Internet radio fights for its life
A panel of copyright judges this week threw out requests to reconsider a ruling that raises the royalties Internet broadcasters must pay to record companies and artists.
Many webcasters say the sharply higher royalty fees will put them out of business. Joe Kennedy says that includes his company, music recommendation service Pandora.
Kennedy and other players in Internet radio have formed a new group, Save Net Radio, which is aiming to persuade Congress to set fees that Internet broadcasters can afford.
Analyst Phil Leigh with Inside Digital Media says Internet radio is teetering on the brink.