iHeartMedia, Inc. operates as a media and entertainment company worldwide. It operates through two segments, Audio, and Audio & Media Services. The Audio segment offers broadcast radio, digital, mobile, podcasts, social, program syndication, traffic, weather, news and sports data distribution, and on-demand entertainment, as well as live events, including mobile platforms and products; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,500 radio station affiliates. It also delivers real-time traffic and incident information, and weather updates, sports, and news through approximately 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2020, this segment owned 858 radio stations, which included 244 AM and 614 FM radio stations. The Audio and Media Services segment engages in the media representation business. This segment also provides broadcast and webcast software, such as radio station automation, music scheduling, HD2 solutions, newsroom software, audio logging and archiving, single station automation, and contest tracking software; and real-time audio recognition technology to approximately 9,000 radio stations, television music channels, cable companies, satellite music networks, and Internet stations. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.
IPO Year:
Exchange: NASDAQ
Website: iheartmedia.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $1.00 → $3.00 | Underperform → Neutral | BofA Securities |
| 3/28/2023 | $6.50 → $4.00 | Neutral → Underperform | BofA Securities |
| 3/1/2023 | Outperform → Mkt Perform | Barrington Research | |
| 3/1/2023 | $10.00 → $5.00 | Neutral → Underweight | JP Morgan |
| 8/10/2022 | $15.00 → $9.00 | Buy → Neutral | Goldman |
| 7/8/2022 | $23.00 → $9.00 | Overweight → Equal Weight | Wells Fargo |
| 6/24/2022 | $30.00 → $10.00 | Buy → Neutral | BofA Securities |
| 6/10/2022 | $25.00 → $11.00 | Equal-Weight → Underweight | Morgan Stanley |
| 5/9/2022 | $28.00 → $19.00 | Overweight → Neutral | JP Morgan |
| 10/5/2021 | $23.00 → $25.00 | Equal-Weight | Morgan Stanley |
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8-K - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
10-Q - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
10-Q - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
8-K - iHeartMedia, Inc. (0001400891) (Filer)
Hosted by Martin Luther King III, Arndrea Waters King, Craig Kielburger and Marc Kielburger, the podcast explores the defining moments and untold struggles shaping the legacies of extraordinary leaders Launching on MLK Day, podcast guests include Mel Robbins, Dr. Sanjay Gupta, David Oyelowo, Billy Porter, Martin Sheen, and many more In celebration of Dr. Martin Luther King, Jr.'s legacy, iHeartMedia will award a $5 Million Spotlight Media Grant to 'Realize the Dream' NEW YORK, Jan. 16, 2025 /CNW/ -- iHeartMedia, The Martin Luther King III Foundation and Legacy+ today announced "My Legacy," a groundbreaking new iHeartPodcast series that will offer listeners an intimate look into the stories b
The partnership will continue to generate new shows for the NFL Podcast Network including "Lots to Say," co-hosted by iHeart's Bobby Bones and former NFL quarterback Matt Cassel, a new original podcast series giving sports talk shows a new spin iHeartMedia, the No. 1 podcast publisher globally, and the National Football League (NFL) today announced an extension to the exclusive partnership that first launched the NFL Podcast Network in 2021. As part of the deal, new original podcasts and NFL Club shows will debut each year, and existing favorites will continue to be available on the NFL Podcast Network. Additionally, iHeart will identify other existing podcasts to join the NFL Podcast Net
The event will celebrate the most influential podcasters of 2024 across 29 categories including the coveted fan-voted Podcast of the Year award Nominees for Podcast of the Year include "Normal Gossip," "Three," "Giggly Squad," "Call Her Daddy," "Las Culturistas with Matt Rogers and Bowen Yang," "Hysterical," "The Telepathy Tapes," "Who Killed JFK?," "Empire City: The Untold Origin Story of the NYPD" and "The Good Whale" Sarah Spain, Dan Taberski and Daniel Alarcón to be honored with Icon Awards The event will also broadcast on select iHeartMedia radio stations nationwide, digitally through the iHeartRadio app and video stream on iHeartRadio's YouTube Channel iHeartMedia, the No. 1 p
iHeartMedia, Inc. (NASDAQ:IHRT) ("iHeartMedia" or the "Company") today announced the successful completion of its previously announced comprehensive exchange transactions of iHeartCommunications, Inc.'s ("iHeartCommunications") outstanding 6.375% Senior Secured Notes due 2026 (the "2026 Secured Notes"), 5.25% Senior Secured Notes due 2027 (the "2027 Secured Notes"), 4.75% Senior Secured Notes due 2028 (the "2028 Secured Notes"), 8.375% Senior Notes due 2027 (the "Unsecured Notes") and senior secured term loans due 2026 (the "Existing Term Loans") (collectively, the "Existing Debt") for new 9.125% Senior Secured First Lien Notes due 2029, 7.750% Senior Secured First Lien Notes due 2030, 7.00
