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Breaking news: FCC payola probe approaching settlement

Reuters is just now reporting that a quartet of the nation’s largest radio station groups may imminently settle with the FCC over an investigation into payola.

The companies amongst the talks? Clear Channel, CBS, Citadel and Entercom – the latter of which is still facing the business end of New York attorney general Eliot Spitzer‘s gun.

We’re all just so sure that after they settle with the Feds, commercial music will be totally awesome again.

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