IHeartMedia has reached an agreement with federal regulators to resolve an investigation into allegations that its radio stations pressured musical artists into performing at company-hosted concerts and festivals in return for more favorable airtime, the Federal Communications Commission announced Thursday.
The FCC identified IHeartMedia as the largest owner of radio stations in the country. Under the terms of a consent decree, the company must follow strict disclosure procedures governing the connection between song airplay and artist appearances at live events, with the goal of ensuring there are, in the agency’s words, “no prohibited pressure or relationships.”
