Most small internet stations dont pay anything,,, why bother if you only have a handfull of listeners,,, Why not stick to playing independent labels and unsigned artists that arent members of the RIAA or Sound Exchange...... Even playing artists that are not on a U.S label can be a loophole.. This is easy to do if you program a Techno/Dance or Indie Rock format, since so much unsigned material is readily available. If you want to program some kind of CHR current hit station, or current Country, AC,, Etc you probably will have to go legit once you get enough listeners and attract some attention.......
If you are indeed doing a News Talk format, dont worry about it as long as its all your own original material, and not like a syndicated program..... If you wanted to air something like Rush Limbaugh for instance, without permission it probably could get you into some legal trouble if anyone found out, and I doubt you could get granted permission to air such programs without major $$$$$$$$....