Warner Music Group Corp. has agreed to pay $5 million to settle an investigation into payoffs for radio airplay of artists, New York Attorney General Eliot Spitzer said Tuesday. Warner is the second major recording company to reform and settle with Spitzer in a practice the attorney general called industrywide. The money that Warner Music has agreed to pay will be distributed by the Rockefeller Philanthropy Advisors to New York State to fund music programs in the state.
Warner Settles in Spitzer 'Payola' Probe
The Associated Press
November 23, 2005