*giggle* What's good for the goose is great for the gander. -rick Infowarrior.org
EMI to Face Spitzer Music Industry Probe By REUTERS Filed at 5:04 p.m. ET LONDON/NEW YORK (Reuters) - EMI Group PLC (EMI.L), the world's third-largest music company, on Friday said it and other music companies faced a New York probe into how music companies influence what songs are played on the radio. ``We are cooperating fully with this inquiry, which is at a preliminary stage,'' EMI said in a statement. New York Attorney General Eliot Spitzer, who has already taken on the investment banking, mutual funds and insurance sectors, has served subpoenas against Universal Music Group, Sony BMG Music Entertainment, EMI and Warner Music, sources familiar with the matter said, confirming a report in the New York Times. A New York Attorney General spokeswoman declined to comment. Warner Music and Sony BMG declined to comment. A spokesman for the Universal Music Group was not immediately reachable. EMI, the only publicly traded, stand-alone music company among the four majors, closed down three pence at 217p, having earlier hit a low of 208-1/2p. The investigation, which several sources said was still in the ``preliminary'' stages and may yet lead to no official charges, started in September. Spitzer has requested information on the companies' relationships with independent promoters who serve as middlemen between music companies and radio stations, one source familiar with the matter said, confirming reports. The investigation revisits a decades-old practice of employing middlemen to sidestep U.S. laws restricting the bribing of broadcasters to air particular songs without disclosing this to listeners. < snip > http://www.nytimes.com/reuters/business/business-media-emi-spitzer.html?oref =login&pagewanted=print&position= You are a subscribed member of the infowarrior list. Visit www.infowarrior.org for list information or to unsubscribe. This message may be redistributed freely in its entirety. Any and all copyrights appearing in list messages are maintained by their respective owners.
