iHeartMedia’s Pittman: We Don’t See Spotify as a Competitor

CNBC: Bob Pittman, CEO of iHeartMedia: “We don’t see Spotify as a rival; that’s sort of the music collection — their ancestor was Tower Records. And we’ve always had a great synergistic relationship between radio, where people discover their music, and their music collection … whether it is a stream or CD or whatever it was in the past.”