Senate Committee Holds Hearing On Auto Dealership Closing

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The Senate Commerce Committee has penned in Wednesday, June 3, as the date for a hearing on the closure of GM and Chrysler dealerships.

Those closings could potentially have a bit impact on local TV stations and cable systems for which local car ads are one of the largest ad categories, though there is some debate on just what and how big that impct will be.

Some argue it could mean to more shuttering of local news. One broadcaster, Allbritton, to help out its local dealers even gave its employees money to buy new or used cars, so long as they spent it at a dealer in their local markets.

The hearing will include executives from GM and Chrysler and local dealers. The companies are planning to close about 1,900 dealerships.