The Minority Media and Telecommunications Council (MMTC), through its Ownership Diversity Initiative, is well on the way toward its goal of incubating minority and women-owned broadcast stations, thanks in part to generous donations by Clear Channel.
Earlier this week, MMTC closed on its acquisition of Tampa-market WLCC and Augusta, GA-market WNRR — two of the seven stations donated to the organization by Clear Channel. According to David Honig, MMTC’s president, these acquisitions are historic as they represent the first times that women and Hispanic broadcasters are operating and running WLCC. “Through the donations, we have the opportunity to mentor these new owners and continue to help them to lead the next generation of minorities and women in broadcasting,” said Honig.
MMTC has also received 152 low-powered television (LPTV) stations from Trinity Broadcasting Network, the transfer of which was filed yesterday with the FCC. Of the recent acquisitions, Honig noted that MMTC is “having incredible success with our broadcast station donations.”
According to Honig, through the Ownership Diversity Initiative, MMTC is “affording ownership and training opportunities to minorities and women – helping them make the daunting transition from management to entrepreneurship to ownership.” This initiative also makes it possible for “new broadcast station owners and owners-in-training [to] participate in an incubation program where each is mentored and trained for success as a hands-on business operator.”