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
- The ‘Enshittification’ of Radio – Hedge Funds Next Moves
- My NYU Students Are About to Surprise Media Execs
- Beasley Kicks a Beasley to the Curb
- SiriusXM’s Last Chance
- iHeart Lenders Turn on Each Other
- Podcasting is Becoming Streaming Music
- The Efficacy of Pop-Up Stations
- Audacy’s Turnaround Hopes
- Radio’s Self-Inflicted Wounds
- What’s Next for AM Radio