Lydia: You’re also competing with big guns like Apple and Spotify and their massive cash war chests? Would you plan to eventually shut down the radio stations and towers? Use the spectrum for other purposes?īob: To the contrary – the strength and foundation of our company is our broadcast radio stations. iHeartMedia CEO Bob Pittman tells On the Money the radio business as strong as ever. With us, they’re looking for connection, companionship and someone to hang out with, and that’s our purpose – even though we may also be playing music on some of our radio stations. When people listen to the radio, they’re joining the world. When people listen to their music collection they’re trying to unplug from the world – no on-air personalities, no information, no stories, no interviews – just music. In fact, 80% of Americans agree with the statement ‘I listen to both FM radio and music collections, but at different times, for different reasons.’ We’re not competitive with the music services – we’re synergistic. Radio and music collection services are quite different products. All the new streaming music services replace products that came before – iTunes, CDs, and even cassettes. Now that people have Spotify, Apple Music, and podcasts, why do we still need radio?īob: Actually, radio is as strong as ever.
Lydia: Every car in the world can connect to Bluetooth. Soros, Fortress in a vise to find new buyer for bankrupt Viceįormula 1’s growing audience in the US revs up advertisers as celebs, moguls flock to sportīob Pittman, who ran MTV, AOL, and Six Flags before helming iHeartMedia as CEO, weighs in on Burning Man, radio, and why he’s one of the few executives who believes in remote work.
Mitch McConnell’s plans for FTC nominee hit awkward bump: sources Super-rich spark feeding frenzy for upscale Hamptons restaurants
0 kommentar(er)
