There are lots of reports this morning that Apple will be launching iTunes Radio within the next month.
Apple has a release schedule that is expected to release the new iPhones on the 10th of September, with the new iPhones going on sale 10 days later in some countries. Thus, its expected that iTunes Radio will be released at the same launch even as will iOS 7.
Its also been reported that iTunes Radio will feature audio ads every 15 minutes or so and video ads every hour. Top brands have already signed up for advertising: McDonald’s, Nissan, Pepsi and Procter & Gamble. The minimum buy-in for iAds within iTunes Radio is currently at $1 million.