Old songs have greater surface. Many more people have heard it over something popular today which 20% might have heard of. New music is usually much cheaper. Even within the same artist. Would you lic. Bieber's Baby, baby O or something new. More extreme example would you lic gangnam style or anything newer by that artist?
Not really its why TV shows have to be careful with the budget for licences - though this can work very well "sinner Man" as used in an episode of Person of interest.