iHeartMedia

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Multiplatform Group, Digital Audio Group, and Audio and Media Services Group. The Multiplatform Group segment consists of Broadcast radio, Networks and Sponsorships and Events businesses. The Digital Audio Group segment focuses on the Digital businesses, including Podcasts. The Audio and Media Services segment includes Katz Media Group (“Katz Media”), the company's full-service media representation business, and RCSSound Software (RCS), a provider of scheduling and broadcast software and services. The company was founded by L. Lowry Mays and B. J. McCombs in May 2007 and is headquartered in San Antonio, TX.

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iHeartMedia achieves record Q4 earnings, eyes digital growth amid challenges

iHeartMedia's Q4 2022 earnings call showcased exceptional financial performance, operational efficiency gains, and strategic initiatives positioning the company for long-term success. While facing near-term revenue challenges and margin pressures from low-margin businesses, iHeartMedia remains focused on growth opportunities in digital audio and broadcast radio.

iHeartMedia surpasses Q1 expectations, eyes podcasting growth and efficiency

iHeartMedia's Q1 performance exceeded expectations, with strengths in podcasting and market positioning offsetting challenges in the Multiplatform Group.
The company's focus on revenue growth, cost management, and technology investments align with opportunities in podcasting, marketplaces, and operational efficiency.
While facing revenue declines and cash flow challenges, iHeartMedia remains optimistic about future performance, driven by podcasting, streaming, and AI initiatives.
Management's emphasis on financial discipline, margin improvements, and efficiency enhancements underpin iHeartMedia's strategy for sustained growth and market leadership.

iHeartMedia reports solid Q2 performance, eyes strong Q4 recovery

iHeartMedia delivered a solid Q2 performance meeting adjusted EBITDA guidance and generating positive free cash flow. The company faces challenges with revenue declines and a significant impairment charge but anticipates a strong Q4 recovery.
Strengths lie in financial discipline, strategic marketing prowess, and effective consumer engagement strategies. Opportunities include leveraging digital channels, enhancing data capabilities, and capitalizing on podcasting's engagement potential.
Navigating challenges while capitalizing on opportunities will be key for iHeartMedia's growth and resilience. The company's strategic foresight and market understanding position it well for the future despite short-term hurdles.
Investments in data capabilities, digital channels, and maintaining positive free cash flow will be crucial for iHeartMedia's success amidst evolving market dynamics and competition.

iHeartMedia surpasses Q3 expectations with strong podcasting and digital growth

iHeartMedia's Q3 performance exceeded expectations, driven by strong podcast and digital revenue growth.
While facing challenges in Q4, the company remains confident in its growth trajectory for 2024.
Strategic focus on podcasting, AI, and event monetization positions iHeartMedia for continued success.
Efforts to optimize costs and diversify revenue streams are key priorities for sustained growth.

iHeartMedia reports strong Q4 results, eyes growth in digital audio

iHeartMedia's Q4 performance was solid, with a focus on digital growth and profitability enhancements.
While facing challenges in certain segments, the company is strategically positioned to capitalize on opportunities in broadcast radio and podcasting.
Investors can look forward to a recovery year in 2024, marked by growth initiatives and improved financial performance.

iHeartMedia meets Q1 targets, eyes podcast growth for future success

iHeartMedia's Q1 performance aligned with expectations, with a focus on podcasting growth.
While facing revenue challenges in some segments, the company maintains financial stability.
Opportunities lie in leveraging podcasting momentum and enhancing revenue diversification.
Strategic cost management and digital innovation are key for sustained growth and profitability.

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NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today that Yesenia Bello has been named iHeartMedia's first Senior Vice President of Diversity and Inclusion, effective immediately. Bello will report to Michele Laven, iHeart's Chief Human Resources Officer and Chief Diversity Officer. In this new role, Bello will work closely with Laven and iHeartMedia's executive leadership and Human Resources divisions to drive comprehensive long-term and measurable diversity and Inclusion strategies across i

iHeartMedia Names Yesenia Bello Senior Vice President of Diversity and Inclusion

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the number one audio company in the United States, announced today the launch of “iHeartRadio's Living Black!” spotlighting the power of Black culture yesterday, today and tomorrow throughout Black History Month in February. The nationwide on-air celebration will feature the first-ever “iHeartRadio's Living Black!” special event with performances by Roddy Ricch, 21 Savage, Jhené Aiko, Kirk Franklin and more of today's biggest Hip-Hop, R&B and Gospel m

iHeartMedia Announces “iHeartRadio's Living Black!” Special Event and National On-Air Celebration of Black Culture and Impact in America

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT), the number one audio company in America, today completed an exchange of iHeartMedia Warrants into shares of iHeartMedia Class A Common Stock, the Company's publicly traded equity, or Class B Common Stock. As of December 31, 2020, there were approximately (i) 65 million shares of Class A Common Stock, (ii) 7 million shares of Class B Common Stock, and (iii) 75 million Warrants outstanding. Following the exchange, there will be approxim

iHeartMedia, Inc. Completes Scheduled Exchange of Warrants for Shares of Common Stock

iHeartMedia continues to rebound as business returns heading into 2021. The company continues to grow the podcasts business which has the potential to monetize at much higher rates.

