We seek to understand and document all radio transmissions, legal and otherwise, as part of the radio listening hobby. We do not encourage any radio operations contrary to regulations. Always consult with the appropriate authorities if you have questions concerning what is permissible in your locale.

« previous next »
Pages: [1]

Author Topic: Clear Channel renamed iHeartMedia  (Read 784 times)

Fansome

  • Guest
Clear Channel renamed iHeartMedia
« on: September 17, 2014, 0605 UTC »

Clear Channel renamed iHeartMedia

Published Tuesday, Sept. 16, 2014 | 8:35 a.m.

Updated 14 hours, 27 minutes ago

NEW YORK (AP) — Clear Channel, the largest radio station operator in the U.S., says it has renamed itself iHeartMedia to reflect its transformation into a multi-platform media company that includes iHeartRadio, its digital radio service.

The new company, which is privately held, owns 859 radio stations in more than 150 markets. IHeartRadio, meanwhile, has more than 90 million monthly unique visitors. It also owns part of Clear Channel Outdoor, an outdoor advertising company, and runs live music events.

The name change reflects the company's shifting focus to its digital brand as it faces competition from popular music streaming services like Pandora and Spotify. In June, CEO Bob Pittman said iHeartRadio makes "hundreds of millions" of dollars in annual revenue.

Clear Channel Communications Inc. was founded in 1972 and was taken private in 2008.
Logged
Pages: [1]
« previous next »