• Clear Channel, its private equity buyers and the banks that agreed to finance the company's acquisition have settled their litigation. Shareholders are now being offered $17.9 billion ($36 per share), down from the original bid of $20 billion ($39.20 per share). (Reuters and press release)

• The Chicago event promoter's ordinance has been sent back to City Council committee for fine-tuning and more public input. Mayor Daley said he is willing to lighten the measures in the ordinance. (Chicago Sun-Times)

• Royalty Logic has filed a motion with the Federal Appeals Court asking permission to file additional arguments in hopes of challenging the legal status of the Copyright Royalty Board. (Billboard.biz)

• A summary of various legal opinions on the two pieces of orphan works legislation that were introduced to Congress last week. (The SAA Orphan Works Blog)

• Related: 2005 comments by the RIAA to the Copyright Office. "...we would be interested in development of a broadly-applicable regime to ensure that, in appropriate circumstances, the inability to identify or locate a copyright owner with due diligence need not stand in the way of public access to creative works, while at the same time safeguarding the legitimate interests of copyright owners." (Orphan Works Comment 0687)

• The Grand Ole Opry, CMT/MTV Networks, CMA and others cautioned the FCC that a decision to allow consumer wireless devices to operate in the same spectrum as on-stage wireless equipment such as in-ear monitors and cueing systems. (Music Row)

• Singer-songwriter Josh Rouse has launched a members-only download site called Bedroom Classics Closet Archives. Members get to download all songs and videos posted to the site -- over 100 songs. A premium membership for $99.99 gets his new EP, a two-CD bootleg of rare tracks and a copy of his next album once it is completed. After 750 of those memberships have been sold, the basic digital membership plan will cost $29.99. (Glide)

[music jobs] The Beggars Group & Matador Records is seeking a Paralegal