Yahoo! and AOL may shut down their Internet-radio services, which have become a pricey proposition for the two online companies because of the 38% royalty increase mandated by SoundExchange. “Yahoo and AOL stopped directing users to their radio sites after SoundExchange, the Washington-based group representing artists and record labels, began collecting the higher fees in July…. As a result, the number of people using Launchcast fell 11 percent to 5.1 million in October, according to ComScore. AOL Radio users declined 10 percent to 2.7 million from 3 million.” [Bloomberg]
