- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
- U.N. warns of Muslim ‘cleansing’ in Central African Republic
- Senate blocks change to military sex assault cases
- Drug mix may have cured child born with HIV, doctors say
- De Blasio’s wife irks former mansion chef with ‘servant’ remark
- Russia’s neighbors shiver amid Putin’s Cold War moves in Ukraine
- New SAT: The essay portion is to become optional
- Military group can’t march to honor the fallen at Boston Marathon due to security changes
- Senate passes bills deleting ‘retarded’ from laws
- China announces biggest military hike in 3 years: We are not ‘boy scouts with spears’
Clear Channel joining daily deal boom in tie-up
LOS ANGELES (AP) - Broadcasting giant Clear Channel Radio is getting into the daily deals business in a partnership with radio station rival Cumulus Media Inc.
As part of the deal, Clear Channel will add Cumulus' 570 radio stations to its iHeartRadio online listening service. In exchange, Clear Channel will share in some of the financial benefits of Cumulus' daily deals business called SweetJack.
Both station groups will advertise SweetJack bargains on radio stations in more than 60 markets where SweetJack is in business, including San Francisco, New York, Dallas and Atlanta. More markets are expected to be added soon.
Clear Channel, which is privately held, owns about 850 radio stations nationwide and is the top radio broadcaster in the nation, reaching 238 million listeners a month. Cumulus, a publicly listed company, is ranked third by revenue but has the second-most number of stations in the country.
Clear Channel kicked off its iHeartRadio online radio service in September in a challenge to market leader Pandora Media Inc. Both services allow online listening over mobile devices to music that fits certain genres or sounds based on artists. Clear Channel is keeping this so-called "custom station" service free of ads through April 1 to build up its audience.
Clear Channel also offers streams of radio stations from different cities, which come with ads.
By tying up with Cumulus, Clear Channel is taking a stab at another booming online business _ that of online coupons _ led by upstart Groupon Inc.
Clear Channel Radio CEO John Hogan said the deal shows that traditional radio companies are staying relevant with tech-savvy consumers.
"It shows we can and do compete effectively in the digital space," he said in an interview.
The deal will enable Cumulus to turn SweetJack into "a true nationwide platform," and help it compete among many daily deal sites such as LivingSocial, said Cumulus CEO Lew Dickey in a statement.
TWT Video Picks
By Tammy Bruce
- Putin has transformed Russian army into a lean, mean fighting machine
- Bill Clinton cashes in on struggling nonprofit hospital
- DELAY: A revolution for the Constitution
- BRUCE: Obama's bizarre immigration rules
- Unemployment insurance vote could happen next week
- PRUDEN: Likening Putin to Hitler on Ukraine shows Hillary's shaky grasp of history
- Otter attacks, kills alligator at Florida wildlife refuge
- Calif. shop facing angry fire pulls 'smart gun' from shelves
- R-S-P-E-C-T: Find out what it means for Obama
- Back to the Future: HUVr Tech marketing video goes viral with hoverboard release tease
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again