Now that the Copyright Royalty Board is changing the rules, most web radio stations will not be able to operate profitably, because the royalty fee will be on a “per song listened” basis rather than as a derivative of what the station earns.

My prediction is that there will be isolated instances of pirate stations broadcasting online - if only the listeners know the address, they can get away with broadcasting songs for free. If they get caught, they can change their address. If they get into legal problems, they could base themselves in Liberia or somewhere.