The deal allows Clear Channel to save money in the fast-growing, but unpredictable, world of Internet radio, while giving Taylor Swift and her label access to an income stream in traditional radio they have long coveted.
LOS ANGELES (AP) -- Taylor Swift's record label has cut a groundbreaking deal with radio giant Clear Channel that pays the singer and other artists more money now and paves the way for the growth of online radio....
By Spencer Osborne: Music royalties as we know them may make a dramatic shift in 2012 and any company that pays music royalties will want to keep abreast of any news surrounding the issue. Over the past decade the music business has changed dramatically. We have moved from terrestrial radio to satellite radio and Internet streaming. We have moved from buying an entire album because you like one song to simply buying only the song you like.
Rocco Pendola submits:A label exists for people who become infatuated with radio in youth, obsessively call into stations, and eventually, in their teenage years, land an on-air gig at a commercial station. That label is radio geek. I am a radio geek. As a radio geek, the developments of the last several years represent nothing short of a dream come true.
Clear Channel Communications, the largest radio station operator in the United States, dismissed dozens of local D.J.'s this week, saying the cuts were part of a reorganization of its roughly 600 regional radio stations.
By Spencer Osborne: In the past decade there have been more changes in audio entertainment than in the three previous decades. Satellite radio, HD Radio, Internet Radio and greater smart phone integration have all combined to give consumers more choices than they ever had before.
By Spencer Osborne: I have been invested in satellite radio for quite some time. As a fan of the service I have enjoyed Sirius XM (SIRI) for many years. As an investor, I have found it quite revealing to observe the competition, and I have recommended many times that investors not only try other new services, but spend time listening to terrestrial radio as well.