Even a politically ambitious New York Attorney General, Eliot Spitzer, couldn't stop payola. Congress has never been able to. Radio never wanted to. And record labels still in their heart of hearts believe it's just the price of doing business. So the latest news that CBS has settled its problem with Spitzer in exchange for a $2 million charitable donation while admitting to payola practices should appear to be another nail in the coffin of this "dreaded disease". Clear Channel, Emmis and Cox are among the major groups to be subpoenaed as part of Spitzer's jihad. Entercom is fighting Spitzer but hasn't had much success so far. So&hellip
Recent Posts
- AI Insights from My NYU Music Business Class
- Cumulus Just Blinked
- Urban One’s Nuclear Option
- Inside iHeart’s “Guaranteed Human”
- iHeart Mismanagement Exposed
- The Trojan Horse Deal to Rope in Station Buyers
- iHeart Cooked the Essential AM/FM Car Study
- How iHeart Blew the TuneIn Deal
- The Perfect Buyer Waits for Cumulus
- Beasley Asset Sales Plausible