iHeartMedia Acquires RadioJar

Acquired By iHeartMedia

iHEARTMEDIA's RCS subsidiary has acquired audio technology company RADIOJAR INFORMATION TECHNOLOGY S.A. for an undisclosed price. RADIOJAR, based in ATHENS, GREECE, is a cloud-based audio playout platform that will allow iHEART and RCS clients to merge audio elements like voice tracks, music, and ads into streams and podcasts. RADIOJAR will also continue to provide services to independent podcasters, radio stations and individuals allowing those clients to create their own radio stations from anywhere in the world.

“Because we lead in all audio categories and understand the entire landscape, from broadcast radio to streaming radio to podcasts, we are always looking for next-generation technologies and services that can complement the overall audio ecosystem,” said iHEARTMEDIA Pres./COO/CFO RICH BRESSLER. “We recognize that broadcast radio has a very unique set of programming tools that make listening a smoother and more enjoyable experience. These new capabilities will allow for the seamless nature that has only been available on radio to transition to other audio mediums including digital stations and podcasts.”

“Complementing our recent announcements about our cloud-based scheduling, playout and disaster recovery services, this acquisition will help RCS bring an even wider range of sophisticated online broadcast tools to our customers,” said RCS Pres./CEO PHILIPPE GENERALI. “In the near future, using cloud-based technology, it will be possible to launch a brand-new radio service across broadcast and digital within minutes of the original idea. The ultimate ‘pop-up’ radio station, if you will.”

“The RADIOJAR team is excited to be joining forces with the largest audio company in AMERICA -- iHEARTMEDIA, as well as RCS -- a company known around the world for its audio software innovation,” said RADIOJAR CEO STATHIS KOUTSOGEORGOS. “We share a vision about the importance of cloud-based technologies, and we look forward to the opportunity to evolve and offer our products and services to an even wider audience."

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