Thumbplay to dissolve, sell music segment to Clear Channel
02/28, 11:25pm
Ringtone business to be handled in separate sale
Thumbplay has reportedly failed to fetch enough subscribers to justify continuing forward, leading the company to sell its music subscription service to Clear Channel Radio. Although the company had better luck with its ringtone business, that too will be sold in a separate transaction that has yet to be publicly tied to a specific buyer.