BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Online radio advertising took a greater step towards consolidation on Tuesday, thanks to an acquisition involving Ronning Lipset Radio. According to the New York Times, the buyer is CBS-backed* TargetSpot, a group that allows anyone to inject audio or visual spots into its network of streaming stations. Ronning Lipset offers a similar service that allows clients to position advertisements across partners like Yahoo Radio, Live365, and AOL Radio (now powered by CBS Radio).
The buyout price was not disclosed, though a number of factors may have softened the price. That includes relatively modest online radio revenues, estimated at $500 million this year by eMarketer. Overall internet advertising is expected to top $25 billion this year, though a broader downturn is likely to lower both figures. Top-line recessionary pressures, including lowered venture capital financing, may have also pushed the acquisition price lower.
*We initially reported that TargetSpot was owned by CBS Corporation, though CBS is actually an investor in the company.
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