EMI became the last of the major music groups to settle its payola investigation with Eliot Spitzer yesterday. The company will pay a $3.75 million fine -- less than its competitors paid -- and has agreed to adopt company-wide reforms. Those reforms are:

• "The immediate cessation of payments and other inducements to radio stations and their employees in return for 'airplay';"
• "Discontinuance of independent promoters as a pass-through for securing airplay;"
• "Hiring of a compliance officer to monitor promotion practices;"
• "Implementation of an internal system to detect any future abuses."

Additional reading:

• EMI Exhibits PDF (from the Spitzer website)
• EMI Settlement PDF (also from the Spitzer website)

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