The RIAA has reached an agreement with college and non-commercial radio stations that will allow the radio stations to stream their music over the internet at a discounted royalty rate. The rate will be lower than that which was originally established by the Librarian of Congress and as a result the cost to College Radio stations is expected to be halved.
Will Robedee, Vice Chairman of Collegiate Broadcasters Inc. said “We could have done more, but we wouldn’t have signed it if we didn’t think it would have benefited everybody. We’ve settled on a rate structure that we feel most stations will be able to take advantage of.”