Market Summary
USD3.46+0.04
Delayedas of 22 Sep 2023, 12:44 pm1.17%
IHRT Stock Price
IHRT RSI Chart
IHRT Valuation
IHRT Price/Sales (Trailing)
IHRT Profitability
IHRT Fundamentals
IHRT Revenue
IHRT Earnings
Price Action
52 Week Range
2.219.21
(Low)(High)
Last 7 days
0.3%
Last 30 days
-2.6%
Last 90 days
1.5%
Trailing 12 Months
-64.6%
IHRT Financial Health
IHRT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for IHRT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-14 | Fasbender Jordan | sold (taxes) | -6,248 | 3.32 | -1,882 | see remarks |
2023-08-11 | PITTMAN ROBERT W | bought | 201,066 | 3.4382 | 58,480 | chairman and ceo |
2023-07-10 | Fasbender Jordan | sold (taxes) | -9,370 | 4.2 | -2,231 | see remarks |
2023-05-18 | Rasulo James A | acquired | 199,998 | 1.56571 | 127,736 | - |
2023-05-18 | SIVARAMAKRISHNAN KAMAKSHI | acquired | - | - | 54,744 | - |
2023-05-18 | Hamilton Scott D | acquired | - | - | 2,500 | see remarks |
2023-05-18 | BRESSLER RICHARD J | acquired | - | - | 1,036,560 | see remarks |
2023-05-18 | Monteagudo Graciela | acquired | - | - | 54,744 | - |
2023-05-18 | GERSTNER BRAD | acquired | 74,999 | 0.913333 | 82,116 | - |
2023-05-18 | MCGUINNESS MICHAEL B | acquired | - | - | 181,397 | evp-finance & deputy cfo |
Which funds bought or sold IHRT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 49,005 | 49,005 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -14.49 | -115,334 | 455,790 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 45.7 | 1,610 | 6,055 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -61.15 | -1,621,700 | 922,303 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | unchanged | - | -235,350 | 3,294,900 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | added | 41.21 | 1,861,480 | 7,716,060 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | added | 22.34 | 6,000 | 48,000 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 858 | 730,906 | 822,848 | -% |
2023-08-14 | Gotham Asset Management, LLC | reduced | -15.34 | -9,758 | 36,753 | -% |
2023-08-14 | Voya Investment Management LLC | reduced | -7.87 | -25,205 | 154,733 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of iHeartMedia
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | pacific investment management co llc | 19.99% | 24,760,762 | SC 13G/A | |
| Feb 13, 2023 | oak hill advisors lp | 6.83% | 8,641,530 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 9.02% | 10,982,981 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.0% | 8,565,276 | SC 13G/A | |
| May 09, 2022 | global media & entertainment investments ltd | 14.99% | 18,140,000 | SC 13D/A | |
| May 02, 2022 | global media & entertainment investments ltd | 5989% | 15,242,573 | SC 13D/A | |
| Apr 15, 2022 | global media & entertainment investments ltd | 11.08% | 13,407,138 | SC 13D/A | |
| Apr 12, 2022 | global media & entertainment investments ltd | 6248% | 11,644,385 | SC 13D/A | |
| Feb 14, 2022 | silver point capital l.p. | 4.8% | 5,727,724 | SC 13G/A | |
| Feb 14, 2022 | pacific investment management co llc | 19.99% | 24,361,331 | SC 13G/A |
Recent SEC filings of iHeartMedia
