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MediaBuyerPlanner: Entercom Communications has settled with New York attorney general Eliot Spitzer, agreeing to pay $4.25 million to resolve the lawsuit brought against the company.
The settlement resolved the accusations that Entercom accepted kickbacks, or payola, in exchange for radio airtime, writes The New York Times. It is the latest in a series of such investigations brought by Spitzer, who settled with CBS for $2 million earlier this fall as well as with all four major record companies.
Entercom did not admit to any wrongdoing, but said that it settled "in the interests of the company, our employees and our shareholders."
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