SWCast was five years late paying royalties, so by waving the DMCA before its ISP, SoundExchange was successful in taking the Webcaster offline.
A music industry group has announced a deal with two dozen "small" Net radio outfits that freezes the fees they owe through 2010, but some say the terms are too restrictive to support.
Pandora's stock price dropped more than 20 percent this evening after the company reported a weak forecast for the current quarter.
Legislation, which Web radio stations have said could mean life or death for their services, will move on to the Senate. Traditional radio stations have dropped opposition.
Web radio stations engage in last-minute lobbying of lawmakers before Congress is set to vote on a bill that could mean life or death for the services.
NPR, Rep. Howard Berman and Pandora fans help save day in House for Web radio bill. Insiders say the proposed legislation faces Senate vote without any major opposition.
Senate passes Webcaster Settlement Act, and the legislation Web radio stations need to get reduced royalties is almost law.
Bill that would allow government to sue pirates has been watered down and Web radio stations may be close to cutting deal with music industry on royalty rates.