NAB has banner year
Revenue of $60 million projected for FY 2000
By Paige Albiniak -- Broadcasting & Cable, 1/28/2001 7:00:00 PM
It was another banner year for the National Association of Broadcasters, with FY 2000 revenue projected to near $60 million. (Its fiscal year ends April 30, 2001.)
Most of that was earned from the highly profitable NAB convention. Last year's annual confab in Las Vegas pulled in $38.87 million, 5.7% ($2.1 million) over budget. This year, the show is expected to reap $41.58 million, a $2.5 million, or 7%, increase, over projected 2000.
NAB did suffer a loss of $395,000 due to NBC's departure from the association last March. But with $16.1 million in operating income, which brings NAB almost $3 million over budget , the association could afford to lose the network. Had NBC not quit, NAB's TV member dues would have been $200,000 over budget, the report says. Radio dues in FY 2000 totaled $4.15 million, while TV dues were $5.31 million.
Interest is the association's second largest income stream after the convention. The association expects to earn $4.1 million in interest in FY 2001 and $5.5 million in 2002.
The NAB also derives income from the NAB Radio Show, which was held in San Francisco in 2000 and earned $3.19 million. This year, the Radio Show will be held in New Orleans.
National Association of Broadcasters Proposed Annual Budget April 1, 2001-March 31, 2002
| REVENUE | FY 00-01 | FY 01-02 |
|---|---|---|
|
Dues-Radio |
4,149,467 |
4,216,721 |
|
Dues-Television |
5,312,776 |
5,328,860 |
|
Dues-Associate Member |
1,350,000 |
1,390,000 |
|
NAB Convention |
38,871,000 |
41,578,353 |
|
Radio Show |
3,185,628 |
4,620,024 |
|
NAB Services |
1,324,523 |
1,399,000 |
|
Advertising & Event Marketing |
268,700 |
282,000 |
|
Interest |
4,100,000 |
5,500,000 |
|
Other Revenue |
1,105,262 |
949,180 |
|
Total Revenue |
59,667,357 |
65,264,138 |
|
EXPENSES |
||
|
Gov. Affairs |
3,657,329 |
4,106,403 |
|
Legal |
1,731,810 |
1,933,415 |
|
Human Reso Dvlp |
261,790 |
286,510 |
|
Corp. Comm. |
3,458,222 |
3,879,625 |
|
NAB Services |
1,424,836 |
1,453,406 |
|
Advertising & Event Marketing |
282,812 |
297,874 |
|
Science & Technology |
1,134,515 |
1,203,750 |
|
Research & Inform |
1,591,597 |
1,576,902 |
|
Radio |
1,182,936 |
1,249,818 |
|
Television |
1,232,637 |
1,305,402 |
|
Meetings & Conf. |
856,647 |
951,967 |
|
Services |
||
|
Conventions & Expositions |
65,999 |
67,750 |
|
International & Associate |
861,895 |
920,755 |
|
General & Administrative |
11,678,990 |
12,952,203 |
|
NAB Convention |
11,418,283 |
12,348,016 |
|
Radio Show |
2,723,541 |
3,403,802 |
|
Operation Expen. |
43,563,839 |
47,937,237 |
|
Net Oper. Income |
16,103,517 |
17,326,901 |
|
Special Projects* |
4,462,414 |
4,571,395 |
|
NABEF |
892,628 |
825,759 |
|
Net Income |
10,748,475 |
11,929,746 |
*Special projects in the projected 00/01 budget include virtual trade show portal NAB-X; fight over FCC rules requiring radio and TV stations to give rights of reply to opposing sides; appeal of the FCC's low-power FM effort; fight against the Recording Industry Association of America on whether radio broadcasters should have to pay additional copyright fees for streaming their signal on the Web; a white paper researching digital TV transmission standard COFDM; project with the Association of Maximum Service Television to test COFDM against rival standard 8-VSB; and implementation of TV ratings.
2001-02 projects include NAB-X; appeal of the FCC's digital must-carry decision; fight against the satellite industry's challenge to a law requiring satellite TV broadcasters to carry all local TV stations; fight against the Copyright Office's decision that radio stations streaming their signal on the Web must pay additional fees; and an effort to market digital television.
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