Clear channel stations drop webcasts

Clear Channel, owner of hundreds of terrestrial radio stations, told it's stations that if they wished to continue their webcasting, it would have to be done on their own costs, including the costs of Library of Congress rates that could easily put some of those stations in the millions of dollars per year in fees. In response, the majority of their stations, all but 509, dropped their webcasts immediately, leading to questions by the rest of the industry of the viability of the industry when the big players leave so suddenly. I hope for sure that this does not affect other players in the industry.