ASCAP reports record revenues of $785 mil

March 07, 2007 NEW YORK - ASCAP has reported record revenues of $785 million for 2006, royalty payments to members of $680 million, and an all-time low operating expense ratio of 12.0%, the performing rights organization revealed Tuesday. Contributing to the revenue growth was ASCAP's recently negotiated licenses with both terrestrial and satellite radio. Of that amount, terrestrial radio revenues rose by $14 million, and satellite radio revenues rose by $8 million from the prior year.

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