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 When you can't figure out how to make money, what do you do? Why, you lobby for the government to make the market give you money, of course!
The National Association of Broadcasters is lobbying Congress to stipulate that FM radio technology be included in future cell phones.In exchange, the NAB has agreed that member stations would pay about $100 million in so-called performance fees to music labels and artists. Radio stations would be required to pay performance royalties on a tiered schedule with larger commercial stations paying more than smaller and non-profit stations. Obviously, broadcasters have thrown in the towel and have lost all creativity. Anyone in business who turns to the government to coerce the market so that they can stay in business is, well, more politician than businessman/woman.(And if your government has the ability to mandate undesired requirements to the market, then it has way too much authority. Time to shrink it.) |
by Brett Rogers, 8/24/2010 10:31:12 AM
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