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 14, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Jul 11, 2023 | 4 | Insider Trading |
IHRT Fair Value
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Peers (Alternatives to iHeartMedia)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CHTR | 67.1B | 54.5B | 8.09% | 26.57% | 14.01 | 1.23 | 2.60% | -15.83% |
SIRI | 15.8B | 9.0B | -3.98% | -28.94% | 13.65 | 1.76 | 0.44% | -8.55% |
| MID-CAP | ||||||||
NYT | 6.9B | 2.4B | -0.99% | 44.33% | 39.27 | 2.93 | 7.76% | -7.72% |
NXST | 5.1B | 5.3B | -8.37% | -22.64% | 7.27 | 0.97 | 8.13% | -23.40% |
CABO | 3.5B | 1.7B | -1.28% | -35.52% | 33.15 | 2.07 | -1.31% | -70.36% |
DISH | 3.4B | 16.0B | 0.32% | -60.34% | 1.85 | 0.21 | -8.20% | -13.13% |
| SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 11.55% | -54.87% | -384.5 | 0.16 | -6.01% | -100.49% |
SBGI | 768.6M | 3.3B | -23.56% | -49.69% | 4.47 | 0.23 | -34.89% | -93.14% |
AMCX | 538.8M | 3.0B | 9.44% | -44.09% | -87.27 | 0.18 | -0.73% | -101.96% |
IHRT | 510.2M | 3.8B | -2.56% | -64.63% | -0.38 | 0.13 | 1.55% | -1758.48% |
UONE | 359.0M | 484.6M | 3.19% | -10.09% | 8.5 | 0.74 | 10.07% | 1.46% |
EVC | 320.4M | 1.0B | -2.93% | -17.05% | 33.68 | 0.31 | 23.24% | -66.15% |
TSQ | 148.2M | 465.3M | -5.71% | 18.89% | 13.04 | 0.33 | 4.78% | -97.25% |
CMLS | 82.0M | 900.6M | 15.01% | -37.12% | -5.84 | 0.09 | -6.07% | -126.59% |
iHeartMedia News
Returns for IHRT
Cumulative Returns on IHRT
-27.2%
3-Year Cumulative Returns
Risks for IHRT
What is the probability of a big loss on IHRT?
87.0%
Probability that iHeartMedia stock will be more than 20% underwater in next one year
67.0%
Probability that iHeartMedia stock will be more than 30% underwater in next one year.
55.2%
Probability that iHeartMedia stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does IHRT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if iHeartMedia was unfortunately bought at previous high price.
Drawdowns
Financials for iHeartMedia
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.9% | 3,846,073,000 | 3,880,064,000 | 3,912,283,000 | 3,848,412,000 | 3,787,533,000 | 3,695,133,000 | 3,558,340,000 | 3,431,851,000 | 3,248,206,000 | 2,874,249,000 | 2,948,218,000 | 4,140,619,857 | 5,333,021,714 | 6,525,423,571 | 7,717,825,429 | 8,910,227,286 | 10,102,629,143 | 10,026,375,250 | 8,757,719,500 | 7,489,063,750 | 6,220,408,000 |
| S&GA Expenses | 0.9% | 1,626,119,000 | 1,611,403,000 | 1,592,946,000 | 1,577,592,000 | 1,567,786,000 | 1,561,369,000 | 1,519,355,000 | 1,432,212,000 | 1,375,221,000 | 1,295,943,000 | 1,345,414,000 | 1,368,582,000 | 1,362,602,000 | 1,289,471,000 | 1,222,604,000 | 1,245,483,000 | 1,247,804,000 | 1,355,773,000 | 1,376,931,000 | 1,508,859,000 | 1,618,219,000 |
| EBITDA | - | - | - | - | - | 628,760,000 | 647,479,000 | 647,520,000 | - | - | -1,346,683,000 | -1,338,748,000 | -1,308,212,000 | -1,242,617,000 | -1,074,297,000 | 630,760,600 | 741,311,400 | 808,691,000 | 1,011,089,000 | 932,432,000 | 1,050,167,000 | 1,151,336,000 |
| EBITDA Margin | - | - | - | - | - | 0.17 | 0.18 | 0.19 | - | - | -0.52 | -0.35 | -0.34 | -0.24 | -0.17 | 0.08 | 0.08 | 0.08 | 0.18 | 0.15 | 0.17 | 0.19 |
