Contact Us

Clear Channel changes name to iHeartMedia

Clear Channel

It’s been almost nine years since Clear Channel spun off Live Nation (who went on to buy Ticketmaster). Now:

Clear Channel on Tuesday refashioned itself as iHeartMedia, accentuating how the lines between online and AM/FM radio are blurring at the country’s biggest company on the broadcast dial.

“It’s not a company with a bunch of old radio stations and outdoor [billboards] anymore,” Chief Executive Bob Pittman said in an interview. “We’ve transformed, so let’s now take a name that matters.”

iHeartRadio is Clear Channel’s digital arm, a Pandora-like online service that also hosts the digital streams of the company’s 840 traditional radio stations like KIIS FM in Los Angeles. Effective Tuesday, CC Media Holdings Inc. became iHeartMedia Inc. The company’s over-the-counter stock ticker symbol will also change, effective Wednesday.

Streaming is the industry’s most promising segment of growth, but tech-centered outfits like Pandora — the Web’s biggest radio operator — and on-demand subscription services like Apple’s Beats Music and Spotify tend to attract the most attention as they race to dominate the burgeoning sector. By recasting itself as iHeartMedia, Clear Channel not only recognizes the company itself has changed but also believes it will get due credit in the tech community for its gargantuan scope, Pittman said. [CNET]

Check It Out

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://www.brooklynvegan.com using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for BrooklynVegan quickly by connecting your Facebook account. It's just as secure and no password to remember!