Re: Pink Floyd are just whining now
Clearly you have no understanding of radio of either variety. I, on the other hand, have experience in both types of radio.
It's rare for a terrestrial radio station to reach less than what you're siting as the maximum at any given time, except maybe in the middle of the night. And that's in a sparsely populated area. A station broadcasting in LA or New York, or one using repeaters, can easily have millions of listeners.
It's also exceedingly rare for an internet radio station to reach more than 10,000 or so. Most of them are doing really good to get 500 listeners at any given time, with a few exceptions like Pandora and Digitally Imported. Just look at their stream address in a web browser and if they're running Shoutcast or Icecast (90% of them are) you can get the current and peak listener counts. If they were subjected to the same rules as terrestrial stations they'd almost never hit that $1000 minimum placed on them based on their listener counts.
So yes, I do think it seems reasonable for the online stations to pay the same low royalties that terrestrial stations pay. At the absolute least that absurd minimum royalty needs to be removed so that small stations could thrive. Right now only the largest ones can operate at a profit at all.