Net radio to fall silent for a day

“In a move to drum up opposition for a proposed royalty regime for Internet radio, hundreds of small online radio stations plan to turn off their music streams Wednesday. The independent Webcasters are protesting a royalty fee proposed by the Copyright Arbitration Royalty Panel (CARP). Appointed by the U.S. Copyright Office, the panel recommended that Webcasters pay record companies a rate of 0.14 cents per listener per song and 0.07 cents per song for streaming an over-the-air broadcast online. Small Webcasters, however, say the fees would exceed their revenue, driving them out of business and stifling the industry.” Click here for the full story at Cnet’s News.com.