For us, the listeners of internet radio, it's a matter of losing another avenue of finding new music. Obviously something that we bemoan, but clearly not something that will ruin our lives. But for internet broadcasters and musicians trying to spread their music, the results are more severe. To get an idea of how they are reacting to this, check out the latest issue of Modern Acoustic, an e-zine that is produced in Boston. Rich Kassirer, it's author, has done a fine job of doing some leg work to get their side of the story, with interviews from musicians who willingly share their music on internet radio and with broadcasters who make very little money, but find fullfillment doing what they do.
While you're there, you can also read all of the back-issues which include some well written articles about everything from the loss of liner notes to seeing one of my favorite artists play in Ireland (Josh Ritter).
Want to do something to help save internet radio? Head over to SaveNetRadio.org to find out how.
David Gray - Late Night Radio : Sell Sell Sell
The Presidents Of The United States Of America - Video Killed The Radio Star (Buggles cover) : The Wedding Singer Soundtrack
M. Ward - Radio Campaign : Transistor Radio
Regina Spektor - On The Radio : Begin To Hope
Dirty On Purpose - No Radio : Hallelujah Sirens