iHeartMedia: 2021 Play

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) announced today that Jordan Fasbender, the company's Deputy General Counsel, has been named Executive Vice President, General Counsel and Secretary effective January 1, 2021. Fasbender will report to Bob Pittman, Chairman and CEO of iHeartMedia, Inc. and Rich Bressler, President, COO and CFO of iHeartMedia, Inc. She will succeed Paul McNicol; McNicol, who intends to retire at the end of 2021, will remain with the company as Executive V

iHeartMedia Names Jordan Fasbender Executive Vice President, General Counsel and Secretary

ViacomCBS

Discovery

Discovery Communications

Shares of ViacomCBS Inc. , Discovery Communications Inc. , and iHeartMedia Inc. are falling in Friday morning trading after Bank of America analyst Jessica Reif Ehrlich downgraded the stocks to underperform. She previously had neutral ratings on shares of Viacom and iHeartMedia, and she had a buy rating on Discovery's stock.

ViacomCBS, iHeartMedia, Discovery stocks fall after Bank of America downgrades

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the number one audio company in America, which also has a greater reach in the U.S. than any other media outlet, announced today the lineup for the fourth annual iHeartRadio ALTer EGO Presented by Capital One. Although fans are unable to attend the 2021 iHeartRadio ALTer EGO in person given the limitations on live events during the pandemic, this year's virtual event, hosted by Woody of iHeartRadio ALT 98.7's nationally-syndicated The Woody Show, will fea

iHeartMedia Announces Lineup for the Virtual 2021 “iHeartRadio ALTer EGO Presented by Capital One” on January 28

NEW YORK--(BUSINESS WIRE)--iHeartMedia (NASDAQ: IHRT) announced today that Gabe Fleet has been named Executive Vice President of Business Affairs and Chief Music Licensing Counsel, effective January 11, 2021. In his new role, Fleet will lead iHeartMedia's Business Affairs team and focus on strategic deals and relationships with the company's music and entertainment partners and be responsible for business and legal affairs across the company's divisions, multiplatform assets and tentpole events

iHeartMedia Names Gabe Fleet Executive Vice President of Business Affairs and Chief Music Licensing Counsel

NEW YORK--(BUSINESS WIRE)--iHeartMedia announced today that it has renewed and extended its relationship with the phenomenal culture-shifting multimedia mogul Charlamagne Tha God, co-host of New York's Power 105's wildly popular and nationally syndicated hit radio show "The Breakfast Club," heard by over 4.5 million listeners each week. One of the world's most well-informed, authoritative, and distinctive media personalities, Charlamagne Tha God has become a crucially important and influential

ADDING MULTIMEDIA iHeartMedia Renews and Extends Relationship With Pioneering Radio Hall of Famer Charlamagne Tha God for the Nationally Syndicated Hit Radio Show "The Breakfast Club”

iHeartMedia Renews and Extends Relationship With Pioneering Radio Hall of Famer Charlamagne Tha God for the Nationally Syndicated Hit Radio Show "The Breakfast Club”

$1 Million In Media To Be Granted To Organizations Working To Positively Impact Social And Racial Justice.UNCF Named The First Grant Recipient $1 Million In Media To Be Granted To Organizations Working To Positively Impact Social And Racial Justice.UNCF Named The First Grant Recipient

iHeartMedia Announces The iHeartRadio Communities Spotlight Media Grant Program

SAN ANTONIO--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that Bob Pittman, Chairman and Chief Executive Officer, and Rich Bressler, President, Chief Operating Officer & Chief Financial Officer, will participate in a question and answer session during the UBS Global TMT Virtual Conference on Wednesday, December 9, 2020 at 9:20 a.m. ET. A live webcast of the session will be available to the general public through a link on the Investors homepage of iHeartMedia's website

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in UBS Global TMT Virtual Conference

SAN ANTONIO--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ: IHRT) announced today that Bob Pittman, Chairman and Chief Executive Officer, and Rich Bressler, President, Chief Operating Officer & Chief Financial Officer, will participate in a question and answer session during the 2020 Wells Fargo TMT Summit on Tuesday, December 1, 2020, at 11:20 a.m. ET. A live webcast of the session will be available to the general public through a link on the Investors homepage of iHeartMedia's website (https

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in 2020 Wells Fargo TMT Summit

iHeartMedia, Inc. (CCU) CEO Robert Pittman on Q3 2020 Results - Earnings Call Transcript

iHeartMedia's (IHRT) CEO Bob Pittman on Q3 2020 Results - Earnings Call Transcript

