Clear Channel has offered to pay $1 million as a settlement with the FCC over their ongoing payola probe, according to the San Antonio Express-News. Clear Channel's chief legal officer, Andrew Levin, told the paper that the radio ownership giant is in talks with the FCC, stating, "We're willing to pay a reasonable amount to put this matter behind us. We want to go back to focusing on our business and not on ancient history."

Levin told the newspaper that Clear Channel has fully cooperated with both the FCC and Eliot Spitzer in both payola probes, turning over thousands of documents to investigators. He said, "Just because we're the largest radio company doesn't mean we have the largest violations. We have been a model for the industry in terms of trying to put a stop to this practice."

Over the weekend, it was reported that Clear Channel, CBS Radio, Citadel and Entercom were set to soon settle with the federal government over payola allegations. On Monday, Spitzer spoke out in an interview, criticizing the FCC for making their own deals with radio ownership groups while his case is still ongoing.