Clear Channel changed its name to iHeartMedia, said the...

Clear Channel changed its name to iHeartMedia, said the owner of streaming radio service iHeartRadio in a news release Tuesday (http://bit.ly/1t861tA). It said Clear Channel Outdoor, owned by iHeartMedia, will retain its name. The new name “reflects both the success and the cultural impact of the iHeartRadio business formed three years ago and the evolution of the company’s major local radio station brands and franchises to include mobile, social and events,” it said. IHeartRadio has become “the dominant national consumer brand among the company’s assets” with “record-breaking digital growth,” said iHeartMedia. It said the new name took effect Tuesday, while its over-the-counter bulletin board new stock ticker symbol, which it didn’t identify, will be used starting Wednesday.