Billboard.biz just ran an article on a confidential meeting held today in New York City. SoundExchange will reportedly cap the per-station or per-channel royalty at $50,000. Under the original CRB decision, a $500-per-channel could have spelled doom for stations with a high number of channels. "The deal was reached late today in New York during a meeting at which representatives from all the major labels and the large digital services were present, according to the source."

There have been so many developments in this webcasting royalties issue that it's been very hard to keep track. If you want one-stop shopping for news related to the topic, I suggest all posts tagged with "Save Net Radio" at Wired's Listneing Post Blog.