Warner Music to Pay $5M in New York "Payola" Probe
A Reuters newswire article, via C|Net News, reports that:
Warner Music Group, one of the largest U.S. record companies, will pay $5 million to settle a New York state probe into how it influenced which songs are played on the radio, New York State Attorney General Eliot Spitzer said on Tuesday.
The probe involved "pay-for-play" practices, commonly known as "payola," in which companies are accused of paying radio stations or promoters to secure air time for songs.
In July, Sony BMG agreed to pay $10 million to settle a related pay-to-play probe.
Warner Music agreed to stop making payoffs in return for airplay, and fully disclose all "items of value" provided to radio stations, Spitzer said. It also issued a statement acknowledging its "improper conduct," the attorney general said.
posted by Fergie @ 11/22/2005 11:48:00 AM
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