Four Groups Settle Radio Payola Investigation

FOUR GROUPS SETTLE RADIO PAYOLA INVESTIGATION
[SOURCE: Broadcasting&Cable, AUTHOR: John Eggerton]
The FCC is close to a deal with four major radio station group owners to resolve a portion of the commission's radio payola investigation. The agreement would, in part, settle the investigation that stemmed from a number of consent decrees between record companies and New York State over various pay-for-play radio schemes. According to an FCC source, Clear Channel, CBS, Intercom and Citadel have agreed to pay a combined $12.5 million In a side agreement, they agreed to provide air time to independent artists represented by the American Association of Independent Music (A2IM).
http://www.broadcastingcable.com/article/CA6421668.html?display=Breaking...

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