New York Times:
The fate of Internet radio is still up in the air. Web sites that stream music have been fighting with the recording industry for two years over the royalties that the sites must pay for each song they play. Under last year’s Webcaster Settlement Act, the two sides had until last Sunday to reach an agreement. Simulcasters — FM and AM radio stations that also stream music over the Web — came to an agreement with the industry on Monday. But despite negotiating all weekend, independent Internet radio services like Pandora have so far failed to reach a deal.