Not The Hollies. Writers Albert Hammond and Mike Hazlewood (or, at least the latter's estate - MH died in 2001) collect the royalty cheques.
Songwriters are now listed as "Radiohead / Albert Hammond / Mike Hazlewood".
1973: The Hollies were sent a copy of a new Phil Everly album by the man himself which had nine of his own compositions, plus a cover of 'The Air That I Breathe' by Albert Hammond. He'd sent it to them saying that he knew The Hollies liked his music, thinking they'd cover one of his new songs...