New rates for web radio

HOUSE APPROVES ROYALTY SCHEDULE FOR WEB RADIO OPERATORS

The U.S. House of Representatives has approved an arrangement that will allow smaller Web radio stations to pay a percentage of revenue or expenses (whichever is larger) rather than a flat per-song rate of .07 cents a song as was set by the Library of Congress. The deal still has to go to the Senate, but approval there seems highly likely. (Reuters/USA Today 9 Oct 2002)