i talked to the clear channel ceo bob pitman.runs the biggest radio network in the country. 250 million have monthly listeners. we talked about how traditional radio is competing with those digital places like spotify and pandora. here's what he had to say. >> i thought i heart radio had all the buzz. we are faster than all of those services. we were second-fastest to 30 million and 40 million. i am sure we will be equally as impressive there. when you get into that game, and we are bigger than spotify, that is our digital. all of the guys added up. is still 90% of listening. don't think the shiny new thing is everything. we are so excited about i heard radio. done onthe listening is broadcast radio. >> does it concern you that i heart radio could take advertising dollars from traditional radio? >> we don't care. like z 100 inion new york or k fim los angeles. franchises. we don't think they are broadcast. we think they are franchise. to get thisas through satellite or nam or fm band, we don't care. it is the same to us. we are l

the fact of the matter, it isn't just pandora who last year alone, but the head of clear channel, bob pitman announced a few days ago, that the i heart radio, that's terrestrial radio simulcast on line, has 50 million users and has made hundreds of millions of dollars which i sure you is vastly in excess of the content of where we sit. secondarily, we have 500 more services now using the statutory license that sound exchange, 500 more than were there two years ago when i last testified before this committee. the majority of those are 500 are broadcasters, like those that we were speaking about with going online. >> mr. williams? >> you asked about what we would change right now? thanks to collins and jeffries it's the song writers's equity act. it fixes it immediately. i agree with what mr. christian says about the value of a blanket license. it's a wonderful way to come together and simplify the system and for somebody like pandora that 70% of their income is rolling out for royalty payments, i have to remind everybody that ascapp is getting about 1 or 2%. i'm under oath, i won't say it's 1