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Payola: That Same Old Song

Nathan Parmelee (TMF Doraemon)
July 27, 2005

There's been a great deal of giggling going on in Parmelee family email the past couple of days because of Sony's (NYSE: SNE  ) recent $10 million payola settlement with the New York Attorney General's office.

Payola, or pay for play, is the practice of record companies paying radio stations to play their artists' music. Payola was believed to be dead during the past few decades. That's changed. It has been rumored to be alive and well for