Tim Oren goes after the RIAA again

Tim Oren: Most hostile analysis of the music industry has focused on its inability to cope with the transition from material scarcity to digital abundance in the distribution portion of its business. However, the labels have been equally hapless when it comes to exploiting the Internet as a medium for promotion. Specifically, their promotional model still hinges on the scarcity of play slots on radio stations, and the label's ability to control them through payola promotional spending.