Deal reached on online streaming rates for local radio

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SoundExchange and the NAB announced an agreement on Internet streaming rates for local radio stations that simulcast programming over the Internet or that create new stand-alone Internet stations. The agreement provides discounts on previously-set rates for 2009 and 2010 and establishes rates for 2011-2015, providing stations with an enhanced ability to serve listeners through online platforms. Under the agreement, rates for simulcasts or web channels operated by local radio stations are reduced in 2009 and 2010 by approximately 16 percent, then gradually increase through 2015 – from $0.0015 per streamed sound recording in 2009 to $0.0025 per stream by 2015.