Broadcaster
Broadcaster means an entity that:
(i) Has a substantial business owning and operating one or more terrestrial AM or FM radio stations that are licensed as such by the Federal Communications Commission;
(ii) Has obtained a compulsory license under 17 U.S.C. 112(e) and 114 and the implementing regulations therefor to make Eligible Transmissions and related ephemeral recordings;
(iii) Complies with all applicable provisions of Sections 112(e) and 114 and applicable regulations; and
(iv) Is not a noncommercial webcaster as defined in 17 U.S.C. 114(f)(5)(E)(i).