will allow us to connect with new audiences and create impactful experiences while delivering on our promises and setting new standards of success.”LiteFinance is proud to partner with Leicester City Football Club and looks forward to a fruitful relationship that will bring value to both organizations and the communities we serve. We are confident that this collaboration will set the stage for innovative initiatives and successful outcomes in the future. Leicester City Commercial Director, Dan Barnett, added: “This collaboration marks an exciting chapter for us as we continue to expand our global reach with new partners. We look forward to working closely with LiteFinance to further elevate the Club's presence on the international stage in unique ways.”

ING remarks after the wages data from Australia earlier:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)
• Australia - "Wage inflation is moderating as expected"

ING says that year-on-year wage growth slowing to 3.5% is a step in the right direction for the Reserve Bank of Australia (RBA) to consider rate cuts.

However, ING notes this deceleration alone isn’t enough for the RBA to rule out any upside risks to interest rates.

Despite the softer data, ING believes a case for a near-term rate cut remains weak, predicting the earliest possible easing from the RBA could come in the first quarter of 2025.

**

I suspect even Q1 is too early. The RBA next meet on December 9 - 10, where on hold is expected.

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) today announced the launch of “Voices From the Field,” a new digital campaign highlighting stories of local broadcasters through first-person accounts. The campaign, part of NAB’s “We Are Broadcasters” initiative, will spotlight how broadcasters are using their expertise, experience and dedication to local broadcasting to serve their audiences and uplift their communities.

Washington, D.C. -- NAB Show Premiere will examine the future impact of edge technology on radio and television broadcasters during a session titled “Livin’ on the Edge: Advances in Computing and Networking to Drive Innovation in Broadcasting.” The session, which will air on Wednesday, April 21st at 3 p.m. ET and be available on-demand, will present a new study about opportunities created by wider adoption of edge technologies in the next three to four years.

Washington, D.C. -- As founding members of the Biden Administration’s COVID-19 Community Corps, the National Association of Broadcasters (NAB) is urging all local radio and television stations to participate in a National Month of Action beginning June 4 to provide COVID-19 vaccine education and help ensure all Americans understand the importance of getting vaccinated.

Washington, D.C. -- Award-winning journalist Lester Holt will be inducted into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame for his contributions to broadcast television at the 2021 NAB Show, held October 9–13 in Las Vegas. Holt will accept the honor at the NAB Show Welcome event on Monday, October 11 at 9 a.m. PDT.

WASHINGTON, D.C. -- In response to passage by the House of Representatives of the Build Back Better reconciliation package that includes provisions in the Local Journalism Sustainability Act, the following statement can be attributed to NAB President and CEO Gordon Smith:

Washington, D.C. – The 2022 NAB Show will feature NABiQ, a new networking series focused on innovation. Taking place April 23 – 27, 2022 in Las Vegas, Nev., each NABiQ challenge will relate to NAB Show’s content pillars: Create, Connect and Capitalize.

WASHINGTON, D.C. – Local radio and television broadcasters from across the nation gathered today in Washington, D.C. for the National Association of Broadcasters’ annual State Leadership Conference. The convention featured speeches from several members of Congress about issues affecting the broadcasting industry and preparations for attendees’ meetings with legislators and regulators on Tuesday.

Washington, D.C. – Award-winning journalist Ashleigh Banfield, host of “Banfield” on NewsNation, will reunite with her former MSNBC co-anchor, Lester Holt, the NBC Nightly News anchor and managing editor. Holt will join her “Rising Tide: The Value in Mentoring Others” series during the NAB Show Opening Main Stage session on Sunday, April 24 at 1:15 p.m. in Las Vegas, NV.

Washington, D.C. -- PILOT, the innovation wing of the National Association of Broadcasters (NAB), today announced the development of a NextGen TV Transmission ID (TxID) table for voluntary use by broadcasters using the ATSC 3.0 transmission standard. The table and TxID codes can be used to identify individual transmissions for testing, measurement, interference identification and other differentiation purposes.

