Ballooning Royalty Rates Chase Yahoo Radio Into the Arms of CBS
Yahoo is plugging its Internet radio service into CBS’s webcasting network in a move driven by dramatically higher fees for airing music online. Yahoo’s retreat from operating a standalone service, announced Wednesday, makes it the second major Web site this year to flee the rising royalty rates by hitching its radio service to CBS. AOL Radio, owned by Time Warner, hooked up with CBS in June. Yahoo’s radio channel, called “Launchcast,” will combine with CBS beginning in February.
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Ballooning Royalty Rates Chase Yahoo Radio Into the Arms of CBS
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