[BC] Uselessness of HD

[Mike McCarthy]

I'm not sure how the composing and performance licensing agencies verify
income. But I don't believe they require supply of tax returns.  It's an
honesty based system which has worked for many years. However, there is a
clause in the agreement for audits should there ever be a question.

ISR that Ibiquity requires the tax returns and a broken out income
statement showing the HD-2 revenues. A whole different level of intrusion.

MM

> What about ASCAP, BMI, and SESAC??!!  The latest is 1.7% of adjusted gross
> revenue!  Plus another completely separate set of fees for Internet
> streaming!!  Several station owners I know are planning to rebel and stop
> playing music.  Ibiquity is playing the same little game, and I strongly
> believe that strategy is going to backfire in all of their faces.  It'll
> be a cold day in Hell when I'll share a tax return for this reason.
> Banks, IRS, other bona fide government entities -- sure -- but not this
> bunch.
>
> Regards/Jim Potter
>
>>Precisely my point... Ibiquity has no business nosing into the
>>financial affairs of stations.