ASCAP Adjustments

IN ADDITION TO THE ANNUAL MONTHLY ALLOCATION OF THESE FEES, THE TVMLC CALCULATES AN ASCAP ADJUSTMENT APPLICABLE TO DECEMBER OF EACH YEAR.  THAT ADJUSTMENT REWARDS STATIONS THAT FULLY SUPPORT THE COMMITTEE THROUGH CONTRIBUTIONS.  THIS COURT APPROVED ADJUSTMENT IS DESIGNED TO EQUITABLY DISTRIBUTE THE COST OF OPERATING THE COMMITTEE AMONG ALL OF THE STATIONS THAT QUALIFY FOR THE INDUSTRY WIDE LICENSES NEGOTIATED BY THE TVMLC.  CHARGING ADDITIONAL FEES TO THOSE STATIONS THAT CONTRIBUTE LESS THAN THE INDUSTRY AVERAGE FUNDS THE ASCAP CREDITS TO THOSE STATIONS THAT EXCEED INDUSTRY CONTRIBUTION AVERAGES.