Internet Radio Shutdown averted?]

["David Farber" <dave () farber net>]

---------------------------- Original Message ----------------------------
Subject: Internet Radio Shutdown averted?
From:    "Dan Lynch" <dan () lynch com>
Date:    Sun, July 15, 2007 1:29 am
To:      "Dave Farber" <dave () farber net>
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> From Salon:

On Thursday, the House Commerce Committee, chaired by Rep. Edward Markey, a
Massachusetts Democrat, convened an emergency round-table meeting between
both sides in the royalty dispute. At the meeting, SoundExchange agreed to
cap the $500-per-channel fee that had threatened to wipe out Pandora and
other stations that let people tailor radio channels to their taste.
Westergren says the cap "was a precursor to any kind of negotiation, because
that fee was so absurd. It was like a billion dollars for us and other large
webcasters put together every year." Now, stations like Pandora will pay
$500 for each radio channel they send out, with a maximum of $50,000.

More at  http://machinist.salon.com/blog/2007/07/13/internet_radio/

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