Shared Reading is an important component of any balanced literacy curriculum. Shared Reading happens in the classroom when a teacher uses a bigbook or a chart with large print to read not to the class, but with the class. All members of the class "share" the reading. Shared reading mimics the laptime experience a child gets at home with a parent. Songs make terrific shared reading texts. In a classroom, songs can be printed in large print on chart paper. At home, songs can be written or printed on regular sized paper.
Over the course of a week, reading the same shared reading text daily, you may go through progressive lessons. The first day, you might do modeled reading. The next day you might leave out the last (rhyming or predictable) word of a line, allowing the child to read that word. This technique is called oral cloze. The next day, you might act out the song, or move to it. Then you might do choral reading, with everyone reading together like a chorus. For a comprehension activity, ask questions and talk about the text, or ask a child to illustrate it. Some echo songs or call and response songs like "One Potato, Two Potato" lend themselves well to interactive reading. Eventually, children will use a shared reading text for independent reading. Even if a child is employing memorization and recitation, without decoding, I like to encourage them and say "Good reading" for every attempt.