Federal regulators last week announced an unprecedented settlement with four radio broadcast companies on charges of accepting cash and merchandise from record companies in exchange for airplay. The broadcasters -- Clear Channel Communications, CBS Radio, Entercom Communications and Citadel Broadcasting -- will pay a $12.5 million fine and agree that their 1,653 stations won't engage in "payola" practices, according to a consent decree with the Federal Communications Commission.
April 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal regulators Friday announced an unprecedented settlement with four radio broadcast companies on charges of accepting cash and merchandise from record companies in exchange for airplay.
The four broadcasters will pay a $12.5 million fine and agree that their 1,653 stations won’t engage in “payola” practices, according to a consent decree with the Federal Communications Commission.
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