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Business News (more headlines) 02-18-2004

97 Radio Closes For Business

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Website: http://www.97radio.com/html/legal.html
FEB 16 – Independent promotion company, 97 Radio, announced Monday that they will no longer be accepting new clients. This proclamation comes in the wake of a ten-month investigation by indie advocate and journalist John Foxworthy.

97 Radio’s official announcement from their web site states, “97 Radio will not be accepting new clients at this time. We will honor all contracts and continue with curret clients. We had to do this because of the false rumors Mr. John Foxworthy has written about in his articles. He has slandered our name and 97 Radio did file legal paper work against him and his company.”

Foxworthy began investigating 97 Radio and its parent company, Talent 2K, in May of 2003 after receiving a few tips that the company was not delivering services to clients. They had also been accused of using a dummy record company to offer deals in the hopes of voiding the refund clause in their contract. Foxworthy’s investigation of the allegations resulted in a series of articles which 97 Radio attributes to their closing.

“Hundreds of bands came forward with their stories about these companies,” stated Foxworthy, “I just ran down the facts and published the information as a public service. I get a lot of ‘scams’ across my desk and most of them end up by being a pissed-off artist, bad management or misconception. This one, however, panned out in almost every way.”

Currently John Foxworthy is rallying artists who haven’t been reimbursed to take on the companies in a class-action suit. He has also put together a comprehensive recovery package that victims can use to file reports with the proper agencies.

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