Payola: Is it Really So Harmful?

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3 segments
New York State Attorney General Elliott Spitzer just announced a breakthrough in his campaign to stamp out payola -- the illegal practice of record companies bribing radio stations to play songs -- negotiating a settlement with Warner Music Group. Today, Daniel Gross, who writes the "Moneybox" column for Slate, questions whether payola is really hurting the music business. Also joining in the conversation is Michael Bracy, Policy Director of the lobbying group, Future of Music Coalition. Also: a visit with Earl Wild. He just turned 90, and tonight, the pianist who played for Eleanor Roosevelt and Arturo Toscanini is giving a recital at Carnegie Hall. He explains why playing keeps him young. Finally, a visit with Peter Schickele, who share's his "must have" recordings.