07 March 2007

Payola 2.0

The broadcasters represent four of the six largest radio firms in the U.S. and own a combined total of 1,653 stations. The cash breakdown on the settlement is Entercom, $4 million; Clear Channel, $3.5 million; Citadel, $2 million; CBS, $3 million.

Anti-payola settlement reached - expect nothing to really change.

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