Monday, November 9, 2015

Bob Pittman Talks Streaming Wars On Bloomberg

iHeartMedia CEO and Chairman Bob Pittman discusses listening to music in the digital age. He spoke on Bloomberg Monday morning.

Among topics covered: Pittman says Music Streamers like Spotify and Pandora "sell" consumers their personal music library via subscription, with just about 3 percent of the streaming in-cars.  He also reiterated that advertisers are beocmmisng more insterest on their return-on-investment versus just ratings.

Pittman also talked about the latest earnings report for iHeartMedia and Clear Channel Outdoor.  As for debt, he said he feels "comfortable' with their liquidity and that the company still have a lot of "levers to pull".

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