Web Radio Seeks Resolution

WEB RADIO SEEKS RESOLUTION
[SOURCE: Washington Post, AUTHOR: Catherine Rampell]
Internet radio webcasters are hoping a Senate hearing today will renew legislators' interest in their negotiations with the recording industry over royalty fees. The hearing, held by the Senate Commerce Committee, will focus on the future of radio, the number of women and minorities who own radio stations, expansion and protection of community radio, and other aspects of a medium that is rapidly changing through technological advances and the recording industry's crumbling business model. The most contentious of these issues, though, involves what online radio stations will pay in order to sustain both innovations in radio and the artists whose music they feature. Webcasters have argued that a royalty fee schedule set by the Copyright Royalty Board last spring would put online radio stations, and the independent musicians whose work they often play, out of business. This spring, legislators from the House and Senate proposed legislation to set Internet radio royalty rates at the lower levels used for satellite radio and jukeboxes, but then asked webcasters and copyright holders to try to negotiate a compromise. Webcasters have been negotiating since July with SoundExchange, the organization that collects royalties on behalf of music copyright owners, over a new fee schedule. Webcasters say they are growing impatient with delays in the discussions.
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/23/AR200710...
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