Delivers industry-first features and a fresh, tailored user experience based directly on listener feedback iHeartMedia, the No. 1 audio company in America by reach, today announced the debut of its next-generation iHeartRadio app, redesigned with industry-first mobile features and access to exclusive content. The new app interface — iHeartRadio's most significant product update since its initial launch in 2011 — embraces the ease and simplicity that listeners want and have come to expect with broadcast radio in the car -- bridging the gap between the traditional car radio experience and mobile streaming. Drawing from extensive user research and feedback, the redesigned iHeartRadio app ref
New integration boosts targeting, measurement, and attribution for iHeartMedia's audio platforms iHeartMedia, the leading audio company in the United States, today announced its adoption of Unified ID 2.0 (UID2), a privacy-focused, open-source identity framework pioneered by The Trade Desk. Designed to meet the evolving needs of audio advertising, UID2 empowers iHeartMedia's advertising partners with advanced tools for more effective targeting, precise measurement, and accurate attribution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241211734654/en/ With its unparalleled reach including 860 live broadcast and streaming rad
iHeartMedia, Inc. (NASDAQ:IHRT) ("iHeartMedia", the "Company" or "we") today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.'s ("Communications") outstanding 6.375% Senior Secured Notes due 2026 (the "Existing 2026 Secured Notes"), $743,023,000 aggregate principal amount (99.1%) of Communications' outstanding 5.25% Senior Secured Notes due 2027 (the "Existing 2027 Secured Notes"), $221,587,000 aggregate principal amount (44.3%) of Communications' outstanding 4.75% Senior Secured Notes due 2028 (the "Existing 2028 Secured Notes" and, together with the Existing 2026 Secured Notes and Exist
iHeartMedia, Inc. (NASDAQ:IHRT) ("iHeartMedia", the "Company" or "we") announced the November 15, 2024 commencement of (i) exchange offers (the "Exchange Offers") for iHeartCommunications, Inc.'s ("Communications") outstanding 6.375% Senior Secured Notes due 2026 (the "Existing 2026 Secured Notes"), 5.250% Senior Secured Notes due 2027 (the "Existing 2027 Secured Notes"), 4.750% Senior Secured Notes due 2028 (the "Existing 2028 Secured Notes" and together with the Existing 2026 Secured Notes and the Existing 2027 Secured Notes, the "Secured Notes") and 8.375% Senior Notes due 2027 (the "Existing Unsecured Notes" and, together with the Secured Notes, the "Existing Notes"), and (ii) concurren
More than 85 stations across the country flip the switch to holiday music making iHeartRadio the holiday music destination Hosted by Mario Lopez, The Holiday Special will feature interviews with Dan + Shay, Jennifer Hudson, Jimmy Fallon, Kelly Clarkson and more, broadcasting on iHeartMedia stations nationwide on November 27 iHeartMedia announced that the annual station flip to holiday music kicks off today with more than 85 stations across the country broadcasting the season's festive music from today's biggest artists as well as Christmas classics from Bing Crosby, Dean Martin, Frank Sinatra and more 24/7. Continuing the celebration of the holiday season, the iHeartRadio Holiday Specia
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights:1 Announced Debt Exchange Transactions and Cost Efficiency Actions Entered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company's outstanding term loan and notes to exchange $4.1 billion of existing debt; extend maturities by three years; keep consolidated annual cash interest essentially flat; and provide debt reduction Announced cost programs expected to generate $150 million of annual cost savings in 2025. In addition, programs enacted earlier this year will generate another $50 million in 2025, fo
4 - iHeartMedia, Inc. (0001400891) (Issuer)
The partnership will continue to generate new shows for the NFL Podcast Network including "Lots to Say," co-hosted by iHeart's Bobby Bones and former NFL quarterback Matt Cassel, a new original podcast series giving sports talk shows a new spin iHeartMedia, the No. 1 podcast publisher globally, and the National Football League (NFL) today announced an extension to the exclusive partnership that first launched the NFL Podcast Network in 2021. As part of the deal, new original podcasts and NFL Club shows will debut each year, and existing favorites will continue to be available on the NFL Podcast Network. Additionally, iHeart will identify other existing podcasts to join the NFL Podcast Net
