Radio Giant Entercom Settles Payloa Probe For $4.25 Million

Entercom who own 105 radio stations will pay $4.25 million to end NY Attorney General Eliot Spitzer's payola investigation. The lawsuit filed in March claimed Entercom solicited payments from record labels and traded air time for promotional items, personal trips and other gifts. The investigation has so far led to settlements with all four major record labels and CBS Radio.

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