The digital audio segment accounted for 31% of iHeart's revenue, up from 28% a year earlier.
The decrease, though better than the same quarter last year, contributed to an overall 3% decline in the company's quarterly revenues.
Labels are promoting fewer tracks to radio, and stations are programming more on data than on personal taste, meaning big hits "tend to have a wider footprint" on the airwaves.
Amid heavy debt loads, advertising declines and competition from streaming, stations are eliminating often highly paid a.m.-drive talent.
While the American Music Fairness Act isn't fundamentally different from its predecessors, market conditions have changed and lawmakers sound more frustrated than before.
The American Music Fairness Act would "correct 100 year old issue regarding artists and non payment for their work," said Randy's wife, Mary, at Wednesday's hearing.
With the American Music Fairness Act back in the spotlight, A2IM president Richard James Burgess writes that AM/FM stations should have to pay for the songs they play.
The 1-for-10 stock split reduces the number of shares in hopes of boosting the company's stock when it merges with Liberty Media's tracking stock later this year.
Kraig Kitchin, co-chair of the Radio Hall of Fame, is among the honorees.
"It is actually quite a complicated format and he made it look easy," Steven Van Zandt wrote in tribute.
