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Sunday, July 15, 2007

Internet Radio

Here is a letter from the CEO of Live 365 one of the internet radio websites that provides space and bandwith to small time internet radios stations.

Thanks to you, we're still on the air!

With the deadline upon Internet radio to pay the new royalty rate, Congress weighed in at the last minute to break the logjam in royalty rate negotiations and successfully pressured SoundExchange to give webcasters more time to negotiate. SoundExchange promised Congress that it would not initiate enforcement actions on July 15th provided that webcasters continued good faith negotiations. You can count on Live365 to stay at the negotiating table until this is finished! Your calls and letters to Congress are making a huge difference! Thank you! We'll keep you posted on the progress.

Thank You,

Sincerely, Mark
N. Mark Lam
CEO of Live365

So it isn't a done deal, and until it is I am going to sit on the sideline before I put some money into an internet blues radio station. If they can come up with a deal, then the Iowa Blues Showcase will go on the air.

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