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Submission + - Big Radio Settles Payola Charges

vivaoporto writes: "As seen on Forbes, The Washington Post and The Los Angeles Times, the four broadcast conglomerates (Clear Channel Communications, CBS Radio, Entercom Communications and Citadel Broadcasting), which together own more than 1,500 stations, have agreed to pay hefty fines and to provide air time for local artists and independent record labels. as a settlement with the FCC. The radio chains, which didn't admit wrongdoing, are to pay a collective $12.5 million in fines and dedicate a total of 8,400 half-hour segments to independent music over the next three years. (Indie labels, for purposes of the settlement, are those not owned or controlled by one of the nation's four dominant music labels — Sony BMG, Warner Music Group, Universal Music Group and EMI Group)"

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