House Committee Holds Internet Radio Royalty Hearings
Now that the Day of Silence by online radio broadcasters has concluded, The House Small Business Committee is now ramping up the process of Internet Radio Royalty Hearings. The hearing, dubbed “Assessing the Impact of the Copyright Royalty Board Decision to Increase Royalty Rates on Recording Artists and Webcasters,” begins today on Capitol Hill. Lawmakers have taken note of the Day of Silence effort and the bipartisan...
Bain Capital Partners Purchases Guitar Center for $1.9 Billion
Guitar Center has agreed to be acquired for $1.9 billion by Bain Capital Partners, LLC, a global private investment firm. The total transaction value, including assumed debt, is approximately $2.1 billion. Under the agreement, stockholders will receive $63.00 per share of Guitar Center stock — a 26 percent premium over the $50.06 that the retailer’s shares closed at yesterday on June 26, 2007. In early trading following...
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