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Setting the "Radio" Record Straight

R

Radio Ink Buzz Stream

Clear Channel President & Chief Financial Officer Richard Bressler was the latest high ranking radio executive to take Pandora to task for the radio listening numbers its been boasting about. Earlier this week, Pandora announced it now owned 8% of all U.S. Radio listening. Bressler (pictured) said the entire online listening universe is only 8% and that includes iHeartRadio. "Pandorda is 4-5% of that." He added, "These guys are not radio. Not even close to being radio. We are real radio, with unique content and unique distribution platforms, local personalities and 20,000 local events. All of Pandora's stations combined have yet to penetrate the top ten in New York City." Bressler also said Clear Channel has not seen any impact from Pandora or iTunes radio on local sales"

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