Google said to make radio ad deal

Report: Search engine to sell ads for radio station operator Clear Channel.


NEW YORK (CNNMoney.com) -- Google has agreed to sell advertising on all of the stations owned by Clear Channel Communications beginning at the end of June, according to a published report.

In its Monday editions, the New York Times said the deal will give the Internet search engine access to just under 5 percent of the commercial time on Clear Channel's 675 stations.

The Times said terms of the deal weren't disclosed, except that Clear Channel (Charts) will receive the majority of the ad revenue.

Google (Charts) has been trying to expand its ad sales beyond the Internet to traditional media, including newspapers, television and radio. The Times said the deal with Clear Channel, the nation's largest radio station operator, is its first breakthrough in radio.

On Friday, Google announced it is buying DoubleClick, the digital services marketing firm, for $3.1 billion.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.