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At a glance:

Universal Music Group Recordings Inc. (UMG) has agreed to settle charges of payola for $12 million. 
 
The company was part of NY Attorney General Eliot Spitzer's probe into bribery and wrongdoing in the radio and music industries. 
 
UMG allegedly provided benefits such as money, the use of hotel rooms and other gifts in exchange for increased airplay for certain artists. 
 
Sony Corp. and Warner Music previously settled similar charges. 
 

Universal Music settles payola probe

BusinessWeek - 5/11/2006 12:53 PM

MAY. 11 12:44 P.M. ET Universal Music Group Recordings Inc., the world's largest record company, has agreed to pay $12 million to settle a payola case that claimed the company provided vacations, electronics and other bribes to increase radio play for their artists, New York Attorney General Eliot Spitzer said Thursday.
 
The bribes and gifts were used to gain airplay for songs that included records by Nick Lachey, Ashlee Simpson, Brian McKnight, Big Tymers, and Lindsay Lo
 
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