So, at the 11th hour, it would appear that internet radio may yet survive. Apparently some of the larger companies, plus the CRB and Sound Exchange (the Sopranos of the RIAA) all got together in front of a congressional subcommittee. The committee was less than impressed with the rate hike proposal. Their message to both parties, "work it out amongst yourselves or we'll legislate it." Clearly their words struck fear into the hearts of everyone present. Sound Exchange agreed to hold off on breaking kneecaps as long as broadcasters were in legitimate negotiations with them. Internet broadcasters rushed to the bargaining table pushing for a compromise deal that will have them paying out a percentage of their revenue. That way, both large and small companies will have room to breathe. We'll see... Check out this article to bring you up to date on the fast-developing issue.
"On Monday, the music won’t die. But those involved in this fascinating issue should look beyond this week to think about the future of a democratic Web app many people take for granted. It’s not enough to clink glasses and cheer the temporary reprieve; it’s more important for Net radio companies to work closely with Congress to find the right way to pay musicians in this increasingly digital age."