CBS focuses its online radio properties
It's like the golden age of radio for the Internet generation. The same company that in 1927 formed a nationwide network from 16 affiliate radio stations announced it has spun off the single largest online radio service to date. CBS has formed a new business unit called the CBS Interactive Music Group, which rounds up more than 100 sites and 400 stations and combines them with AOL Radio, Yahoo LaunchCast, and Last.fm under a single governing body.
CBS says that in March, CBS Radio had over 6.5 million listeners who streamed a combined 83 million hours worth of audio. Taken alone, it sounds like a massive number, but when compared to the consumption of audio through sites such as Pandora and Jango, the grandiosity promptly dissolves. According to siteanalytics.compete.com, cbsradio.com enjoyed only 97,150 unique visitors in March while radio.aol.com only had 41,108.
Pandora.com, meanwhile, had 3,553,966 unique visitors. Last.fm is CBS' most competitive property within the new Interactive Music Group, and drew 2,609,755 unique visitors in March. While that still trails behind Pandora, it outdoes Jango by almost 1.2 million.