COMPETITION
Broadcasting

US radio major CBS has become the first broadcasting corporation to settle with New York Attorney General Eliot Spitzer in his long running payola investigations where record labels have paid to have their records played on the radio – ‘pay for play’. All f the majors have agreed to pay fines and revamp internal rules as a result of their own settlements with Spitzer has since turned his attention to the radio groups.CBS have pledged to introduce more stringent rules regarding the relationships their station managers have with record labels and their promoters, as well as paying $2 million in fines. CBS runs approximately 180 radio stations across the US