Monday, July 25, 2005

Shit Really Hits the Fan

I'm sure everyone has already heard about the Sony/BMG payola scandal in recent days. It made front page of NY Times business section on Saturday. However, the LA Times report online has email correspondence that was used as evidence in the case. It is definitely worth a gander. Check the right side toolbar.

Here is another good analysis of what happened. At least the settlement money is going to a good place:

"In addition, the company has agreed to make a $10 million payment for distribution by the Rockefeller Philanthropy Advisors to New York State not-for-profit entities in a manner that will inure to the benefit of the residents of the State of New York by funding programs aimed at music education and appreciation."