Elliot Spitzer Loses In Political Comeback Attempt
Run Over By Karma Train
September 11, 2013 at 6:47 AM (PT)
Former NEW YORK Governor ELIOT SPITZER's political career has likely come to an end, as he was defeated YESTERDAY (9/10) in the Democratic primary for NEW YORK CITY comptroller. SPITZER was seeking a comeback after having to resign five years ago in a prostitution scandal.
What's the old saying? Oh, right! "KARMA is a bitch!"
SPITZER is remembered by the radio and record community for his time as NEW YORK's Attorney General, when he prosecuted payola-related issues. SPITZER's office settled out of court with SONY BMG MUSIC ENTERTAINMENT in JULY 2005 for $10 million, WARNER MUSIC GROUP in NOVEMBER 2005 for $5 million and UNIVERSAL MUSIC GROUP in MAY 2006 for $12 million.
Those settlements prompted an investigation of radio (NET NEWS 2/8/2006), during which the FCC established that the "indie loophole" was still a violation of the law. In 2007, CBS RADIO, CITADEL, CLEAR CHANNEL and ENTERCOM settled by paying $12.5 million in fines and accepting tougher restrictions than the legal requirements for three years, although no company admitted any wrongdoing.