Submitted: October 1, 2008 - 6:40pm
Last updated: October 1, 2008 - 6:40pm
Internet radio operators expressed cautious optimism regarding congressional approval of a deal designed to help them survive a recent steep hike in royalty rates. "This legislation is not the final answer, but it is an essential step toward a lasting and much-needed solution," said SaveNetRadio spokesman Jake Ward in a statement Wednesday, referring to Senate approval of the Webcaster Settlement Act of 2008.