Sony BMG one of the largest record companies in the world has reached an agreement with the New York attorney general to stop providing gifts and trips in exchange for airtime. Sony will also pay $10 Million into a fund for music education.
“This agreement is a model for breaking the pervasive influence of bribes in the industry,” Mr. Spitzer said in a statement. “Contrary to listener expectations that songs are selected for airplay based on artistic merit and popularity, air time is often determined by undisclosed payoffs to radio stations and their employees.”
Story in the New York Times.