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IHeartMedia Inc. reported its 27th consecutive quarterly loss Wednesday as the radio, billboard and digital giant continues to hemorrhage money under the weight of $20.5 billion in debt. The San Antonio-based company's third-quarter loss narrowed to ...
Beleagured radio-and-billboard giant iHeartMedia Inc. isn't expected to show much improvement Wednesday when the company releases its third-quarter earnings results, which were unexpectedly delayed by a week. The San Antonio-based company is ...
Gamco couldn't make the case that iHeart media executives violated legal duties to shareholders by selling assets and moving funds from its Clear Channel Outdoor Holdings business to repay the parent company's debts, a Delaware judge ruled.
Billboard giant Clear Channel Outdoor Holdings Inc. sold its interest in Australian billboard and digital advertiser Adshel for about $204 million as the company and its deeply indebted corporate parent sell off non-core assets, Clear Channel announced ...
IHeartCommunications Inc., a subsidiary of the struggling media giant iHeartMedia Inc., received approval from its lenders to add $500 million of debt. The addition will increase the capacity of the company's largest basket of senior debt to more than ...
Effective January 2017, iHeartMedia will offer two new subscription streaming services, iHeartRadio Plus and iHeartRadio All Access, the company announced at its iHeartRadio Music Festival in Las Vegas. The services' predecessor, iHeartRadio, also ...
NEW YORK—“Live radio” is going on demand. IHeartMedia announced plans to launch two new interactive on-demand streaming subscription services, called iHeartRadio Plus and iHeartRadio All Access, both set to kick off in January and both built around ...
Facebook (NASDAQ:FB) revealed Friday it inflated its video ad metric and miscalculated the average time viewers spent watching videos. Continue Reading Below. As ad buyers wonder if they should unfriend Facebook, iHeartMedia Chairman and CEO Bob ...
Terrestrial radio giant iHeartMedia will announce this week the launch of a major paid streaming service, The Post has learned. The paid streaming service, the first of its kind for a traditional radio outfit, will include a $5-a-month ad-free radio ...
The buildup in corporate debt is worrying some experts. The largest owner of radio stations in the U.S., San Antonio-based iHeartMedia, has paid off parts of its $21 billion debt several times since the financial crisis, but elected to do so with money ...
The radio host announced on his show on Tuesday that he has renewed his contract with radio distributor iHearthMedia after some internal conflict. "I have, in the past six months, really been going back and forth on whether or not I wanted to keep ...
Syndicated conservative radio talk show host Rush Limbaugh announced Tuesday that he has renewed his contract with distributor iHeartMedia. The company is not disclosing specifics, but Mr. Limbaugh's initial eight-year deal with iHeartMedia in 2008 was ...
New York, N.Y. – July 18, 2016 – iHeartMedia announced today the return of the 2016 iHeartRadio Fiesta Latina to the AmericanAirlines Arena in Miami on Saturday, November 5, 2016. The third annual mega-concert will celebrate the best in Latin music ...
iHeartMedia's 24/7 News Network has announced that it will provide its radio stations and affiliates with access to NBC News broadcast coverage, along with an hourly newscast provided to its network. iHeartRadio will also feature a NBC News Radio ...
San Antonio-based iHeartMedia Inc. and Cumulus Media Inc., the two biggest U.S. radio station operators, are grappling with creditors while online music services poach away audiences, advertisers and revenue. San Antonio-based iHeartMedia Inc. and ...
Restructuring iHeartMedia's $21 billion in debt isn't getting any easier for Chief Executive Bob Pittman. A senior lender to the country's largest radio station owner told The Post on Wednesday he would prefer the San Antonio company goes bankrupt than ...
iHeartMedia has agreed to pay $8.5 million to resolve allegations that the company sent unsolicited text messages to radio station listeners, in Message violation of the TCPA. According to the complaint, the company would invite listeners to send text ...
iHeartMedia, the nation's largest radio broadcaster and an outdoor advertising giant, has bought itself more time to deal with its $20 billion-plus debt load. As the San Antonio Express-News reports (the company is based in that city), Judge Cathleen ...
Servicing iHeartMedia's $20.8 billion debt is a drag on the company's earnings -- the company paid $558 million in interest in the quarter, with the total bill on that interest estimated at $1.8 billion for the year. The weight of these payments have ...
