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First Ever iHeartRadio Awards Coming to NBC in May

The show will be broadcast from the Shrine Auditorium in Los Angeles

NBC will televise Clear Channel's first ever iHeartRadio Music Awards on May 1, both companies announced Wednesday.

The inaugural award show will air between 8-11 p.m. ET/PT on NBC from the historic Shrine Auditorium in Los Angeles. The event's audio will be broadcast or streamed live across all participating Clear Channel radio stations and their websites, as well as on iHeartRadio.

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This year's biggest artists and songs will be showcased through performances and appearances, while awards are handed out based on results of the iHeartRadio Chart, which is supplied and compiled by airplay monitoring company Mediabase

The show will feature 13 different award categories across all genres of music. Each category will initially feature 10 nominees, and listeners will then narrow the field to five finalists during a four-week period, with the finalists to be announced during a one-hour special live event on March 26 at the iHeartRadio Theater in Los Angeles.

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"Collaborating with a company that has the global reach of Clear Channel allows us to interact with music fans all over the world," Paul Telegdy, president of NBC's Alternative and Late Night Programming, said in a statement. "We feel fortunate being on the ground floor of the iHeartRadio Music Awards, which will deliver an array of great performances from today's biggest stars."