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Clear Channel Gunning for Pandora and Sirius XM
Posted July 11, 2011
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By Spencer Osborne
Clear Channel (CCO) has made a bold move. Before delving deeper into exactly what Clear Channel announced, we should look at the events that led up to where we are now. Back in March of this year, Clear Channel made a small announcement that it had acquired an Internet radio company called Thumbplay. At the time, Clear Channel indicated that it made the purchase for the purpose of integrating more features for its Internet steaming site called iHeartRadio. In simple terms, it wanted to make its Internet streaming presence have features that emulate Pandora's (P).
Now, with this major announcement, it is crystal clear that Clear Channel is going to be a force not only over terrestrial airwaves, but on the Internet side of the radio business as well. Clear Channel has made a few announcements that Sirius XM (SIRI) and Pandora need to consider carefully: READ FULL ARTICLE
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