If Congress investigated Payola in the Music Biz...it ought to be investigating CNBC today!

[ddeclue]

From the wikitubes: Under US law, 47 U.S.C. § 317, a radio station can play a specific song in exchange for money, but this must be disclosed on the air as being sponsored airtime, and that play of the song should not be counted as a "regular airplay."

How is music payola any different than the stock hyping that goes on on CNBC?

DU Lawyer types please explain....

Doug D.
Non-lawyer

[CoffeeCat]

1. I'm not a lawyer type...

...but I was a PR professional for a public company for many years.

No money is exchanging hands, so how can this be "payola"?

There is an incestuous, immoral relationship between CNBC and the Wall Streeters who use CNBC as a device to
disseminate their chosen messages.

It's really sickening to watch.

Usually, reporters and broadcast journalists maintain some semblance of objectivity. They are supposed to interview
Wall Streeters, get the truth and ask tough questions.

However, it is clear that CNBC and other finance-related shows on other cable outlets---are nothing but PR and marketing
extensions of Wall Street.

It's all very alarming to think that people watch this stuff--and then believe that they're getting truth or objectivity.

There's nothing illegal going on here. It's just revolting.

The CNBC studios really are a playground for the Wall Street power brokers.