Radio, Rights Orgs Temporarily Agree On 7%
The music publishing industry has been anxiously watching licensing negotiations between BMI, ASCAP and radio/TV interests. Rate contracts are in the process of being renewed and concerns on the music side of the table revolve around potential rate reductions due to falling radio/TV ad revenues.
Today it has been announced that the Radio Music License Committee (RMLC) and the performing rights organizations have agreed to an interim 7% rate reduction for both ASCAP and BMI. Radio broadcasters will begin paying the lower rate Jan. 1, 2010. A court will determine the actual rate, and when determined, it will be retroactive to 1/1/10.
RMLC Chairman Ed Christian was quoted saying he’s disappointed the process has stalled, but looks forward to realizing “significant reductions” in licensing fees. Analysts suggest that obtaining a settlement in this issue may take many months, but also point that the 7% drop shows that the rights organizations are aware that radio revenues have been sharply dropping.

Unemployed members of the radio and music industries will be able to attend CRS 2010 for a special discounted rate of $99 when the conference is held Feb. 24-26, 2010 in Nashville.
Big D and Bubba, hosts of one of the most widely syndicated Country morning radio shows in the U.S., have renewed their long-term contract with Premiere Radio Networks. Broadcasting Monday through Friday from 6 – 10 a.m. ET, The Big D and Bubba Show will continue to be heard on more than 50 radio stations across the country.









Citadel Broadcasting plans to file Chapter 11 bankruptcy protection before the end of the year, the Wall Street Journal reports. The radio broadcaster is in talks with lenders over the prearranged bankruptcy plan which has lenders exchanging Citadel’s $2 billion in debt for about 99.5 percent equity in the reorganized company, the Journal said. The creditors have until Tuesday to accept the deal.
After seven years with Warner Music, Sr. VP Promotion Gator Michaels exited the company today (12/1), the label has confirmed. Director of National Promotion Bob Reeves is acting in Michaels’ former role and reporting directly to new label President/CEO John Esposito, who took office in September.