Corporation for Public Broadcasting Accelerates Station Conversions to HD Radio Broadcasting
- For Immediate Release on September 22, 2005
Over 800 Additional Stations to Receive Funding for HD Radio Technology
PHILADELPHIA - National Association of Broadcasters Radio Show - September 22, 2005 - The Corporation for Public Broadcasting (CPB) and iBiquity Digital Corporation, today announced an agreement that will accelerate the conversion of over 800 AM and FM CPB-funded stations to iBiquity's digital HD Radio broadcasting.
Under the agreement, CPB will purchase a group license that will allow more than 400 CPB-funded public radio stations to acquire iBiquity's digital HD Radio technology. This group license will also cover costs associated with the technology's advanced services such as multicasting and datacasting. Previously, CPB provided funding to approximately 400 local public radio stations for their digital conversions.
"This historic agreement will give the overwhelming majority of public broadcasters the resources they need to pursue digital HD Radio broadcasting and leverage the full range of capabilities made possible by the system," said Patricia Harrison, CPB president and CEO. "For the millions of public radio listeners, this will mean dramatically improved sound quality and a greater variety of music, news and information choices on their favorite public radio stations."
"CPB has long demonstrated itself to be an advocate of new technologies, and it played a critical role in helping early public radio station pioneers secure the funding needed to pursue a digital future," said Robert Struble, president and CEO of iBiquity Digital Corporation. "With today's announcement, CPB has taken that commitment to another level and ensured that most of the nation's public radio listeners will be able to benefit from all of the exciting services made possible by digital HD Radio technology."
About iBiquity Digital
iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S. HD Radio is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception, multicasting and advanced data services such as real-time traffic updates. Over 2,800 radio stations in the U.S. are in the process of converting to the HD Radio system with more than 500 HD Radio broadcasters currently on the air. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. Named one of Deloitte's Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ. For more information please visit: www.ibiquity.com.
Ogilvy Public Relations
The Corporation for Public Broadcasting (CPB), a private, nonprofit corporation created by Congress in 1967, is the steward of the federal government's investment in public broadcasting. It helps support the operations of more than 1,400 locally-owned and -operated public television and radio stations nationwide, and is the largest single source of funding for research, technology, and program development for public radio, television and related online services.
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