The four-season deal marks the first foray into investigative journalism for the "Law & Order" brand iHeartPodcasts, the No. 1 podcast publisher globally according to Podtrac, Universal Television (UTV) and Wolf Entertainment today announced that they have inked a deal to develop and co-produce "Law & Order: Criminal Justice System," an unscripted true-crime series that furthers the "Law & Order" brand's expansion into audio and marks the first foray into investigative journalism. The deal will encompass four 12-episode seasons. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815440894/en/(Graphic: Business Wire) "Law & Orde
iHeartMedia, the leading audio company in America with a greater reach in the U.S. than any other media outlet, announced today that Jess Hilarious will join the wildly popular, nationally syndicated hit radio show "The Breakfast Club" as its new co-host, effective February 5, 2024. "The Breakfast Club" broadcasts weekday mornings from 6 a.m. to 10 a.m. ET. Jess Hilarious will join DJ Envy and Charlamagne Tha God on New York Power 105.1's top-rated morning show "The Breakfast Club," which is syndicated nationally by Premiere Networks on nearly 100 radio stations across the country reaching millions of listeners. "The Breakfast Club" connects listeners with unrivaled interviews and convers
The in-person ceremony honors podcasting excellence across 29 categories including fan-voted Podcast of the Year Award The event will video stream in partnership with YouTube iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, has joined forces with South by Southwest (SXSW) to announce the return of the iHeartPodcast Awards, which will take place live and in-person during the SXSW Conference and Festivals in Austin, TX. The event will be held at the Fairmont Hotel on Monday, March 11 at 8 p.m. CT and will honor the best and most innovative industry podcasts and creators of 2023. The ceremony will broadcast live on select iHeartMedia Radio Stations nationwide, throug
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
"Big Money Players Circle" is designed to elevate emerging social media comedy creators hand-selected by Ferrell "The Big Money Players Comedy Hour Presented by Straight Talk Wireless" is hosted by Bobby Bones, Mario Lopez and Tanya Rad and EJ on October 5 across iHeartMedia radio stations nationwide Circle inductees will take center stage at the New York Comedy Festival in New York City on November 12 during the Big Money Players Circle LIVE Showcase iHeartMedia and Will Ferrell's Big Money Players Podcast Network (BMP) today announced the "Big Money Players Circle." Will Ferrell has hand selected the freshest and funniest social sensations to join the BMP network and be showcased ac
TAMPA, Fla., Oct. 28, 2021 /PRNewswire/ -- Big Brothers Big Sisters of America (BBBSA), the country's preeminent leader in one-to-one youth mentoring, has announced Tony Coles, iHeartMedia's division president of Metro Markets, and president of Black Information Network (BIN), as its newest board member. "I'm excited to join a powerful board focused on making sure the next generation is prepared for life." Coles brings expertise in media and a passion for mentorship, especially in reaching communities of color, to BBBSA to increase equity and make a lasting impact on the lives
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4 - iHeartMedia, Inc. (0001400891) (Issuer)
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights:1 Announced Debt Exchange Transactions and Cost Efficiency Actions Entered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company's outstanding term loan and notes to exchange $4.1 billion of existing debt; extend maturities by three years; keep consolidated annual cash interest essentially flat; and provide debt reduction Announced cost programs expected to generate $150 million of annual cost savings in 2025. In addition, programs enacted earlier this year will generate another $50 million in 2025, fo
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday November 7th, 2024, it will issue financial results for the quarter ending September 30, 2024. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:30 a.m. (ET) on November 7th. The conference call can also be accessed by dialing (888) 596-4144 (domestic) or +1 646 968-2525 (international) using PIN number 8885116. Please call at least five minutes in advance t
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended June 30, 2024. Financial Highlights:1 Q2 2024 Consolidated Results Q2 Revenue of $929 million, up 1.0%; above guidance of approximately flat Excluding Q2 Political Revenue, Q2 Revenue flat GAAP Operating loss of $910 million vs. $897 million in Q2 2023, including non-cash impairment charges of $920 million in Q2 2024 and $961 million in Q2 2023 Consolidated Adjusted EBITDA of $150 million, within previously disclosed guidance range of $140 million to $160 million, compared to $191 million in Q2 2023 Cash provided by operating activities of $27 million Free Cash Flow of $6 million
