Webcasters come through loud and clear

The first panel today "Radio Waves" featured a lively discussion about Internet and satellite radio issues. Given the recent ruling by the Copyright Royalty Board, webcasting rates dominated the discussion with many small webcasters and a couple large ones (Pandora and Live365) saying they would be forced out of business if some kind of compromise on the new rates is not found. Mark Lam, CEO of Live365 -- one of the oldest major webcasters -- was particularly passionate saying the new rates would eat up 75 percent of his revenues.