Planning to be cash-flow positive with only one million subscribers and calling the service to launch by 4Q 2000, CDRD appears to be a viable near term threat. The satellite based service has never been attempted . Supplemental transmitter costs could be insurmountable. CDRD ran successful tests in 1993 and 1994, but they were land based. The Internet is a fantastic distribution platform.
Internet needs radio.
With its tight hold on the ears listeners, radio stations can very effectively drive crowds. Internet needs Outdoor . A One-Stop Shop that offers Global Contracts Clear Channel management has explicitly stated that much of future acquisition activity will come from the outdoor segment, both domestically and internationally. International expansion will carry growth over the next decade. The More Group, operating in 22 countries, was purchased by Clear Channel over the summer of 1998.