Not to worry iTunes fans, Apple's Music Store will remain open for business after verbal threats from iTunes CEO Eddy Cue that if the CRB had hiked the royalty fees to the proposed 15 cents per download, the company would have considered shutting down the online service.

The CRB ruling determined that the royalty rate for digital downloads would be the same as for CD's, which is 9.1 cents per song. Music publishers sought to increase the amount of revenues to make up for the downturn in CD sales, but the new guidelines have stopped that in its tracks.

The new guidelines also included new official rates for paid ringtones which will be locked in place until 2012.

Still up for debate are the royalties for streaming media services like Pandora which are becoming a major source of revenue that the labels feel they are missing out on.

Perhaps the false alarm regarding Steve Jobs' heart attack, which was erroneously reported this morning by CNN-owned iReport—a user-generated news site which immediately caused widespread panic on Wall Street as Apple's stock temporarily dropped more than 2 percent—and the Apple's threat to close down iTunes, should the rate hike be implemented was enough to get the CRB to back down.