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Work in Progress: Internet Radio Update

By Dawn Morgan on Fri, Jul 13, 2007 at 10:27 pm

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Net radio hasn't been saved yet, but its demise won't be Monday, according to Wired.com.

Because negotiations are under way between SoundExchange (the nonprofit offshoot of the RIAA that collects royalties from digital media), payment has been postponed until an agreement has been worked out. This gives Congress time to work on passing the Internet Radio Equality Act.

Also, the House Small Business Committee yesterday introduced H.R. 3015, which gives small webcasters a 60-day grace period before SoundExchange can send their collection agencies a'knockin.

Committee Chairwoman Nydia VelÃ¡zquez said of the bill: "There has not yet been an agreement reached that provides fair compensation to artists while allowing broadcasters to stay on the air without excessive fees."