Big name webcasters pull the plug

10:24 - Monday 24 June 2002 by The Register
Source: Tom's Hardware – Keywords: big, name, webcasters, pull, the, plug Category : Miscellaneous

It's culturecide. The RIAA-inspired royalty tax has already taken some of the most highly regarded webcasters off the Net. SomaFM, the San Francisco-based station, ceased broadcasting on Friday, Andrew Orlowski writes .

"To stay on the air, SomaFM will have to pay about $500 a day in fees to the RIAA," the broadcaster said in a message posted on its website. Under the revised fees published by the Library of Congress yesterday, SomaFM says it would need to find $15,372 in additional RIAA royalties - or $7.69 per listener per month. That's on top of other royalties and overheads. Analog radio broadcasters don't need to pay this fee.

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