Sen. Feingold Reintroduces Radio Competition Bill

jonerik writes "Billboard is reporting that Sen. Russ Feingold (D-Wisc.) has reintroduced his Competition in Radio and Concert Industries Act, which is aimed at limiting the concentration of radio stations and concert promoters in the hands of a few large companies, such as Clear Channel. In addition, the bill would close loopholes in payola laws which currently permit 'pay-for-play' deals between record companies and radio stations 'unless an appropriate sponsorship identification announcement is made.' The bill's introduction comes as the Senate Committee on Commerce, Science, and Transportation prepares to hold a hearing Thursday on the problems of radio consolidation, and the committee's chairman, Sen. John McCain (R-Ariz.), is expected to sign on soon as the bill's co-sponsor."