SAN ANTONIO--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2020. Financial Highlights Quarterly and Monthly Revenue Comparisons Continue to Show Sequential Improvement Q3 Revenue up 53% sequentially, moving from down 47% YoY in Q2 to down 22% YoY in Q3 July, August & September down 27%, 21% and 18% YoY, respectively October revenue increased 2% YoY, benefitting from significant political advertising Digital Revenue Inc

iHeartMedia, Inc. Reports Results for 2020 Third Quarter

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 podcast publisher globally, today announced a co-production and distribution agreement partnership with Pushkin Industries, the audio production company co-founded by Malcolm Gladwell and Jacob Weisberg, that will make iHeartMedia Pushkin's exclusive sales partner for its catalog of premium podcasts including “Revisionist History,” “Broken Record,” “The Happiness Lab with Laurie Santos” and many others. As part of this deal, iHeartMedia and Push

iHeartMedia and Pushkin Industries Announce Major New Sales and Production Partnership

NEW YORK--(BUSINESS WIRE)--To celebrate its annual switch to festive music of the Christmas season across its stations nationwide, iHeartMedia today announced the new iHeartRadio Holiday Special, a virtual concert hosted by Mario Lopez. This 30-minute special event will feature Carrie Underwood, who released her first-ever Christmas album, My Gift, this year, and Josh Groban performing some of the most popular holiday classics, and will broadcast across iHeartMedia's AC, HOT AC and Classic Hits

iHeartMedia Celebrates Its Annual Holiday Music Flip Across Broadcast Stations Nationwide With All-New “iHeartRadio Holiday Special” Featuring Performances From Carrie Underwood and Josh Groban

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (Nasdaq: IHRT), the number one audio company in America, today received a Declaratory Ruling from the Federal Communications Commission (FCC) approving an increase in iHeartMedia's authorized aggregate foreign ownership from 25% to 100%, subject to certain conditions set forth in the Declaratory Ruling. The FCC concluded that the public interest would not be served by prohibiting foreign investment in iHeartMedia of up to 100%. The FCC's decision wil

 iHeartMedia Receives Approval from the FCC to Increase Foreign Ownership to 100%

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the number one audio company in America, today announced the culmination of its 2020 voter participation efforts with longtime partners When We All Vote, a national, nonpartisan nonprofit that brings together citizens, institutions, brands, and organizations to increase participation in every election; The National Urban League, a historic civil rights organization dedicated to economic empowerment, equality, and social justice; Democracy Works, a nonpart

iHeartMedia Supports Numerous Nonpartisan Voting initiatives for Final Seven-day Voter Participation Push

NEW YORK--(BUSINESS WIRE)--iHeartMedia (NASDAQ:IHRT): WHAT: iHeartMedia announced today the programming lineup for the “HBCU Homecoming Celebration on iHeartRadio,” which will feature a number of events designed to shine a light on student excellence through an uplifting, high-energy celebration across multiple iHeartRadio platforms, showcasing HBCU pride, Black excellence and achievement. The special events will include an inspiring artist panel around female empowerment, entrepreneurship and

iHeartMedia Announces a Series of Inspiring Events Featuring Performing Artists Khalid and H.E.R. to Culminate Month-Long “HBCU Homecoming Celebration on iHeartRadio” on November 12

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 audio company in America and the No. 1 commercial podcast publisher globally, today announced it has entered into an agreement to acquire Voxnest, the leading consolidated marketplace for podcasts and the best-in-class provider of podcast analytics, enterprise publishing tools, programmatic integration and targeted ad serving. With this acquisition, iHeartMedia, through Voxnest, will now be able to provide podcast advertisers with additional tar

iHeartMedia to Acquire Voxnest

NEW YORK--(BUSINESS WIRE)--iHeartMedia's new “Building Black Biz Podcast," welcomes Derek Lewis, President, South Division at PepsiCo Beverages North America as its first guest on this newly-launched podcast dedicated to helping support, sustain and grow Black businesses. Hosted by a rotating cast of on-air talent, the weekly podcast will feature business trailblazers in the Black community, from small business owners to CEOs of multinational brands, to offer listeners valuable business advice

PepsiCo's Derek Lewis Joins iHeartMedia's New “Building Black Biz Podcast” As First Guest

NEW YORK--(BUSINESS WIRE)--iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Monday November 9th, 2020, it will issue financial results for the quarter ending September 30, 2020. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 4:30 p.m. (ET) on November 9th. The conference c

iHeartMedia, Inc. to Report Quarterly Financial Results on November 9, 2020

NEW YORK--(BUSINESS WIRE)--iHeartMedia, the No. 1 commercial podcast publisher globally, today announced the release of “Aaron Mahnke’s 13 Days of Halloween” from Blumhouse Television and iHeartMedia a new, original scripted podcast series starring Keegan-Michael Key. iHeartMedia will produce alongside Blumhouse, the iconic horror studio behind Paranormal Activity, Get Out and The Purge, and the podcasting master of horror, Aaron Mahnke. In the 13 days leading up to Halloween, Blumhouse Televis

iHeartMedia Partners with Horror Studio Blumhouse Television and Creator of Supernatural Podcast “Lore” Aaron Mahnke to Produce Immersive Halloween Podcast Series Starring Emmy Award-Winning Actor Keegan-Michael Key

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