U.S. Radio Stations agree on anti-payola settlement

[bradm]

http://www.chron.com/disp/story.mpl/ap/business/4603527.html

WASHINGTON — Radio listeners weary of hearing the same songs over and over may have something to cheer about: Broadcasters have tentatively agreed to anti-payola settlements that could shake up music playlists at some of the nation's largest radio chains.

Four major broadcast companies would pay the government $12.5 million and provide 8,400 half-hour segments of free airtime for independent record labels and local artists, The Associated Press has learned.

The agreement is aimed at curbing payola — generally defined as radio stations accepting cash or other consideration from record companies in exchange for airplay. The practice has been around as long as the radio industry and was made illegal after scandals in the late 1950s.

Aloha,

Brad

Edited March 6, 2007 by Guest