WASHINGTON, D.C. -- The National Association of Broadcasters (NAB) announced today the completion of a new state-of-the-art media production facility at NAB's headquarters, located at 1 M Street, SE in Washington, D.C. The buildout of the facility, including a studio and media hub, was made possible by donations of critical equipment and studio design services from leading companies in the business of content creation and management.

Washington, D.C. -- Renowned actor and television personality Mario Lopez will host the Celebration of Service to America Awards on June 7, 2022, at The Anthem in Washington, D.C. Produced by the National Association of Broadcasters Leadership Foundation (NABLF), the ceremony recognizes local broadcasters’ outstanding service to their communities. The 2022 program will be held in person and professionally produced for airing later on television stations across the country.

WASHINGTON, D.C. – Today the Federal Communications Commission denied a joint request by NAB and NPR for a two-week extension of the comment deadline in a proceeding on FM broadcast booster stations. The following statement can be attributed to NAB Chief Legal Officer Rick Kaplan:

WASHINGTON, D.C. -- The National Association of Broadcasters (NAB) released a new NAB Podcast episode today featuring a discussion between NAB President and CEO Curtis LeGeyt and Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell about the importance of emergency preparedness. Their conversation highlighted how broadcasters help disaster relief agencies prepare, inform and serve local communities during this year’s hurricane and wildfire seasons.

Washington, D.C. – Award-winning entertainer, author and entrepreneur Patti LaBelle will receive the Service to America Leadership Award from the National Association of Broadcasters Leadership Foundation (NABLF) during the Celebration of Service to America Awards on June 7 at The Anthem in Washington, D.C. LaBelle joins chef and humanitarian José Andrés as a recipient of this year’s Service to America Leadership Award, NABLF’s highest individual citation that is presented in recognition of honorees’ commitment to advocacy and public service.

Washington, D.C. -- The National Association of Broadcasters Leadership Foundation (NABLF) announced the recipients of the 2022 Celebration of Service to America Awards at a gala held tonight at The Anthem in Washington, D.C. The awards were announced live and presented to recipients in eight categories recognizing local broadcasters’ outstanding service to their communities.

Washington, D.C.– The National Association of Broadcasters (NAB) today announced the launch of a public service campaign to further support children displaced by the war in Ukraine. The campaign will run on World Refugee Day (June 20) and all proceeds will be donated to UNICEF USA to support UNICEF’s emergency response and humanitarian work in Ukraine and neighboring countries.

WASHINGTON, D.C. -- The National Association of Broadcasters (NAB) today announced the launch of the 2022 Election Toolkit. The online resource provides local television and radio broadcasters with ideas and information to cover the 2022 local, state and federal elections.

Washington, D.C. -- PILOT, the innovation arm of the National Association of Broadcasters (NAB), today announced it is conducting a program with support of the Google News Initiative to improve direct-to-consumer audience engagement to better serve local audiences. The six-month program is designed to support broadcaster education as well as the implementation of first-party data and direct-to-consumer business models.

WASHINGTON, D.C. -- Multi-hyphenate entertainer and media mogul Nick Cannon will host the 2022 Marconi Radio Awards Dinner on October 19 during NAB Show New York. Record producer and radio host DJ Scratch will provide live music during the ceremony, which celebrates excellence in radio and is returning in person after a two-year hiatus.

Washington, D.C. – A strong lineup of keynote sessions, insightful conversations and award ceremonies is confirmed for NAB Show New York’s Content Theater. Located within the Experiential Zone on the show floor, the Content Theater will serve as the event’s main hub for collaboration and education October 19-20, 2022 at the Javits Center.

Washington, D.C. -- The National Association of Broadcasters (NAB) and the Society of Broadcast Engineers (SBE), the association for broadcast and multimedia technology professionals, announced a joint memorandum of understanding with the Department of Defense to allow non-exclusive access to commercial spectrum at 2025-2110 MHz at 26 U.S. military sites. The bases were selected for their ability to provide streamlined access to spectrum used by broadcasters for electronic newsgathering and other purposes. DoD activities at these bases will include test and training missions to assure readiness and enhance electromagnetic spectrum superiority.

