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|url=https://www.nytimes.com/2019/04/03/business/dealbook/iheartmedia-ipo-radio.html
|title=The Radio Giant iHeartMedia Prepares for Possible I.P.O.
|first1=Ben |last1=Sisario |author2=Michael J. de la Merced |date=April 3, 2019}}</ref> both by number of stations and by revenue. The 855 stations reach more than 110 million listeners every week, and
In June 2012, the company announced that it would become the first U.S. radio group to partner with record labels to pay [[performance royalties]] directly to labels and musicians (in addition to songwriters and producers). The royalties are paid via revenue sharing for advertising across platforms (including digital), rather than a flat payment each time a song is played. [[Big Machine Label Group]] was announced as the first partner in this scheme. Pittman stated that the arrangement would let "labels and artists participate in the revenue of broadcast radio immediately and in digital radio as it builds".<ref>{{Cite web|url=https://variety.com/2012/music/news/clear-channel-inks-deal-with-big-machine-1118055042/|title=Clear Channel inks deal with Big Machine|last1=Goldsmith|first1=Jill|last2=Johnson|first2=Ted|date=June 5, 2012|website=Variety|language=en|access-date=January 21, 2020}}</ref><ref>[https://www.npr.org/blogs/therecord/2012/06/13/154871444/clear-channel-will-be-the-first-to-pay-royalties-for-music-on-its-air Clear Channel Will Be The First To Pay Royalties For Music On Its Air : The Record] {{Webarchive|url=https://web.archive.org/web/20150402091928/http://www.npr.org/blogs/therecord/2012/06/13/154871444/clear-channel-will-be-the-first-to-pay-royalties-for-music-on-its-air|date=April 2, 2015}}. NPR (June 13, 2012). Retrieved on 2013-08-16.</ref><ref>[http://www.billboard.com/biz/articles/news/digital-and-mobile/1565599/clear-channel-and-fearless-records-strike-broadcast-and Clear Channel and Fearless Records Strike Broadcast and Digital Performance Royalty Deal] {{Webarchive|url=https://web.archive.org/web/20130813004359/http://www.billboard.com/biz/articles/news/digital-and-mobile/1565599/clear-channel-and-fearless-records-strike-broadcast-and|date=August 13, 2013}}. Billboard (June 3, 2013). Retrieved on 2013-08-16.</ref><ref>{{Cite news|url=https://www.nytimes.com/2012/06/11/business/media/radio-royalty-deal-offers-hope-for-industrywide-pact.html|title=Radio Royalty Deal Offers Hope for Industrywide Pact|last=Sisario|first=Ben|date=June 10, 2012|work=The New York Times|access-date=January 21, 2020|language=en-US|issn=0362-4331}}</ref>
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