Congress Stalls on Economy but Moves on Net Radio Royalties
The weekend media spotlight was on the heated Congressional negotiations that produced a financial bailout bill, which promptly went nowhere. But hidden somewhere in the static of dealmaking, rhetoric and counteroffers was a strong signal of support for Internet radio. The Webcaster Settlement Act of 2008 passed the House on Saturday and was scheduled for a vote in the Senate on Monday. Although it doesn’t rank on the priority scale with keeping the U.S. economy from riding off its rails, the bill is the result of similarly tough negotiations.
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Congress Stalls on Economy but Moves on Net Radio Royalties
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