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“Music collections always replace each other and radio always tends to be yet another choice,” he says. “Satellite didn’t kill FM. AM didn’t kill FM. (Streaming music) one more choice and one more device you can listen to the radio on.”

digital is an important growth area for the business, even if the $17 billion or so that advertisers spend on radio each year is slow to move over to the Web.

In 2012, Clear Channel made strange bedfellows when it joined forces with Pandora to lobby Congress to lower the rates their services were required to pay artists to stream their music online. The companies eventually backed down from that effort in order to focus on a different political tact.

Online, people “tend to have a favorite and then they bounce around a couple different services,”