Net Radio Collapsing Under Ruling

The internet radio industry was dealt a sharp blow yesterday when the Copyright Royalty Board refused to reconsider a ruling that sharply raised the royalties internet stations must pay to artists and record companies. Most internet stations such as 365Live.com now say they will not be able to go on under the new rules. Some of my personal favorite stations have already folded. Gaydar Radio is now free only in the UK and NPR says they may be cutting back on their online streaming. There are many online petition drives urging the FCC to change its ruling, but prospects appear dim.