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Bob Pittman, Clear Channel CEO, on iHeartRadio's growth over the past year, and the company's major competitors in the music industry.
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Story to look at at the forefront Bob Pittman who was the CEO of clear channel ahead of course heading up the I heart radio its CEO thank you.
And you know I was asking him what was the last time here at CES.
A long time and it's gonna look comfortable going -- Except -- NN news media area and that is this Internet radio and yet you already have a running start.
Well we don't look with the biggest number of the biggest radio company the biggest media company.
-- its 238 million people.
When people talk about the need getting cards were already in every -- as -- -- radio.
We're in -- billion devices let's -- -- radio house so we're here to add in around the edges.
And to make sure -- our listeners want us in this little corner case where there too.
And also make sure if -- news.
We're at the forefront of it well pandora.
Is your big competitors Spotify as well but they would argue then.
They sort of were at the forefront of this effort and -- you guys are telling him why do I need you.
Over them.
Well one I don't think they're big competitors there you know today not least 5% radio listening as the on the broadcast.
5% -- than the -- of digital including all those guys so.
You know -- long way off in the Internet world remember -- -- listeners -- they have.
100% of there.
It's a fraction 3% relationship with the digital so it's still -- you gotten it from radio calls this an ambulance coming going on her radio is when you want something else.
What's curious is 40%.
The people who listen to our radio stations are are listening stations outside the market.
Which tells us if they can listen in the market analyst integrating and that.
We intend was you have this very -- concert be I heart radio -- -- get -- artists on board rather quickly.
And by -- -- That -- not gonna symbols like that and twenty years thirty years I guess it's because he used to run MTV Haiti I think it's because there that was very important right now into the music business and we have very deep relationships with -- music industry.
And I think part of it was to demonstrate -- we want attention brought on Radio One we also want to demonstrate.
-- radio I mean you look around the room and -- sold off in ten minutes.
And we have been so you can't do music concert in Vegas since September because nobody comes after the -- and they do not want to Eisenberg music show.
The guys in Vegas backwards that this is the biggest event in Vegas sense except for the big fights that would never had a music event this big ever Vegas.
And we're flying in from all over the country we brought winners and we brought advertisers do you think.
Events I want to explain to our viewers though that when the executives like -- others come to at CES.
A lot of time spent in meetings behind closed doors what -- your meetings scheduled and like well that's been one in one meeting 1000001 constant.
Cox it's a great place for us all -- get together.
There are many partners who have -- look at building company obviously have this huge -- And you know it's a major -- -- major betters -- the TV networks.
You guys and done -- radio.
With the Internet we don't want ignored even though still small and what's your next big effort what are you looking for -- -- work.
We'll -- you know what we are we continue to make our.
Product that we are radius isn't great but we don't hear they're over FM weather over satellite -- we're also on whether the over the Internet.
Where people hate Steve we don't hear where -- again as we want to make sure they can connect to see when it -- -- all of our big stations wherever people are.
And then we look at what -- Constant looking around here tonight doing anything new and exciting should we take on what he did -- like we're like product we invented it -- -- -- radio.
Platforms is not just that we'll -- radio stations do you go back what we -- the FaceBook.
Brought in this incredible social interaction.
So it's three things -- one -- this custom radio this is social interaction and some.
You know -- -- cumulus coming on the greater media and Univision over a thousand radio stations from all over the country.
Pick and choose what you want and other ideas we I think what -- improvement.
And -- this.
163.
Million listeners on the month for clear channel numbers are staggering and you know it's all about the zeitgeist capturing Nicole parent did that I got an invitation.
To the party tonight with -- well I have -- -- -- Analyze our -- great parties yeah.
Yeah I wanna ask you can't express -- they're serving the best Akeelah in the world at that party got that but I going -- Are you serving the best tequila in the World Cup is -- costs that are going hot sun drug goes up.
Doctor yesterday as the greatest feeling more of the smooth -- the dealing.
It's incident yeah -- -- -- you'll love and smiled I think you need to go -- -- I out of my comeback well crazy.
So much -- on -- next big domestic killer.
Through but he also.
