This comes after Yahoo! and AOL are considering shutting down their Internet radio operations after a 38 percent increase in royalties to air their music. Both are reportedly losing money, as well as other operations, and with still no firm agreement on a model that will work for Sound Exchange and web carriers, Internet radio once again may be on the road to extinction.
Hold on just a minute: Didn't the large webcasters and the major labels come to an agreement last August? What is going on here? It looks like the major webcasters made a very bad deal - one that could put them out of business. And thus, have no one to blame but themselves for letting the deviants at Sound Exchange take them for a ride.
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