Washington, D.C. -- In response to the passing of Barbara Walters, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. -- In response to the passing of Entravision CEO Walter Ulloa, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C.— The National Association of Broadcasters (NAB), the premier advocacy association for America’s broadcasters, and NAB Show, the preeminent global trade show driving the evolution of media and entertainment, are celebrating their centennial year in 2023 with activities, events and a commemorative website.

The National Association of Broadcasters (NAB) is hosting a webinar on recruitment strategies for television and radio stations to draw new sales and programming talent. The webinar, “Retooling Your Recruiting Strategy for 2023,” is an NAB members-only event and will take place on Wednesday, February 1 at 3 p.m. ET.

The National Association of Broadcasters’ (NAB) innovation arm - PILOT - released the final report from its First-Party Data Direct-to-Consumer Accelerator. The report details a six-month long study on direct-to-consumer data strategies for broadcasters.

WASHINGTON, D.C. -- More than 560 local radio and television broadcasters from across the nation gathered today in Washington, D.C. for the National Association of Broadcasters’ annual State Leadership Conference (SLC). The convention, held at Washington Nationals Park, featured remarks from policymakers and briefings preparing attendees for meetings with legislators and regulators on March 1.

The National Association of Broadcasters today announced the launch of new spots focused on the enduring value of local broadcasting and the commitment of TV and radio stations across the country to deliver trusted information in convenient, modern and familiar ways.

Washington, D.C. -- The 2023 NAB Show will lead a collaborative, immersive and interactive exploration of the transformative impact Web3 and other internet advances are having on the media and entertainment industry on April 15-19 at the Last Vegas Convention Center. Educational programming, hands-on demonstrations, special events, networking sessions and dozens of exhibitors on the show floor will explore the next generation of the internet and its potential to unlock new opportunities in the content lifecycle.

WASHINGTON, D.C. -- A bipartisan group of 27 U.S. senators, led by Sens. Brian Schatz (D-HI) and Todd Young (R-IN), sent a letter today to Federal Communications Chairwoman Jessica Rosenworcel urging the Commission to take an active role in expediting the continued rollout of the Next Generation TV standard, also known as ATSC 3.0. With over 60% of Americans in range of a Next Gen TV signal, the senators note that, “a successful ATSC 3.0 transition should be a priority of the FCC going forward to ensure that local broadcasters can continue to best serve their communities as a trusted source of local news.”

Washington, D.C. -- NAB Show will partner with Broadcast Beat Studios to run a live remote-production broadcast from the Show Floor that will air internationally over the internet. NAB Show LIVE will run each day of the 2023 NAB Show, April 15-19, from 9 a.m.-6 p.m. PDT (9 a.m.-2 p.m. PDT Wednesday) in Las Vegas, Nev., creating an immersive experience for viewers who want to see exhibitor interviews, demos, new product spotlights, Experiential Zone experiences, and other on-floor events.

Washington, D.C. -- The National Association of Broadcasters today released new radio spots and digital ads highlighting the importance of AM radio in the automobile. These tools include a direct call to action for consumers to contact Congress and will further enhance NAB's advocacy efforts to keep AM radio in the car dashboard.

WASHINGTON, DC -- Multi-hyphenate entertainer Wayne Brady will receive the Service to America Leadership Award from the National Association of Broadcasters Leadership Foundation (NABLF) during the Celebration of Service to America Awards on June 6 at The Anthem in Washington, D.C. The award, NABLF’s highest individual citation, is presented in recognition of honorees’ charitable work and public service.

WASHINGTON, DC -- The National Association of Broadcasters Leadership Foundation (NABLF) honored the recipients of the 2023 Celebration of Service to America Awards tonight during a gala held at The Anthem in Washington, D.C. The awards, presented by Bonneville International and Hearst Television, honor the impact and excellence in community service and philanthropy by local radio and television stations.

In response to Sen. Cantwell's remarks at today's hearing and letter urging the FCC to refresh the record on vMVPDs, the following statement can be attributed to NAB President and CEO Curtis LeGeyt: