Save Net Radio, a "national coalition comprised of hundreds of thousands of webcasters, artists, listeners and labels", yesterday rejected the compromise offered by industry consortium Sound Exchange on the webcasting controversy, which I reported on yesterday.
“The proposal made by SoundExchange today would throw ‘large webcasters’ under the bus and end any ‘small’ webcaster’s hopes of one day becoming big,” SaveNetRadio spokesperson Jake Ward said. “Under government-set revenue caps, webcasters will invest less, innovate less and promote less. Under this proposal, Internet radio would become a lousy long-term business, unable to compete effectively against big broadcast and big satellite radio – artists, webcasters, and listeners be damned.”
The press release continues that stations like Live365 and Pandora, although employing only a handful of employees, would be considered "large" and thus potentially face massive fines and closure.