What goes around, comes around.
Really, wasn't this predictable? Glad to see the repercussions, though I suspect that's a drop in the bucket with these companies. Still, more indie music is a good thing, even if it has to be court ordered.
Sigh.
Sigh.
clipped from www.ew.comBroadcasters to pay indies in payola settlement
The four major radio broadcasters and the Federal Communications Commission are finalizing a payola settlement that will have Clear Channel Communications, CBS Radio, Entercom Communications, and Citadel Broadcasting paying a $12.5 million fine and guaranteeing 8,400 half-hour segments of free airtime for indie record labels and local artists. The settlement defines ''indie'' labels as those not owned or controlled by Sony BMG, Warner Music Group, Universal Music Group, or EMI Group. The broadcasters are not acknowledging guilt in the case, which followed an ongoing federal investigation into payola practices and other settlements, totaling more than $36 million. (Hollywood Reporter)
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