Las Vegas, Nevada – The NAB Show, the world's largest annual conference and expo for professionals who create, manage, and distribute entertainment across all platforms, today began with a State of the Broadcast Industry Address from Gordon Smith, president and CEO of the National Association of Broadcasters (NAB) and a slate of sessions showcasing how the media industry's brightest "channel opportunity" in today's rapidly-shifting marketplace. More than 93,000 audio, video, and film content professionals are expected to attend this year's NAB Show, which runs through Thursday, April 10 in Las Vegas.

WASHINGTON, DC -- A bipartisan group of nine members of the House of Representatives have signed on as co-sponsors of a resolution that opposes "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act is now currently co-sponsored by a coalition of 215 Members of the House and 14 Senators. The resolution will achieve a majority of support in the House of Representatives with the co-sponsorship of an additional three Members of Congress.

Las Vegas, NV -- NAB President and CEO Gordon Smith delivered the annual NAB State of the Industry address during the 2014 NAB Show. Below is a transcript of his remarks as prepared for delivery.