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(Studio: Tom Brokaw) Report introduced.
(NYC: Brian Ross) Federal investigation into relationship between independent record promoters such as Fred DiSipio and organized crime examined; scenes shown. [DISIPIO -jokes about industry's dependence on him.] Ind.'s halt to all business deals with independent promoters after recent news stories on subject noted; econs. involved mentioned. Capitol records, CBS and MCA noted subpoenaed by federal grand jury for documents involving payola and DiSipio. [Radio station program DIR. - cites amount of money involved in payola.] [Ind. newsletter publisher Jim CARNEGIE - describes threats against him after publishing info. on payola.] Recent attack on NBC News crew covering story shown. [Attorney Leonard MARKS - notes record industry execs.' fears over anticipated indictments; comments on personal relationship between many execs. and independent promoters, drug abuse among record company execs.] Extent of CBS Records' business with independent promoters currently under investigation noted; president Walter Yetnikoff mentioned responsible for halting investigation into payola earlier this year by Recording Ind. Association
- Brokaw, Tom;
- Ross, Brian
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