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http://www.vnuemedia.com/bb/login/l...O+XcjTu7fOQZDsHMmQbTPPJt1ncK9DfFgx9EA9+EUktkp
CBS Radio Settles Payola Allegations
October 19, 2006 -Mike Boyle, N.Y.
EXCERPTS THAT BILLBOARD LETS YOU READ WITHOUT SUBSCRIPTION:
* Under the terms of the settlement, CBS Radio has agreed to undertake company-wide reforms, including the immediate cessation of receiving payments and other inducements from record labels in exchange for airplay, discontinue using independent promoters as a pass-through for securing airplay, hire a compliance officer to monitor promotion practices, and implement an internal system to detect any future abuses.
HOW ABOUT THE FACT THAT THEY HAVE FIRED A NUMBER OF EMPLOYEES RECENTLY
* CBS Radio will also make a $2 million payment, which will be distributed through the Rockefeller Philanthropy Advisors, to New York State not-for-profit entities to fund music education and appreciation programs.
IF THIS IS TAX DEDUCTABLE IT MEANS THEY NEVER GOT FINED.
* 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 labels in exchange for playing the labels' songs
NO KIDDING? GEE, TELL US SOMETHING WE DON'T KNOW
http://www.vnuemedia.com/bb/login/l...O+XcjTu7fOQZDsHMmQbTPPJt1ncK9DfFgx9EA9+EUktkp
CBS Radio Settles Payola Allegations
October 19, 2006 -Mike Boyle, N.Y.
EXCERPTS THAT BILLBOARD LETS YOU READ WITHOUT SUBSCRIPTION:
* Under the terms of the settlement, CBS Radio has agreed to undertake company-wide reforms, including the immediate cessation of receiving payments and other inducements from record labels in exchange for airplay, discontinue using independent promoters as a pass-through for securing airplay, hire a compliance officer to monitor promotion practices, and implement an internal system to detect any future abuses.
HOW ABOUT THE FACT THAT THEY HAVE FIRED A NUMBER OF EMPLOYEES RECENTLY
* CBS Radio will also make a $2 million payment, which will be distributed through the Rockefeller Philanthropy Advisors, to New York State not-for-profit entities to fund music education and appreciation programs.
IF THIS IS TAX DEDUCTABLE IT MEANS THEY NEVER GOT FINED.
* 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 labels in exchange for playing the labels' songs
NO KIDDING? GEE, TELL US SOMETHING WE DON'T KNOW