Senate Hears Testimony On Proposed Royalty Hikes

Representing opposing viewpoint record labels and new media companies testified before a U.S. Senate committee on today regarding new legislation that would force emerging music resellers such as satellite, cable, and Internet radio to pay more royalties to the music industry.  Digital and satellite outlets already pay rates greater than traditional broadcasters and argue that higher fees are unfair. (Red Herring and FMQB)