congress okays webcasting deal
Excellent news! Small Internet radio stations will face lower royalty payments under a deal just approved by the US Senate and House of Representatives in a late-night portion of its lame duck session. Small Webcasters had feared that royalty rates set by the Library of Congress would force them out of buisiness, but the new regulations would enable a deal worked out between the Webcasters and copyright holders to take effect. Stations unable to afford the official rates could pay no more than $2,500 annually, or a percentage of their revenues. Nonprofit broadcasters such as college and religious station can also work out a separate deal under the legislation.