CBS Radio Settles Payola Case
State Attorney General Eliot Spitzer has announced a settlement with CBS Radio, Inc., and a decision by the New York Supreme Court sustaining the Attorney General’s lawsuit against radio conglomerate Entercom Communications Corp. Spitzer’s investigation revealed that certain stations owned by CBS Radio openly solicited illegal financial benefits, expensive vacation packages, gift cards and other valuable items from record...
Music Labels Score Big From YouTube Sale To Google
Vivendi’s Universal Music Group, Sony and Bertelsmann’s jointly owned Sony BMG Music Entertainment and the Warner Music Group are set to cash in from Google’s $1.65 Billion dollar buyout of YouTube. Each adroitly negotiated to take small stakes in YouTube as part of video and music licensing deals they struck shortly before the sale. The music companies collectively stand to receive as much as $50 million from these...
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