In an ex parte filing, LeGeyt and colleagues summarized their September 22 meeting with Trusty, which was centered around the tentpole of how local radio ownership caps have not changed since before the rise of streaming, social media, digital ad giants, and smart devices. The NAB delegation told Trusty that allowing broadcasters to own more stations in a market would give them the flexibility to diversify formats. BIA projects radio ad revenue will fall nearly 30% from 2007 levels by 2025, while Borrell Associates estimates broadcasters capture just 15% of local digital ad dollars. LeGeyt also stressed changes to both the national cap and local rule for television operators. The FCC’s next Open Meeting is scheduled for Tuesday at 10:30a ET.