An FCC advisory committee voted Monday for actions billed as help...

that the agency set up an event in New York early in 2008 for minority-group members to meet Wall Street and other investors interested in financing media and telecommunications deals, said committee chairman Henry Rivera. FCC Chairman Kevin Martin told the committee he would try to attend the gathering, the idea for which was first raised by Commissioner Deborah Tate, said Rivera, a commissioner from 1981 to 1985. The FCC commissioners will be invited to the event, where the advisory committee will hold its next meeting, Rivera said. He said Martin sought committee suggestions on a rulemaking that aims to help minorities buy radio and TV stations. If the chairman issues a further rulemaking notice on how to define small, disadvantaged businesses for purposes of commission rules, the subcommittee would consider recommendations, Rivera said. The definition is part of a minority media ownership rulemaking that Martin has set for a vote by the commissioners Tuesday. (See separate report in this issue.) The advisory group also voted on two low-power FM recommendations, said Rivera and Media Access Project President Andrew Schwartzman, also a committee member. The committee unanimously endorsed a recent FCC recommendation that Congress eliminate third-adjacent channel protection rules limiting the amount of spectrum available to LPFM licensees, they said. Another recommendation would allow full-power radio stations to move between cities in their markets but in some cases require them to underwrite some costs of licensing and building an LPFM station. One member abstained from a vote on the second LPFM recommendation, Rivera added.