10/16/1960
https://www.presidency.ucsb.edu...
"I think the issue for you to consider is that under the rates that are established by the CRB, again rates under which very few, if any, services operate..."
"In 2012 Pandora will account for only 7 percent of U.S. radio listening, yet we will pay SoundExchange almost a quarter of a billion dollars, more than 50 percent of revenue."
"If the CRB ruling in 2007 were let to stand, we would have to pay more than 100 percent of our revenue in royalties and would have run out of business."
"I'm here to ask you to support the Internet Radio Fairness Act sponsored by your Judiciary Committee colleagues, Representative Chaffetz, Polis, Issa and Lofgren."