FMC's Walter McDonough talks to Pennsylvania's WITF about the state of the recorded music industry since the advent of digital technologies like filesharing.On July 27, FMC founding Board member and General Counsel Walter McDonough chatted live on "Smart Talk" -- a program that airs on Pennsylvania's WITF FM.

Walter called in to talk about the state of the record industry since the advent of digital technologies like filesharing. Joining him was David Ivory, Producer/Owner of Ivory Productions.

As expected, Walter kicked off the conversation with baseball, but managed to get pulled back to the topic at hand by host Craig Cohen. The conversation covered a wide range of topics from digital pricing to changes in consumptive behavior to new models that might make up for some of the revenue lost from dwindling physical product sales.

Did we mention it was a call-in show? Listeners seemed genuinely psyched to participate in the conversation, and there were a couple of really interesting questions. But why read about it here when you can head over to the WITF site and listen to the audio?

Remember, we'll be discussing all of these issues and more at our upcoming Policy Summit at Georgetown University in Washington, DC on October 4-6. Head here to reserve your spot now!