Source:
Radio & RecordsThe U.S. District Court of Appeals for the D.C. Circuit has denied a petition submitted by webcasters for an emergency stay, according to the SaveNetRadio coalition. The stay, if granted, would have delayed the July 15 deadline for royalty payments owed by webcasters to SoundExchange as part of a May 1 rate increase by the Copyright Royalty Board.
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The organization is asking supporters to contact congressional representatives and put the Internet Radio Equality Act (H.R. 2060 and S. 1353) to an immediate vote. The bill would vacate the Copyright Royalty Board's decision and set a 2006-2010 royalty rate at the same level currently paid by satellite radio, which is 7.5% of revenue. Read more:
http://www.radioandrecords.com/RRWebSite/
It's really incredible to me .... the Bush administration is doing everything it can to hurt this segment of the business industry, while they prop up everything else.