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Radio News (more headlines) 07-26-2014

Clear Channel's IHeartRadio Partners With AdsWizz To Monetize Its Digital Audience

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AdsWizz, an advertising technology provider for the digital radio and audio industries and iHeartRadio, Clear Channel Media and Entertainment's all-in-one digital music and live radio streaming service, today announced a partnership to develop a powerful new delivery insertion method for targeted ads in live broadcast radio streams with unique new capabilities.

"We continue to be impressed by Clear Channel's vision, unique assets and focus on quality."

Clear Channel will build its unique and integrated digital advertising capabilities by using AdsWizz' audio ad insertion and ad-serving suite of solutions. AdsWizz ad serving technology will enable Clear Channel to deliver a tailored advertising experience based on individual listeners' specific characteristics including user profiles and preferences, location and devices used for more than 840 Clear Channel radio stations across the country that stream live on its iHeartRadio all-in-one digital service. The new product offering will be developed with HTTP Live Streaming which will allow greater reach and a more reliable live stream ad delivery system.

In addition, by working with Clear Channel AdsWizz will now be able to utilize the unmatched audience reach, segments and in-depth insights of Clear Channel's more than 245 million monthly listeners to more accurately serve up ads to target consumers based on their demographics, psychographics, geo-location and custom, data-defined segments.

"After a thorough selection process, we've been truly impressed by AdsWizz' unique set of technical capabilities and believe that AdsWizz' delivery network offers the best state-of-the-art technology to expand our offerings for advertisers, partners and consumers and align with our long-term vision to deliver unmatched services for our advertising partners," said Brian Lakamp, President of Technology and Digital Ventures for Clear Channel. "Having the ability to serve targeted ads simultaneously to specific digital users during a live radio stream across our 840 Clear Channel stations nationwide on iHeartRadio presents a powerful platform for our advertisers and partners."

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