Wired’s Listening Post Blog claims that internet radio has been “saved” (for now, anyway) and that SoundExchange executive director Jon Simson “promised — in front of Congress — that SoundExchange will not enforce the new royalty rates. Webcasters will stay online, as new rates are hammered out.”

Tim Westergren told Listening Post: “It was getting pretty close. I always had underlying optimism that sanity was going to prevail, but I was beginning to wonder.” He also said that everyone who contacted their Congressperson should feel that they had an effect on the process.

“This is a direct result of lobbying pressure, so if anyone thinks their call didn’t matter, it did. That’s why this is happening.”

No word on what the new rate will be or how it will be “hammered out,” but this is at least a stay of execution and Pandora and other internet radio stations will not have to stop broadcasting this Sunday.

Online Radio Is Saved; SoundExchange Will Not Enforce New Royalty Rates on Sunday [Wired]
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