Gordon Smith Keynote at 2020 NAB Show Express Washington, D.C. -- National Association of Broadcasters President and CEO Gordon Smith delivered the annual NAB Show State of the Industry address during NAB Show Express, taking place May 13-14. The online event features more than 100 live and on-demand sessions, as well as an exclusive Solutions Marketplace, available at nabshowexpress.com. Below is a transcript of Smiths remarks as prepared for delivery.
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I'd like to thank all of you for joining us for NAB Show Express. This is a new format and new experience for all of us. And while we can't wait to be together again in Las Vegas next year, we plan to share many new digital Show offerings with you in the future.
I particularly want to take a moment and thank the companies that support the broadcasting business - our exhibitors. Without you, our Show would not be what it is. We are particularly grieved not to have in-person exhibits this year. We are all enduring this hardship together, and we appreciate those of you who have been, and will continue to be, NAB Show partners.
This current health crisis is an unprecedented time for our business for our country and even our world. Most of us have never lived through a global pandemic of this nature. It is impacting literally everything we do - from our families, to our friends and of course our businesses and our livelihoods.
I have talked to many of our broadcaster members during the past two months, and I have felt their pain and empathized with the very difficult decisions they are making. Some have had to take out loans to make payroll. Some have had to let go of trusted and capable staff. And some I am very sorry to say, have had to close their doors entirely.
We don't know how long this pandemic will last, or what the lasting effects of it might be on our economy. But there is one thing I do know broadcasters endure. Right now, you are in the darkest valley, but know that for most Americans, you are their beacon of light and hope. You are on the front lines of this battle, and I want you to know that NAB stands together shoulder to shoulder with you.
It is a bit ironic, or maybe fortuitous, that this year, we are celebrating the 100th anniversary of broadcasting, and the story of our great industry is one rooted in keeping our communities safe, informed and connected. It is interesting to note that during the time of the first commercial radio broadcast from KDKA in Pittsburgh in 1920, America was just coming out of another pandemic -- the 1918 Spanish flu.
Throughout the last century, America's local radio and television broadcasters have been there to provide a reassuring voice and a sense of community during our nation's most harrowing days.
Now, as the world faces an uncertain situation with the COVID-19 pandemic, your work is more important than ever.
Whether it's providing the trusted journalism that is keeping our communities informed or providing access to our nation's leaders and medical experts to help us better understand the crisis, you are protecting lives.
Broadcasters feel the suffering of their communities and have stepped up like never before to support small businesses and local restaurants, raise funds for those who have lost their jobs and help feed the hungry.
You're also partnering with schools to allow teachers to assist children who have had their lives turned upside down and now must transition to virtual classrooms in the home.
The response from broadcasters - who themselves are fighting for their lives and livelihoods - has been nothing short of phenomenal.
We are incredibly grateful to all the stations who are airing NAB's spots to help stop the spread of COVID-19, donating nearly 100 million dollars worth of airtime so far.
But your commitment goes far beyond airing public service announcements. You are not simply helping your communities stay healthy, you are offering them hope. You are giving them a literal lifeline. You are a connection when Americans are desperately seeking ways to stay connected. And this is what broadcasters have done for 100 years.
We know this is likely the most challenging time local stations have ever encountered. This pandemic has crippled our nation's economy and our industry has not been spared. Broadcasters are confronting plummeting advertising sales and enormous operational challenges. And yet, stations are doing what they do best: delivering the trusted and lifesaving information your communities need.
We know you cannot rest, and we won't either.
NAB is working around the clock to deliver meaningful relief for the industry. And, we have appreciated the hard work and support of our state broadcast associations in our advocacy efforts. This includes urging legislators to allow local stations to apply for forgivable loans and to ensure the money the federal government is spending to advertise its programs is directed to local media. We have broad bipartisan support across Congress on these initiatives.
We are working closely with regulators as well, addressing areas of need for radio and TV stations, allowing you to focus on your role as first informers.
I am pleased that the FCC heard our concerns and has announced multiple extensions of deadlines, clarifications and exceptions to existing policies.
We won't stop fighting for you and the relief you need to stay on the air.
Our great industry has endured for the past hundred years because of the indispensable and irreplaceable role broadcasters play in every town and city across the nation. And we will endure for at least 100 more, because you are the backbone of our country. You are truly what makes America great. And we are in this together.
I am reminded of a quote by American poet Theodore Roethke, In a dark time, the eye
