Clear Channel and Dualtone Music Group Announce Agreement to Share Digital and Broadcast Radio Revenue with Artists

Clear Channel and Dualtone Music Group Announce Agreement to Share Digital and Broadcast Radio Revenue with Artists

Dualtone, the Leading Indie Roots-Rock Label, to Join Clear Channel’s Forward-Thinking Record Label Partners

New York, NY/Nashville, TN – June 5, 2013 – Clear Channel Media and Entertainment and Dualtone Music Group, a leading boutique independent music label, today announced an agreement that enables Dualtone and its artists to share revenue from Clear Channel’s broadcast and digital radio.

Clear Channel Media and Entertainment is the leading media company in America with a greater reach than any other radio or television outlet.

Dualtone Music Group is a Nashville-based independent label specializing in roots rock, indie rock and critically acclaimed singer/songwriters. Founded in 2001 by Scott Robinson, the label’s CEO, Dualtone is known for its thoughtful approach to artist development, providing dedicated attention to a small roster and focusing on gradual, long-term success.

This style has attracted artists like The Lumineers, whose quadruple-platinum single “Ho Hey” has garnered more than 65 million YouTube views, is consistently in the top ten on the Billboard Hot 100, and whose self-titled debut album went platinum as the band was nominated for two Grammy Awards.

Dualtone’s current artist roster includes The Lumineers, Shovels & Rope, Ivan & Alyosha, Little Comets and legendary songsmith Guy Clark. Overall, Dualtone’s artists have been nominated for 17 Grammy Awards, including three wins.

“Dualtone is dedicated to the long-term career development of each artist on our roster, and radio plays an essential role in their success,” said Scott Robinson. “We will do whatever we can to help ensure a vibrant future for Internet radio as well as recognizing the continuing importance of broadcast radio. This is how our artists can reach as many of their fans as possible – wherever they are, on whatever device they’re using – and is an invaluable factor in their success.

“Dualtone has achieved enormous success over the past few years, in large part due to their nurturing approach to emerging artists,” said Bob Pittman, CEO of Clear Channel. “Their business philosophy is similarly focused on the long term, so they understand that Clear Channel is trying to move the digital radio industry towards a more sustainable model for the future and ensure fans get the music they want when and where they want it. We’re excited to partner with Dualtone.”

Clear Channel’s market-based agreement with Dualtone follows several recent, similar agreements, including Big Machine Label Group, Glassnote Entertainment Group, DashGo, rpm Entertainment, Robbins Entertainment, Naxos, eOne, Wind-up and Fearless Records.

About Dualtone
Dualtone Music Group is a Nashville-based independent label specializing in roots rock, indie rock and critically acclaimed singer/songwriters. Dualtone’s diverse catalog boasts over 200 titles including albums from Brett Dennen, June Carter Cash, Mark Olson, Daniel Johnston, Townes Van Zandt in addition to several tribute albums featuring new recordings from acts such as Norah Jones, Emmlyou Harris, Henry Rollins and Johnny Cash. Current artist roster includes The Lumineers, Shovels & Rope, Ivan & Alyosha, Little Comets and legendary songsmith, Guy Clark. Overall, Dualtone’s artists have been nominated for 17 Grammy Awards, including three wins.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 500 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.