Barry Willis

The first half of the fiscal year has been generally kind to many Japanese electronics manufacturers, most of whom released financial reports at the end of October.

Small webcasters have won another reprieve from royalty payments.

In August, the future looked cloudy for Sirius Satellite Radio, Inc. Despite the eventual commercial promise of satellite radio, the startup suffered from massive debt accrued during its development and from a slow initial subscription rate. Company officials had discussed a possible bankruptcy filing if additional financing couldn't be found.

A long-running dispute between the music industry and small webcasters may have come to an amicable conclusion. Over the weekend of October 5-6, representatives from both sides agreed on a system of royalties to be paid to record labels and artists based on a percentage of webcaster revenue or expenses, rather than on a per song basis. Last summer, Librarian of Congress James Billington decreed that all webcasters should pay a royalty rate of 0.07¢ per song per 1000 listeners. Many small webcasters, including many college radio stations, chose to go offline rather than face fees they couldn't afford.