Eugene David
...The One-Minute Pundit

Sunday, December 12, 2004


Hmmmmmmmm:

SOME execs at the big record labels nervously hired more lawyers when they were subpoenaed by State Attorney General Eliot Spitzer, who is looking into the age-old allegations of "payola" - bribes to radio programmers for airplay - and price-fixing on CDs. But some old-timers who have been investigated before just shrugged. "They're not quaking in their boots. This ain't Wall Street," said one music honcho. "The record business is run by hardened criminals. They invented 'independent promotion' and they're the only ones who know how it works. This is a battle Spitzer will lose." We hope not. If Spitzer can clean up the corruption, maybe the music will improve.

I wouldn't hold my note for that.

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