The terrestrial radio juggernaut -- watching over hundreds
of AM and FM radio stations around the country and syndicating content to many
more -- has a hit with its iHeartRadio app.
The free digital service that offers up Clear Channel's own
stations, partner channels, and a customized radio offering along the lines of
Pandora announced last week that the
application has been downloaded 135 million times.
Rick Arstotle Munarriz at The Motley Fool writes it's a big
number, but we know that downloads don't translate into users. Well, Clear
Channel is apparently doing fairly well on that front. The iHeartRadio network
is attracting more than 48 million unique monthly visitors.
The company has now surpassed 20 million registered users,
and that's something that is only required for users that want to take
advantage of iHeartRadio's Pandora-like music discovery offering.
Are Pandora and Spotify scared? They probably shouldn't be.
Spotify completed a financing round last week that values the European
streaming service at a cool $3 billion.
Pandora served up 1.25 billion hours of content last month,
65% more than it did in October of last year. Pandora's active listeners of
59.2 million have climbed 47% over the past year.
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