You remember several years ago, in 2005, former Attorney General, now New York Governor, Eliot Spitzer caught several major labels and major radio companies with hands in each others’ cookie jars engaging in payola-- receiving payments from record companies to play certain records?* Sure you do, his investigation garnered national headlines and resulted in fines and penalties from several major labels that exceeded $30 million.
Earlier this year, the Federal Communications Commission joined the fight announcing a settlement with Clear Channel and three other major radio networks after an investigation into the same payola allegations raised by Spitzer’s investigation.
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Friday, June 22, 2007
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