| Interest Expenses | 2.7% | 377,872,000 | 368,048,000 | 342,393,000 | 330,498,000 | 319,810,000 | 321,372,000 | 328,101,000 | 333,718,000 | 340,098,000 | 338,638,000 | 357,168,000 | 375,506,000 | 368,740,000 | 285,169,000 | 339,796,000 | 334,304,800 | 350,642,400 | 408,431,000 | 722,931,000 | 1,100,569,000 | 1,471,564,000 |
| Earnings Before Taxes | - | - | - | - | - | - | - | -149,998,000 | - | - | - | -2,098,845,000 | -2,078,184,000 | -2,001,712,000 | -1,705,857,000 | 106,149,000 | 262,958,000 | 365,973,000 | 420,148,000 | -24,136,000 | -387,479,000 | -766,406,000 |
| EBT Margin | - | - | - | - | - | -0.04 | -0.04 | -0.05 | - | - | -0.81 | -0.55 | -0.54 | -0.39 | -0.27 | 0.00 | 0.02 | 0.03 | 0.06 | -0.01 | -0.07 | -0.14 |
| Net Income | -205.1% | -1,337,212,000 | -438,341,000 | -264,663,000 | -232,914,000 | 80,629,000 | 33,942,000 | -159,199,000 | -267,363,000 | -302,655,000 | -467,686,000 | -1,914,699,000 | -1,856,784,000 | -1,812,298,000 | -1,576,188,000 | -1,835,000 | 151,689,000 | 209,393,000 | 100,701,000 | -201,910,000 | 1,927,000 | -318,641,000 |
| Net Income Margin | 100.0% | - | -0.11 | -0.07 | -0.06 | 0.02 | 0.01 | -0.05 | -0.08 | -0.10 | -0.18 | -0.50 | -0.48 | -0.36 | -0.25 | 0.00 | 0.02 | 0.02 | 0.02 | -0.03 | 0.00 | -0.05 |
| Free Cashflow | -100.0% | - | 200,727,000 | 259,106,000 | 146,075,000 | 128,784,000 | 19,654,000 | 147,201,000 | 148,360,000 | 117,173,000 | 113,642,000 | 130,740,000 | 253,313,000 | 390,509,000 | 462,788,000 | 315,218,800 | 495,598,800 | 486,441,600 | 810,688,000 | 881,427,000 | 453,735,000 | 151,024,000 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | -13.1% | 6,984 | 8,035 | 8,336 | 8,330 | 8,701 | 8,627 | 8,881 | 8,811 | 9,064 | 9,051 | 9,203 | 9,122 | 8,906 | 9,312 | 11,021 | 10,935 | 10,998 | 10,710 | 14,286 | 7,902 | 11,959 |
| Current Assets | 5.1% | 1,336 | 1,271 | 1,473 | 1,409 | 1,372 | 1,316 | 1,473 | 1,356 | 1,511 | 1,366 | 1,619 | 1,497 | 1,210 | 1,525 | 1,416 | 1,271 | 1,114 | 932 | 2,090 | 2,235 | 2,079 |
| Cash Equivalents | -12.0% | 165 | 188 | 336 | 295 | 295 | 280 | 353 | 370 | 584 | 530 | 721 | 725 | 529 | 658 | 412 | 288 | 139 | 63.00 | 470 | 430 | 338 |
| Goodwill | -25.6% | 1,721 | 2,313 | 2,313 | 2,313 | 2,313 | 2,313 | 2,314 | 2,314 | 2,313 | 168 | 2,146 | 2,109 | 2,102 | 2,101 | 3,326 | 3,326 | 3,323 | 3,300 | 4,118 | 3,413 | 4,044 |
| Current Liabilities | 11.3% | 731 | 657 | 832 | 740 | 758 | 688 | 849 | 782 | 1,019 | 733 | 718 | 660 | 593 | 646 | 667 | 637 | 726 | 480 | 1,440 | 1,248 | 1,144 |
| LT Debt, Current | -16.2% | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 278 | 29.00 | 35.00 | 34.00 | 30.00 | 30.00 | 9.00 | 54.00 | 53.00 | 53.00 | 47.00 | 46.00 | 0.00 |
| LT Debt, Non Current | -1.5% | 5,316 | 5,395 | 5,414 | 5,553 | 5,627 | 5,739 | 5,738 | 5,737 | 5,721 | 5,976 | 5,982 | 5,987 | 5,807 | 5,924 | 5,757 | 5,755 | 5,757 | 5,757 | 5,293 | - | 5,274 |
| Shareholder's Equity | -185.5% | -403 | 472 | 685 | 593 | 893 | 872 | 916 | 798 | 789 | 814 | 1,051 | 1,040 | 1,066 | 1,259 | 2,945 | 2,847 | 2,820 | 2,779 | - | - | - |
| Retained Earnings | -36.1% | -3,334 | -2,449 | -2,227 | -2,307 | -1,997 | -2,011 | -1,962 | -2,074 | -2,077 | -2,045 | -1,803 | -1,807 | -1,774 | -1,577 | 113 | 51.00 | 39.00 | - | -13,330 | -13,345 | -13,560 |
