RIAA, Clear Channel Weigh in On Anti-Payola/consolidation Bill

More reaction to Sen. Russ Feingold’s anti payola/consolidation bill continues to be heard. RIAA Chair/CEO Hilary Rosen supports the measure, saying “It takes the necessary first step toward ensuring diversity of programming on radio stations by preventing abuse of independent promotion through unprecedented increased radio ownership consolidation.”
Clear Channel disagrees, with Mark Mays, President/COO stating radio isn’t the only business that’s consolidating to save money. “Five major players who control 84% of all album sales, for example, now dominate the record business. And in the movie industry, the 10 largest studios account for almost 100% of the revenues.”