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Payola Settlement For CBS
10/20/06
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(TuneLab) CBS Radio has settled with New York State Attorney General Eliot Spitzer over payola allegations. The radio giant has agreed to pay out $2 million, which will be distributed through the Rockefeller Philanthropy Advisors, to not-for-profit entities to fund music education and appreciation programs in New York.

The company has also agreed to undertake company-wide reforms, including immediately stopping the receiving of payment from labels for airplay and the discontinuing of the practice of using independent promoters.[see full story for more - so they settled for about the cost of "promoting" 2 song *(according to estimates)] - Click here for the Full Story

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