Internet radio has been saved! Broadcasters now have a cap on the fees at $50,000. That means that no one broadcaster will have to pay more then $50,000. Individual channels will have a minimum of $500.
This is great news because now my favorite internet radio site Pandora will not go out of business. Other internet radio sites such as Live365 and Last.fm should be fine as well.
If you want to find out all of the details of this agreement you can head over to Save Net Radio.