Digital media group lobbies on royalties

Date : 03/24/2008 @ 1:16PM
Source : TFN
Stock : Apple Computer Co (AAPL)
Quote : 160.18  -1.04 (-0.65%) @ 8:00PM
<< BackQuote Chart Financials

 



Digital media group lobbies on royalties

        WASHINGTON (AP) - The Digital Media Association spent almost $1.1 million in
2007 lobbying on royalties paid by Internet radio stations, according to a
disclosure form.
    The trade group lobbied Congress in favor of legislation that would have
nullified a decision by a three-judge copyright panel requiring Internet radio
stations to pay a royalty rate that the industry argues is excessive, according
to the form, posted online Feb. 13 by the Senate's public records office.
    Small Web casters have said the higher rates would put many of them out of
business, while larger companies, such as Yahoo Inc. and Time Warner Inc.'s AOL,
said their revenues would be significantly lowered. Yahoo and AOL are members of
the Digital Media Association, as are Amazon.com, Apple Inc., RealNetworks Inc.
and Microsoft Corp.
    The trade group spent almost $700,000 lobbying on the same issue in the
second half of last year.
    Lobbyists are required to disclose activities that could influence members
of the executive and legislative branches, under a federal law enacted in 1995.
    
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
<< Back


Apple Computer Co Historical Chart Apple Computer Co Intraday Chart  
Period


LSE and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
Copyright1999-2008 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy
42 site:2us 080908 06:21 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2007 )