LOS ANGELES -- Yahoo is teaming up with radio station giant Clear Channel, expanding on its strategy to offer exclusive content to counter Facebook and Google in the competition for Internet advertising dollars.

The company said late Wednesday that, as part of the deal, it will provide exclusive live video of this year's iHeart Radio Music Festival, which is sponsored by Clear Channel's fledgling online music service.

It also plans to carry nearly a dozen live events annually put on by Clear Channel.