June 22, 2002

Internet radio stations killed by new fees.

The Register reports that internet radio stations are shutting down due to new fees that they must pay the RIAA: Under the revised fees published by the Library of Congress yesterday, SomaFM says it would need to find $15,372 in additional RIAA royalties - or $7.69 per listener per month. That's on top of other royalties and overheads. Analog radio broadcasters don't need to pay this fee.

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