Clear Channel and Suburban Noize Records to Partner on Digital and Broadcast Revenue-Sharing

Clear Channel and Suburban Noize Records to Partner on Digital and Broadcast Revenue-Sharing
 
Market-Based Agreement is Another Step Towards Creating a Sustainable Business Model for Digital Radio
 
[Los Angeles, CA and New York, NY] – September 10, 2013 – Clear Channel Media and Entertainment, the leading media company with a greater reach in the U.S. than any other radio or television outlet, and indie music label Suburban Noize Records today announced an agreement that will enable Suburban Noize artists to share in broadcast and digital revenue.
 
Suburban Noize was founded in 1995 in Los Angeles, CA, and has since worked to promote underground artists and their unique styles around the world. The label is now home to a catalogue of thousands of original songs by artists including Madchild -- whose last release debuted #2 on the Canadian music charts -- and Big B, who just released his new album, “Fool’s Gold,” featuring a song co-written by the Dirty Heads. Kevin Zinger, who currently serves as co-owner and CEO of Suburban Noize, also owns Regime Management and SRH clothing.
 
“Throughout my career I have worked to help break up-and-coming underground artists,” said Zinger. “I want to do what I can to develop our artists’ careers and to make their music accessible to their fans around the world, and this agreement with Clear Channel helps me do that.”
 
“Suburban Noize is dedicated to supporting and promoting its wide range of artists,” said Bob Pittman, CEO of Clear Channel. “We are proud to partner with them to help their musicians reach fans through broadcast and digital radio. This revenue-sharing model is the future of the music industry and will benefit everyone from artists to labels to fans for years to come.”
 
The market-based agreement between Clear Channel and Suburban Noize follows Clear Channel’s landmark revenue-sharing agreement with Fleetwood Mac – the first direct performing rights partnership between a radio company and an artist. Clear Channel has also formed similar partnerships with other labels, including Big Machine Label Group, Glassnote Entertainment Group, eOne, Dualtone, DashGo, rpm Entertainment, Robbins Entertainment, Naxos, Wind-up Records, Fearless Records, Dualtone Music Group and Zojak World Wide.
 
About Suburban Noize
Suburban Noize Records is an independent music label that was founded in 1995 in Los Angeles, CA, Inspired by rap and punk labels that set a precedent of self empowerment, independence, and a do-it-yourself work ethic. Today the label is home to a diverse roster of artists and bands from a variety of genres, as well as an eclectic catalogue. Suburban Noize has grown into an independent powerhouse that has sold over 4 million records, had more than 30 releases chart on the Billboard Top 200, and had the #1 independent album in the country.

More information can be found at www.suburbannoizerecords.com.

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.