clear channel becomes iheartmedia

RadioInsight ^ | 9/16/14 | Lance Venta

[raccoonradio]

Originally known as merely a classification for 50kW AM signals with wide nighttime coverage, the Clear Channel name is joining much of the AM band in irrelevance.

Effective immediately Clear Channel is rebranding itself as IHeartMedia as the company places additional focus towards its IHeartRadio.com streaming platform. The company itself will be known as IHeartMedia, Inc, while the broadcast holdings formerly known as Clear Channel Media + Entertainment will be simply IHeartMedia.

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"Clear Channel announced today that it has become iHeartMedia, reflecting the company’s success in becoming a one-of-a-kind multi-platform media company with unparalleled reach and impact. The newly named company includes a wide range of advertising-supported, consumer-focused media businesses, including 840 radio stations in 150 markets, with more than 245 million listeners a month — the largest reach of any radio or television outlet in America; the iHeartRadio Network with its more than 90 million digital monthly uniques; Premiere Networks, which syndicates 90 radio programs and services to more than 5,500 radio affiliates; the Total Traffic and Weather Network, reaching almost all U.S. commuters; 20,000 live music events, all of which generate massive consumer engagement on social media platforms and the largest of which are even televised; its related companies, including Katz Media Group; as well as Clear Channel Outdoor, one of the world’s largest outdoor advertising companies."

[moovova]

Thumbs up for Jason Lewis.