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday August 8th, 2024, it will issue financial results for the quarter ending June 30, 2024. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:30 a.m. (ET) on August 8th. The conference call can also be accessed by dialing (888) 596-4144 (domestic) or +1 646 968-2525 (international) using PIN number 8885116. Please call at least five minutes in advance to ensure
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended March 31, 2024. Financial Highlights:1 Q1 2024 Consolidated Results Q1 Revenue of $799 million, down 1.5%; in line with guidance range of flat to down 2% Excluding Q1 Political Revenue, Q1 Revenue down 2.5% GAAP Operating loss of $35 million vs. $49 million in Q1 2023 Consolidated Adjusted EBITDA of $105 million, within previously disclosed guidance range of $100 million to $110 million, compared to $93 million in Q1 2023 Cash Flows used for operating activities of $59 million Free Cash Flow of $(81) million Q1 2024 Digital Audio Group Results Digital Audio Group Revenue of $
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday May 9th, 2024, it will issue financial results for the quarter ending March 31, 2024. The company will conduct a conference call at 8:00 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:00 a.m. (ET) on May 9th. The conference call can also be accessed by dialing (888) 596-4144 (domestic) or +1 646 968-2525 (international) using PIN number 8885116. Please call at least five minutes in advance to ensure that
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter and year ended December 31, 2023. Financial Highlights:1 Q4 2023 Consolidated Results Q4 Revenue of $1,067 million, down 5.2%; slightly better than the guidance range of down high-single digits Excluding Q4 Political Revenue, Q4 Revenue flat GAAP Operating income of $80 million vs. $173 million in Q4 2022 Consolidated Adjusted EBITDA of $208 million, within previously disclosed guidance range of $205 million to $215 million, compared to $316 million in Q4 2022 Cash Flows from operating activities of $154 million Free Cash Flow of $142 million, Free Cash Flow including net proceeds from r
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday February 29th, 2024, it will issue financial results for the quarter and year ending December 31, 2023. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:30 a.m. (ET) on February 29th. The conference call can also be accessed by dialing (888) 330-2446 (domestic) or +1 240 789-2732 (international) using PIN number 71596. Please call at least five minutes in
iHeartMedia, Inc. (NASDAQ:IHRT) today reported financial results for the quarter ended September 30, 2023. Financial Highlights:1 Q3 2023 Consolidated Results Q3 Revenue of $953 million, down 3.6%; slightly better than the guidance range of down mid-single digits Excluding Q3 Political Revenue, Q3 Revenue down 1% GAAP Operating income of $69 million vs. GAAP Operating loss of $211 million in Q3 2022, which included a $302 million non-cash impairment charge Consolidated Adjusted EBITDA of $204 million, within previously disclosed guidance range of $195 million to $205 million, compared to $252 million in Q3 2022 Cash Flows from operating activities of $96 million Free
iHeartMedia, Inc. (NASDAQ:IHRT) announced today that on Thursday November 9th, 2023, it will issue financial results for the quarter ending September 30, 2023. The company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia's website (https://investors.iheartmedia.com/) beginning at 8:30 a.m. (ET) on November 9th. The conference call can also be accessed by dialing (888) 330-2446 (domestic) or +1 240 789-2732 (international) using PIN number 71596. Please call at least five minutes in advance to
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BofA Securities upgraded iHeartMedia from Underperform to Neutral and set a new price target of $3.00 from $1.00 previously
BofA Securities downgraded iHeartMedia from Neutral to Underperform and set a new price target of $4.00 from $6.50 previously
Barrington Research downgraded iHeartMedia from Outperform to Mkt Perform
JP Morgan downgraded iHeartMedia from Neutral to Underweight and set a new price target of $5.00 from $10.00 previously
Goldman downgraded iHeartMedia from Buy to Neutral and set a new price target of $9.00 from $15.00 previously
Wells Fargo downgraded iHeartMedia from Overweight to Equal Weight and set a new price target of $9.00 from $23.00 previously
BofA Securities downgraded iHeartMedia from Buy to Neutral and set a new price target of $10.00 from $30.00 previously
Morgan Stanley downgraded iHeartMedia from Equal-Weight to Underweight and set a new price target of $11.00 from $25.00 previously
JP Morgan downgraded iHeartMedia from Overweight to Neutral and set a new price target of $19.00 from $28.00 previously
Morgan Stanley reiterated coverage of iHeartMedia with a rating of Equal-Weight and set a new price target of $25.00 from $23.00 previously