Apple unveils iTunes Radio; Clear Channel unfazed

06/11/2013 | Wall Street Journal, The

Apple's iTunes Radio, which was introduced on Monday, could make life more difficult for Spotify and other music services because of its exclusive content, connections to the iTunes store and innovative interface, Hannah Karp writes. However, Clear Channel doesn't see iTunes Radio as competition for its iHeartRadio streaming service, CEO Bob Pittman said. "I think that Apple has a little bit of a problem with iTunes because of people using new subscription services like Spotify instead of buying downloads -- this is a way to make iTunes a little sexier and zippier," Pittman said.

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