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RAIN 12/29: RAIN's Year in Review, Pt. 2
·Dec 29, 10:06 AM
Posted by: Michael Schmitt

RAIN’S REVIEW OF 2009 CONTINUES TODAY

Yesterday, we began a review of 2009 by highlighting the major radio and Internet news stories of January through March (find our coverage here). We continue our coverage today with a quick look at the big developments of April through June of 2009. Our Year in Review coverage continues tomorrow and Thursday.

RAIN 4/7: Net radio found to reach 42M weekly in the U.S.; listening up 27% in past year

Internet radio’s weekly U.S. audience hit 42 million, according to Arbitron’s and Edison Research’s latest Infinite Dial study. That represents 17% of Americans age 12 and older, and it’s more than double the audience of 2005, estimated at 20 million people… (continue reading here).

RAIN 4/14: Webcaster Goom Radio gets $16 million to build business

Lean economy and outrageous royalty demands be damned! New York-based Internet webcaster Goom Radio secured $16 million in funding from Wellington Partners Venture Capital, Elaia Partners and Partech International. Former Clear Channel New York market manager Rob Williams and former director of dMarc Broadcasting under Google Drew Hilles announced the launch of Goom Radio in the U.S. in March… (continue reading here).

RAIN 4/27: Webcast Metrics to measure Pandora listening

Ando Media’s Webcast Metrics announced that they would measure listening for Pandora Internet radio streams. Ando said the addition of Pandora to the roster will effectively double the number of listeners the service tallies… (continue reading here).

RAIN 5/5: New CBS division brings together Last.fm, online radio

CBS Radio’s David Goodman will head the new CBS Interactive Music Group, which pulls together the company’s various online music units. PaidContent.org (in The Washington Post) reports, “The new unit… will house CBS Radio’s roughly 100 music websites and online audio streams, as well as its various mobile apps… (continue reading here).

RAIN 5/20: Pandora launches featured-packed subscription plan, predicts a profitable 2010

Pandora announced a slew of new features and updates that may help the company realize founder Tim Westergren’s vision of a profitable 2010. Westergren spoke with Bloomberg, explaining that Pandora’s revenue may double to $40 million next year, making the company — for the first time — profitable… (continue reading here).

RAIN 6/30: President signs Webcaster Settlement Act of 2009

President Obama signed the Webcaster Settlement Act of 2009, giving webcasters and SoundExchange an additional 30 days to negotiate royalty rate agreements… (continue reading here).



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