Internet Radio Organizes Fight for Lower Web Royalties

Pandora, Clear Channel among founding members

Internet radio services like Pandora may be popular, but they haven't been profitable, largely because of crippling music royalties. Hoping to turn around a lousy business model, Pandora and Clear Channel—along with 11 other Internet radio companies and trade associations—have formed the Internet Radio Fairness Coalition.

The group is putting its muscle behind a new law introduced last month that would reset rates for streaming music on the Internet. Introduced by Reps. Jason Chaffetz (R-Utah), Jared Polis (D-Co.),

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