After months of waiting. Disk Jockey Dick Clark—who at 30 is the U.S.'s oldest teen-ager—last week finally was up to his sunny smile in the payola hearings. Standing on the burning deck with aplomb, he assured the House Special Subcommittee on Legislative Oversight that he believed in his heart that he had never taken payola. "But you got an awful lot of royola," snapped Republican Steven B. Derounian, of New York's Nassau County, who was the clear winner of the session's Most Valuable Phrasemaker trophy.

Derounian was talking about royalties and the manner...

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