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What does payola mean?

Looking for the meaning or definition of the word payola? Here's what it means.

Noun
  1. (US) A bribe given in exchange for a favor, such as one given in exchange for the promotion of goods or services (originally one given to a disk jockey to play a record).
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Let's enjoy this new format before the labels start offering payola to bloggers.
Is payola so widespread and successful in the radio industry that it must then also be the lubricant that greases our health machine?
In radio payola, you're trying to seed a large market and hope that something will then take off through the free choice of the consumers.
Labels sidestep payola laws by hiring independent promoters to lobby and compensate radio stations for playing certain records.
Granted, this opens up the service to the type of payola that haunts the radio industry.
Similarly, his worries about drugs, payola, and other perils of the music industry prompted him to sell RCA Records too quickly and cheaply.

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