Four of the six largest radio consolidators have settled with the FCC over alleged payola practices according to the Associated Press. That means Entercom pays $4 million. Clear Channel $3.5 million. CBS $3 million and Citadel $2 million. Previously New York Attorney General Eliot Spitzer collected $30 million from the big four record labels and another $6.25 million from CBS and Entercom. Spitzer has been critical of the FCC for doing nothing.
But early reaction to the deal seems to be positive. I wish I&hellip
Recent Posts
- Urban One’s High Risk Bet
- Beasley Risks Screwing Their Lenders
- Kelli Turner Unleashed
- iHeart’s Digital Shell Game
- Beasley’s Unproven AI Sales Bet
- Saga Savings Warning
- Townsquare’s Digital Ceiling
- What My Gen Z Students Told Me About Radio
- Radio’s Programmatic Pricing Gamble
- Nielsen’s Shrinking-Market Squeeze