iHeart Radio CEO talks revenue

RYAN NAKASHIMA AP Business Writer Published:

LOS ANGELES (AP) -- Clear Channel CEO Bob Pittman says online streaming service iHeart Radio makes "hundreds of millions" of dollars in annual revenue.

That puts it in the range of Internet radio leader Pandora, which had $638 million in revenue last year.

Pittman revealed the figure in an interview about the service reaching a milestone of 50 million registered users and 97 million visitors in May.

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