![]() RAIN 3/15: Cumulus to invest in personalized radio tech, says CEO DICKEY: ACQUISITION OF CITADEL PROVIDES “NECESSARY SCALE” FOR INVESTMENTCumulus CEO Lew Dickey, speaking in a Q4 earnings call, said incorporating Citadel will give Cumulus “the necessary scale to invest in technology-based initiatives including![]() Dickey also revealed that Cumulus is working on some sort of Groupon-like service. Again, the incorporation of Citadel gives Cumulus “the critical mass to develop social commerce initiatives.” Tom Taylor has more on the story in his Radio-Info newsletter today, which you can sign up for here. Cumulus was in the news yesterday for leading the way in recent online radio growth (RAIN coverage here). They scored 73.5% growth from July to December 2010, Inside Radio reported, beating out Slacker, AccuRadio and Pandora. Looking deeper into the numbers, we found that Cumulus’ large growth is mainly due to strong increases in August and September 2010. We tried to contact Cumulus for more information but have yet to hear back. Stay tuned. NEW STATUTORY RATES FOR WEBCASTERS PUBLISHED IN FEDERAL REGISTERThe Copyright Office last week published the Copyright Royalty Board’s![]() He then outlines the different rates as determined by the Copyright Royalty Board and various deals settled between broadcasters, webcasters and SoundExchange. “It is a confusing royalty world,” writes Oxenford (pictured right), “with services paying differing amounts for essentially the same service. These rates will be in place until the end of 2015. After that, who knows what rates will apply.” You can hear more legal insights from David Oxenford at RAIN Summit West 2011, scheduled for April 11 in Las Vegas during the NAB Show. Find out more here. HYPEBOT: PITTMAN NOT IN-TUNE WITH PANDORA’S SUCCESSClear Channel’s Bob Pittman (pictured left) has shared![]() “Judging by Pittman’s opinion on Pandora, either he’s ignorant of Pandora’s appeal or is marginalizing its success,” responds Hyebot. “If Pittman thinks Pandora is a glorified playlist generator, he obviously doesn’t understand the personalized radio technology that he bought from Thumbplay,” which, Hypebot points out, happens to be just “a playlist generator.” “If Pandora is just an iPod Shuffle, Pittman should realize that it too plays music people actually like. Why? Because a human programed that playlist too.” You can read the full article here. AIRKAST ANNOUNCES DEAL WITH JUMP2GOAirKast announced today a partnership with Jump2Go that allows AirKast client stations![]()
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