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IHRT - iHeartMedia Inc8:00:00 PM 4/18/2024
Price
$1.93
-0.02 (-1.03%)
iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc. , a company founded by Lowry Mays and B. J. "Red" McCombs in 1972, and later taken private by Bain Capital, LLC and Thomas H. Lee Partners through a leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications, Inc. began to operate as a wholly owned subsidiary of CC Media Holdings, Inc. On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc.; and Clear Channel Communications, Inc., became iHeartCommunications, Inc. iHeartMedia, Inc. specializes in radio broadcasting through division iHeartMedia and subsidiary iHeartMedia and Entertainment, Inc. ; the company owns more than 850 full-power AM and FM radio stations in the U.S., making it the country's largest owner of radio stations. The company has also been involved in internet radio and podcasting via the digital platform iHeartRadio .
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.1B+12%
Operating Income79.8MM+16%
Operating Expenses858.6MM+15%
Net Income13.1MM-245%
G&A466MM+18%
Amortization61.4MM-0%
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Broadcasting0.30%
Consumer Services-0.20%
Radio Networks 0.50%
Peers
BBGI0.30%
CMLS1.50%
SGA1.70%
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