Looks like the music moguls finally realized that large royalties from companies that go out of business are smaller than small royalties from companies that stay in business. That might seem obvious, but the common sense reservoir is so limited in the music business that it wasn't at all obvious that it would happen:

The new agreement appears to alleviate many of the fears associated with the 300%-1200% increase previously approved by the CRB, as the agreement tries to be more flexible for smaller broadcasters. Instead of shelling out a massive royalty for every song broadcast, the station operator will be charged 10.5% of his or her revenue per year. Not wonderful, but not the end of the world.

Now maybe Pandora (et. al.) can stay in business, and continue to encourage people to buy music they discover.