iHeartMedia Inc is a prominent media and entertainment company primarily known for its extensive audio content offerings, including broadcast radio, digital streaming, and podcasting
The company owns and operates a vast network of radio stations across the United States and leverages its platform to provide a diverse range of music, talk shows, and news programming. In addition to traditional radio, iHeartMedia focuses on digital platforms, catering to the growing demand for on-demand audio content through podcasts and streaming services. The company also engages in advertising and marketing solutions, helping brands connect with audiences through targeted, innovative campaigns across its media assets.
BBC Studios, producer and global distributor of innovative and world-class audio content from the BBC, and iHeartMedia, the leading audio company in the United States, today announced a multi-year deal that will make iHeartMedia the exclusive third-party advertising reseller of BBC podcasts to the U.S. market. The partnership will see iHeartMedia’s leading audio sales force work closely with BBC Studios to represent its extensive slate of premium podcasts and to amplify BBC’s content portfolio in this growing market.
iHeartMedia, the No. 1 podcast publisher globally and the Government Communications Office of the State of Qatar (GCO) announced that iHeartPodcasts will be the official podcast partner for the 2025 Web Summit Qatar.
iHeartMedia and FOX Entertainment today announced the nominees for the 2025 iHeartRadio Music Awards, that 13-time Grammy Award, Academy Award and Golden Globe Award winning artist Lady Gaga will be honored with the 2025 iHeartRadio Innovator Award and Mariah Carey, the elusive chanteuse and best-selling female artist of all time, will be honored with the 2025 iHeartRadio Icon Award. The annual event airs LIVE from Dolby Theatre in Los Angeles, Monday, March 17 (8:00-10:00 p.m. ET live / PT tape-delayed) on FOX. The event also will be heard on iHeartRadio stations nationwide and on the iHeartRadio app.
What a time it’s been for iHeartMedia. In the past six months alone, the company’s stock price has increased by a massive 52.9%, reaching $2.14 per share. This performance may have investors wondering how to approach the situation.
iHeartMedia announced today the return of the “iHeartCountry Festival Presented by Capital One” on Saturday, May 3, 2025. The twelfth annual festival will feature performances by Country music’s hottest artists including Brooks & Dunn, Thomas Rhett, Rascal Flatts, Sam Hunt, Megan Moroney, Bailey Zimmerman and Nate Smith at the award-winning Moody Center in Austin, Texas. The festival is once again hosted by iHeartMedia's nationally syndicated top on-air Country personality, Bobby Bones.
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 Network during the deal, growing the partnership’s reach and scale.
iHeartMedia, the No. 1 podcast publisher globally according to Podtrac, today announced the nominees for The iHeartPodcast Awards, in partnership with South by Southwest® (SXSW®). The annual event will take place live on March 10, 2025 at 7 p.m. CT at an expanded venue, ACL Live at The Moody Theater, and will honor 2024’s most innovative and influential voices and creators in podcasting. In addition to the in-person show, the ceremony will also be live-broadcasted on select iHeartMedia Radio Stations, on the iHeartRadio app and on iHeartRadio’s YouTube Channel.
iHeartMedia, Inc. (NASDAQIHRT) (“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, 7.000% Senior Secured First Lien Notes due 2031, 10.875% Senior Secured Second Lien Notes due 2030 and senior secured first lien term loans due 2029, respectively, in each case issued by iHeartCommunications (collectively, the “Exchange Offers”).
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 reflects iHeartMedia’s commitment to delivering a seamless and simplified radio listening experience tailored to the express needs of a modern audience using all the technology tools available today.
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.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how iHeartMedia (NASDAQIHRT) and the rest of the broadcasting stocks fared in Q3.
iHeartMedia, Inc. (NASDAQIHRT) (“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 Existing 2027 Secured Notes, the “Existing Secured Notes”) and $843,734,539 aggregate principal amount (92.1%) of Communications’ outstanding 8.375% Senior Notes due 2027 (the “Existing Unsecured Notes” and, together with the Existing Secured Notes, the “Existing Notes”) had tendered and delivered consents in the previously announced exchange offers (the “Notes Exchange Offers”) for the Existing Notes and concurrent consent solicitations (the “Notes Consent Solicitations”) to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024 (the “Offering Memorandum”), and that $2,254,656,962 aggregate principal amount (99.5%) of Communications’ outstanding term loans (the “Existing Term Loans” and, together with the Existing Notes, the “Existing Debt”) had agreed to participate and delivered consents in the previously announced exchange offer (the “Term Loan Exchange” and, together with the Notes Exchange Offers, the “Offers”) for the Existing Term Loans and consent solicitation (the “Term Loan Consent Solicitation” and, together with the Notes Consent Solicitations, the “Consent Solicitations”) to amend certain provisions in the credit agreement governing the Existing Term Loans (the “Existing Term Loan Credit Agreement”) in connection with the Term Loan Exchange, representing a total participation of $4,813,586,623 aggregate principal amount (92.0%) of the Existing Debt in the Offers as of such time (the “Early Tender/Participation Debt”).
iHeartMedia, Inc. (NASDAQIHRT) (“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) concurrent consent solicitations (the “Consent Solicitations”) to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in a Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024 (the “Offering Memorandum”). Eligible Holders (as defined below) of the Existing Notes may not deliver consents in the Consent Solicitations without tendering their Existing Notes in the Exchange Offers.
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 Special returns this year hosted by Mario Lopez, the event will feature interviews with Dan + Shay, Jennifer Hudson, Jimmy Fallon, Kelly Clarkson and more discussing their favorite holiday songs and traditions. The special will broadcast across iHeartMedia stations nationwide and on the iHeartRadio app on November 27 at 7 p.m. local time.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSEGTN) and its peers.
Shares of global media and entertainment company iHeartMedia (NASDAQIHRT)
jumped 41.1% in the morning session after the company reported strong third quarter earnings that blew past analysts' EPS expectations. In addition, its revenue narrowly outperformed Wall Street's estimates. On the other hand, its EBITDA forecast for next quarter was underwhelming and its EBITDA guidance for the full year fell short of Wall Street's estimates. Overall, this was a mixed quarter.
Global media and entertainment company iHeartMedia (NASDAQIHRT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.8% year on year to $1.01 billion. Its GAAP profit of $0.27 per share was 3,283% above analysts’ consensus estimates.
iHeartMedia, Inc. (NASDAQIHRT) (“iHeartMedia” or the “Company”) today announced that it and certain of its subsidiaries (collectively with the Company, the “iHeartMedia Parties”) have entered into a Transaction Support Agreement (the “TSA”) with certain lenders and holders (or their managers, advisors or sub-advisors) (collectively, the “Initial Supporting Holders”) of iHeartCommunications, Inc.’s (“iHeartCommunications”) outstanding notes and term loans. The Initial Supporting Holders represent approximately 80% of the aggregate principal amount of the Existing Debt (as defined below), including approximately 77% of the aggregate principal amount of iHeartCommunications’ outstanding senior secured notes due 2026, 79% of the aggregate principal amount of its outstanding senior secured notes due 2027, 38% of the aggregate principal amount of its outstanding senior secured notes due 2028, 71% of the aggregate principal amount of its outstanding senior unsecured notes due 2027, and 92% of the aggregate principal amount of its outstanding term loans (all such notes and term loans outstanding collectively, the “Existing Debt”).
iHeartMedia, Inc. (NASDAQIHRT) 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.