| Additional Paid-In Capital | 0.3% | 2,932 | 2,923 | 2,913 | 2,902 | 2,891 | 2,883 | 2,877 | 2,870 | 2,864 | 2,855 | 2,849 | 2,841 | 2,835 | 2,831 | 2,827 | 2,790 | 2,773 | - | 2,075 | 2,075 | 2,074 |
| Shares Outstanding | 0.5% | 149 | 148 | 149 | 148 | 148 | 148 | 148 | 147 | 147 | 146 | 146 | 146 | 146 | 146 | - | 146 | 145 | 86.00 | 86.00 | - | 86.00 |
| Minority Interest | 12.7% | 10.00 | 9.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 9.00 | 11.00 | 31.00 | 17.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | -26.2% | 279 | 378 | 420 | 341 | 333 | 207 | 331 | 276 | 214 | 196 | 216 | 342 | 489 | 560 | 414 | 493 | 523 | 672 | 880 | 967 | 730 |
| Share Based Compensation | 0.8% | 40.00 | 40.00 | 35.00 | 31.00 | 26.00 | 23.00 | 24.00 | 26.00 | 26.00 | 24.00 | 23.00 | 21.00 | 32.00 | 31.00 | 22.00 | 17.00 | 6.00 | 6.00 | 7.00 | 2.00 | 2.00 |
| Cashflow From Investing | 6.2% | -138 | -147 | -129 | -169 | -178 | -117 | -346 | -336 | -315 | -365 | -147 | -100 | -106 | -105 | -309 | -454 | -478 | -497 | -360 | -345 | -229 |
| Cashflow From Financing | 16.0% | -270 | -321 | -306 | -243 | -442 | -338 | -352 | -295 | 156 | 40.00 | 241 | 196 | 8.00 | 129 | -89.28 | -45.88 | -148 | -362 | -397 | -491 | -478 |
IHRT Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 920,014 | $ 954,005 | $ 1,731,253 | $ 1,797,463 |
| Operating expenses: | ||||
| Direct operating expenses (excludes depreciation and amortization) | 355,061 | 365,382 | 699,681 | 695,906 |
| Selling, general and administrative expenses (excludes depreciation and amortization) | 393,773 | 379,057 | 796,574 | 763,401 |
| Depreciation and amortization | 108,065 | 110,788 | 216,577 | 224,839 |
| Impairment charges | 960,570 | 245 | 964,517 | 1,579 |
| Other operating (income) expense, net | (261) | 15,664 | (40) | 16,534 |
| Operating income (loss) | (897,194) | 82,869 | (946,056) | 95,204 |
| Interest expense, net | 98,693 | 81,494 | 194,150 | 160,713 |
| Gain (loss) on investments, net | (6,038) | 9,590 | (12,543) | 7,825 |
| Equity in loss of nonconsolidated affiliates | (44) | (29) | (4) | (58) |
| Gain on extinguishment of debt | 22,902 | 8,203 | 27,527 | 8,203 |
| Other expense, net | (272) | (2,175) | (371) | (2,445) |
| Earnings (Loss) before income taxes | (979,339) | 16,964 | (1,125,597) | (51,984) |
| Income tax benefit (expense) | 96,357 | (1,782) | 20,252 | 18,427 |
| Net income (loss) | (882,982) | 15,182 | (1,105,345) | (33,557) |
| Less amount attributable to noncontrolling interest | 1,488 | 781 | 1,385 | 624 |
| Net income (loss) attributable to the Company | (884,470) | 14,401 | (1,106,730) | (34,181) |
| Other comprehensive loss, net of tax: | ||||
| Foreign currency translation adjustments | (77) | (650) | (123) | (897) |
| Other comprehensive loss, net of tax | (77) | (650) | (123) | (897) |
| Comprehensive income (loss) | (884,547) | 13,751 | (1,106,853) | (35,078) |
| Less amount attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
| Comprehensive income (loss) attributable to the Company | $ (884,547) | $ 13,751 | $ (1,106,853) | $ (35,078) |
