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Helms Explains Hold

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The latest twist in the webcaster bill saga – Jesse Helms explains the hold he put on HR 5469:

    October 21, 2002

    Dear Friends,

    Thanks for letting me know of your opposition to the so-called “webcasting” bill (HR 5469) currently pending in the Senate. I agree that this bill is dangerous for the fledgling internet broadcasting industry, and I am deeply concerned that small webcasters will not be able to remain viable if the royalties proscribed under this legislation take effect.

    Like many of my colleagues, I was appalled at the outcome of arbitration before the Library of Congress, which set royalty payments at an exorbitantly high rate. I supported the original incarnation of HR 5469, which placed a six-month moratorium on the bill taking effect.

    Unfortunately, the recording industry was able convince House leaders to replace this moratorium with a far-ranging rate structure it negotiated with a small fraction of disadvantaged webcasters. The resulting bill threatens the future of many small webcasters whose views were never considered during the negotiation process.

    I certainly hope that a solution can be found that is fair for the recording industry, the artists it represents, and the hard-working entrepreneurs that make up the webcasting industry.

    Thank You,

    Senator Jesse Helms

Jesse Helms: populist.

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Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: Twitter@amhaunted, Facebook.com/amhaunted, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.