Newsletter Signup
Where current and emerging technology trends meet.
TecTrendsInformation Sources, Inc.
  | About TecTrends | Email Signup | Contact Us
 Live Search:
Live Search | Articles | Companies | TecTerms | Products
  Loading TecTrends Live Search - please wait... 
View Noteworthy Articles      PRNewswire
 
Article

Title: Can an Ohio Radio Station Reinvent Itself Yet Again?

Author: Vara, Vauhini Article Type: Company
Source: Wall Street Journal, v249 n60 pB1(2) Publication Date: Mar 14, 2007
  ISSN: 0193-2241
URL of Publication: http://www.wsj.com

WOXY, a small radio station in Ohio, managed to avoid regulatory obstacles for 26 years by transforming itself from a traditional broadcaster to a web-only radio station and, finally, to a unit of an online CD store. Time may be running out for WOXY, however, because the federal Copyright Royalty Board has increased the royalty rates that web radio stations must pay in order to play music. This action has the potential to more than double the yearly costs of operating WOXY to total about $2 million. This is much higher than the station's annual revenue, which ranges from $500,000 to $1 million. While the Board's decision could be rescinded by the United States Congress, Bryan Jay Miller, manager of WOXY, does not believe the situation will improve. Miller began working at the station 15 years ago, and during that time, it has been a struggle to overcome the various regulatory roadblocks that have negatively impacted small radio stations. In 1996, for example, the federal government raised the number of radio stations that could be owned by large media firms. This left less room for small, independent stations, so many of them moved to the Internet. Currently, over 50 million people listen to Internet radio. New regulations now threaten to impact online stations, however. Previously considered a special category, small webcasters such as WOXY paid royalties on the basis of total revenue or expenses, rather than the number of songs played, but they will now have to follow the same regulations as everyone else in the radio industry.

Products:
Digital Radio

TecTerms:


[Get Copyright Permissions] Click here for copyright permissions!
Copyright 2004-2008 Information Sources Inc.
 


Home About TecTrends About Us Contact Us Privacy Statement Terms and Conditions

TecTrends | P.O. Box 8120 | Berkeley CA 94707 | (510) 525-6220 | Email: tectrends@tectrends.com
© 2006 INFORMATION SOURCES INC | All rights reserved.