Copyright Holders Make Nice with Web Radio

Looks like you won't need to delete that Pandora app from your iPhone after all.

Internet radio outfits finally struck a revenue-sharing deal with copyright holders, apparently defusing the fear that the previous fee structure would jeopardize the whole web radio shabang.

Back in the spring of 2007, the federal Copyright Royalty Board more than doubled royalty fees on net radio stations for playing songs, arguing that the industry had to pay artists and labels. Many of those companies claimed that the new fees would erase nearly all revenue for their operations and put them out of business. ...