Online venture to offer more than 900 stations
Clear Channel will launch an online radio network that offers more than 900 stations, including independent online stations, the company announced Monday.Clear Channel, the nation’s largest owner and operator of radio stations, said its Clear Channel Radio and Katz Media Group units will collaborate to form the network. The new network, Katz Online Network, will combine Clear Channel radio stations, Katz’s radio partners and independent online stations. San Antonio-based Clear Channel will aggregate access through one Web site, to be launched next month. The Katz Online Network also includes AM and FM station streams and syndicated shows. The network will have the widest marketing reach in online radio. In June, its stations cumulatively reached an audience of 4.7 million, according to Ando Media in Providence, R.I., which measures online audiences. This is the number of individuals who listened to a station for a minimum of five minutes within a set period. In mid-May, CBS teamed with AOL Radio to provide online streams from all 140 of its stations to AOL’s online radio service. Their streams are supported by advertising, which CBS Radio sells. AOL, a part of Time Warner Inc. in New York, will share in those revenues.