July 26, 2005

Payola is Pervasive

Barry Ritholtz:
"This is not a pretty picture; what we see is that payola is pervasive," Mr. Spitzer said, using a term from the radio scandals of the 1950's in describing e-mail messages and corporate documents that his office obtained during a yearlong investigation. "It is omnipresent. It is driving the industry and it is wrong."

The Attorney General's findings alleges that the illegal payoffs for airplay were designed to manipulate record charts, generate consumer interest in records and increase sales:

"Instead of airing music based on the quality, artistic competition, aesthetic judgments or other judgments, radio stations are airing music because they are paid to do so in a way that hasn't been disclosed to the public," Spitzer said at a press briefing.
An alternative? I think we'll see more of this. Posted by James Zellmer at July 26, 2005 10:51 AM | Subscribe to this site via RSS:
Posted to Electronic Rights | Music | Politics