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Payola settlement around the bend?
A major payola settlement is expected to be announced in the near future between the FCC and CBS Radio, Clear Channel, Entercom and Citadel. The four major ownership groups have agreed to a tentative settlement which would pay out $12.5 million to the U.S. government. Additionally, the companies' stations would offer 8,400 half-hours of free airtime to independent and local artists across a wide range of genres including Country, Hip-Hop, Rock and more. FMQB can confirm that the time devoted to independent artists would be required to air between 6 a.m. and midnight.
FCC sources tell Business Week that the final language of the agreements have yet to be approved and that the payment deal is separate from the airplay agreement. The ownership groups and the American Association of Independent Music (A2IM) have also agreed upon "rules of engagement" for the future interaction. "Independent" artists would apparently be defined as those who are not on one of the "big four" record labels.
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JV
What gets us into trouble is not what we don't know...it's what we know for sure that just ain't so
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03-05-2007, 07:16 PM
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