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Clear Channel Communications Inc.
Clear Channel's iHeartRadio hits 50 million registered users
Clear Channel's iHeartRadio hits 50 million registered users

With iHeartRadio, Clear Channel is looking to the Web to dial up growth. On Tuesday the company said the online streaming service now has 50 million registered users, which is up more than 50% from the same time last year. The milestone comes as the traditional radio giant faces increasing competition in the online music space that includes Pandora Media Inc., Spotify and Beats Music. The fast-growing service is still nowhere near Oakland-based Pandora's 77 million active users, and it's difficult to compare the two services because iHeartRadio has not disclosed how many people actively use the service each month. Spotify, the Stockholm-based digital music company, recently...

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