Tuesday, November 22, 2005

Warner to Pay for Payola in New York

From Yahoo!:

Warner Music Group Corp., one of the largest U.S. record companies, will pay $5 million to settle a New York state probe into how it influenced which songs are played on the radio, New York State Attorney General Eliot Spitzer said on Tuesday. The probe involved "pay-for-play" practices, commonly known as "payola," in which companies are accused of paying radio stations or promoters to secure air time for songs.

...The $5 million will be used to fund music education and appreciation programs, Spitzer said.
If I were the CEO of Warner Music Corp., I would pay the fine in pennies.

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