Internet Radio Lives to Fight Another Day
CNET News is reporting that the Senate has passed the Webcaster Settlement Act, the legislation that lays the groundwork for Web radio stations to negotiate reduced royalty rates for the songs they stream over the Internet.
The bill had already passed the House on Saturday; now President Bush is expected to sign it. “I’m relieved, optimistic, and grateful to our listeners,” said Tim Westergren, founder of Pandora, the Web radio station that’s been at the center
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