Here’s all the music industry news you need to know today.

Songwriters worldwide are invited to enter the 2018 Vanda & Young Songwriting Competition to go into the running for a first place cash prize of A$50,000, courtesy of APRA AMCOS,Alberts and BMG. – via APRA AMCOS

Radio Ratings: ARN delivers third consecutive #1 network, holding the #1FM station and Breakfast shows in Sydney, Melbourne and Adelaide. Nova Entertainment‘s top assets, Nova 96.9 and Smooth, both gained share in Sydney breakfast
– via AdNews

Creative Victoria and the Australian Independent Record Labels Association (AIR) is launching Music Passport a three-year program focusing on a new Target Country each year. This year it’s all about Germany with a free info night held on Wednesday 22nd November, from 2pm at The Cube – ACMI. – via Noise11

iHeartMedia has painted a grim picture of its finances in its quarterly report, saying it lost $248m in Q3 and increased its overall debt by $200m. – via Billboard

Teamwrk Records is a new dance music label launched by leading Australian dance music agency and management company, Melbourne based, Lucky EntertainmentUniversal Music Australia and Teamwrk have partnered for exclusive global digital and physical distribution, as well as promotions and marketing services provided by Universal Music Australia on selected artists. – via Facebook