| Net income (loss) attributable to the Company per common share: | ||||
| Basic (in dollars per share) | $ (5.93) | $ 0.10 | $ (7.44) | $ (0.23) |
| Weighted average common shares outstanding - Basic (in shares) | 149,179 | 148,050 | 148,774 | 147,783 |
| Diluted (in dollars per share) | $ (5.93) | $ 0.10 | $ (7.44) | $ (0.23) |
| Weighted average common shares outstanding - Diluted (in shares) | 149,179 | 149,131 | 148,774 | 147,783 |
IHRT Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 165,325 | $ 336,236 |
| Accounts receivable, net of allowance of $36,022 in 2023 and $29,171 in 2022 | 1,004,807 | 1,037,827 |
| Prepaid expenses | 127,380 | 79,098 |
| Other current assets | 38,880 | 19,618 |
| Total Current Assets | 1,336,392 | 1,472,779 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Property, plant and equipment, net | 649,687 | 694,842 |
| INTANGIBLE ASSETS AND GOODWILL | ||
| Indefinite-lived intangibles - licenses and other | 1,112,751 | 1,476,319 |
| Other intangibles, net | 1,296,099 | 1,419,670 |
| Goodwill | 1,721,410 | 2,313,403 |
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 700,720 | 788,280 |
| Other assets | 166,751 | 170,594 |
| Total Assets | 6,983,810 | 8,335,887 |
| CURRENT LIABILITIES | ||
| Accounts payable | 199,947 | 240,454 |
| Current operating lease liabilities | 75,749 | 70,024 |
| Accrued expenses | 232,234 | 325,427 |
| Accrued interest | 62,349 | 64,165 |
| Deferred revenue | 160,099 | 131,084 |
| Current portion of long-term debt | 440 | 664 |
| Total Current Liabilities | 730,818 | 831,818 |
| Long-term debt | 5,315,955 | 5,413,503 |
| Noncurrent operating lease liabilities | 762,787 | 848,918 |
| Deferred income taxes | 425,454 | 483,810 |
| Other long-term liabilities | 152,254 | 73,332 |
| Commitments and contingent liabilities (Note 6) | ||
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Noncontrolling interest | 10,351 | 9,609 |
| Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 2,931,598 | 2,912,500 |
| Accumulated deficit | (3,334,212) | (2,227,482) |
| Accumulated other comprehensive loss | (1,454) | (1,331) |
| Cost of shares (916,632 in 2023 and 597,482 in 2022) held in treasury | (9,886) | (8,934) |
| Total Stockholders' Equity (Deficit) | (403,458) | 684,506 |
| Total Liabilities and Stockholders' Equity (Deficit) | 6,983,810 | 8,335,887 |
| Class A Common Stock | ||
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Common stock | 124 | 123 |
| Class B Common Stock | ||
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Common stock | 21 | 21 |
| Special Warrants | ||
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Common stock | $ 0 | $ 0 |
About iHeartMedia
Robert W. Pittman
10800
iHeartMedia, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates. It also delivers real-time traffic flow 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, 2021, this segment owned 863 radio stations, which included 249 AM and 614 FM radio stations. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to approximately 10,000 radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. 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.