House Speaker Nancy Pelosi has recently come out in favor of repealing radio's performance tax exemption.
No matter what you may personally think of Pelosi, she is very powerful and that delicate standoff in the House that slightly favors radio retaining its exemption is now in jeopardy.
I'll go a little further.
It's only a matter of a short time before radio will be paying more money to artists in addition to the fees it already pays ASCAP, BMI and SESAC without the current free pass.
As I've said many times before, this is unfortunate. The radio industry is single-handedly responsible for many decades of&hellip
- Dickey's Resignation from the Cumulus Board
- The Epidemic of Shorter, Cheaper Spots
- Entercom Planning 2 Major Surprises
- Radio's 2 Biggest Problems
- iHeart's Soaring Stock
- Changing How Radio Engages Listeners
- iHeart Major Market Fail
- Competing in Radio After Entercom/CBS
- iHeart's Plan to Dupe Lenders
- Chuck Berry