NEW YORK, NY--(Marketwire - Oct 3, 2012) - Big news for the radio broadcasting industry, within which SIRIUS XM Radio Inc. and Cumulus Media Inc. operate, was the recent introduction of a potentially game changing bill called the "Internet Radio Fairness Act" to the House and the Senate. The act is seemingly intended to "level the playing field," bringing royalties which Internet radio providers pay for music down to the same level as those paid by satellite, radio and other digital music providers.
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The counter argument, however, is that internet radio services' royalties are a high percentage of revenues simply because providers tend to limit audio advertising in order to poach listeners from ad heavy satellite and terrestrial radio.
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Recent news from companies within the industry includes Sirius XM's recent partnership with Nissan North America to offer premium telematics services such as emergency support for accidents, stolen vehicle tracking and roadside assistance. SIRIUS XM Radio Inc. report is accessible for free by registering today at
Cumulus Media has also been active, as it recently decided to join software solutions and business services provider Marketron's Network Connect. The move could significantly improve efficiency moving forward. Cumulus Media Inc. report is accessible for free by registering today at
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