Report: Clear Channel Offers To Pay FCC $1 Million To Settle Payola Investigations
April 5, 2006 at 2:21 PM (PT)
CLEAR CHANNEL COMMUNICATIONS Chief Legal Officer ANDREW LEVIN has told the SAN ANTONIO EXPRESS-NEWS that the company has offered to pay $1 million to settle the FCC's probe into recording-industry payola. As reported FRIDAY (3/31) on NET NEWS (and subsequently updated on 4/2 and 4/3), CLEAR CHANNEL, CBS CORP., CITADEL, and ENTERCOM have all reportedly been engaged in talks with the FCC over settling their investigation into payola.
"We're willing to pay a reasonable amount to put this matter behind us," LEVIN told the EXPRESS-NEWS. "We want to go back to focusing on our business and not on ancient history."
We want to go back to focusing on our business and not on ancient history
The paper reports that sources tell them that at least one FCC commissioner, JONATHAN ADELSTEIN, isn't satisfied with the companies' settlement offers and wants them to pay stiffer financial penalties.
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