San Antonio-based iHeartMedia Inc., the biggest owner of radio stations in the U.S., has been grappling with debt accumulated as part of a leveraged buyout by Bain Capital LLC and Thomas H. Lee Partners in 2008. San Antonio-based iHeartMedia Inc., the ...
IHeartMedia Inc. said it terminated talks with creditors including D. E. Shaw, Canyon Capital, Franklin Advisers and Franklin Mutual to settle a lawsuit over a December transfer of stock in its billboard unit from one subsidiary to another. Absent a ...
SAN ANTONIO - A legal fight between San Antonio-based iHeartMedia Inc. and some of its investors could trigger an avalanche of bond defaults that would require quick repayment of up to $15 billion of its debt, one of the company's lawyers said in court ...
INGLEWOOD, CA - FEBRUARY 20: Recording artist Boy George of music group Culture Club performs onstage during iHeartMedia's first ever iHeart80s Party at The Forum in February. The company is facing accelerated repayments on as much as $15 ...
iHeartMedia is fighting back against a default notice sent by a group of senior debt holders as it tries to restructure its massive debt load. A group of creditors claimed Monday that iHeartMedia had violated the lending agreement by shifting money ...
A group of iHeartMedia's bondholders filed notice that the company defaulted on its some of its bonds on Monday, claiming that the company violated its credit covenants by transferring shares of Clear Channel Outdoor Holdings Inc. to another unit in ...
IHeartMedia has been playing for time since its ill-fated buyout. Now it must face the music. The radio broadcaster and outdoor billboard owner was taken private in 2008 by Bain Capital and Thomas H. Lee Partners. The deal saddled the company, then ...
A group of IHeartMedia Inc. creditors are going to battle with the debt-laden radio broadcaster over a move that the investors say weakened their claim on about $500 million of assets. IHeart said it received notices of default from its bondholders ...
The bondholders filed the notice Monday, claiming that covenants were violated by the transfer of shares of Clear Channel Outdoor Holdings Inc. to another unit in December. Clear Channel Outdoor Holdings is a publicly traded billboard advertising company.
JACKSONVILLE, Fla.—Some Florida radio fans may need to adjust their dials, as iHeartMedia Jacksonville recently announced a pair of programming changes for local stations. The changes involved moving Planet Radio, which plays active rock, to 97.3 ...
AUSTIN, Texas— iHeartMedia Austin will launch KASE(HD2)/K248CU, a broadcast extension of the iHeartRadio Pride Radio streaming station. “Austin has one of the most active LGBT communities in the nation, and 97.5 Pride Radio will fit right in with the ...
Bell Media and iHeartMedia, the leading media company in America with a greater reach in the U.S. than any other radio or television outlet, today announced an exclusive new partnership that will bring the iHeartRadio brand to Canada in 2016.
LAS VEGAS—iHeartMedia has announced multiple new app integrations at the annual Consumer Electronics Show in Sin City. Announcements across a variety of platforms signify the beginning of a year of new developments for iHeartRadio, which has over ...
IHeartMedia Little Rock said this week that it has rebranded radio station 94.9 Tom FM (KHKN-FM) as “Big 94-9 Little Rock's Greatest Hits.” The switch took place at 6 a.m. on Monday. “Our listeners told us, their favorite songs are the songs we play ...
Demi Lovato performs in concert during the iHeart Radio 106.1 KISS FM Jingle Ball. Photo: Getty Images. More On: iheartradio · Creditor group gives iHeart 60 days to repay $6B in loans · $459M sale to help heal a broken iHeart · Pandora, iHeart gain on ...
Bob Pittman, the visionary who created MTV, has had less success with iHeartMedia, the radio network formerly known as Clear Channel. The multi-platform company is $21 billion in debt, and industry experts don't see how Pittman can turn it around.
Fresh off of Jingle Ball season, it's clear that iHeartMedia knows how to throw a bash. In 2016, the landmark media company will have its first ever iHeart80s Party -- and it's sure to be totally ace. Performances from Culture Club, Billy Idol, Rick ...
iHeartMedia has just launched a division focused on generating political radio ads, and one would think it is focused squarely on Donald Trump, sources told our Josh Kosman. The “Donald” has recently said he will focus on radio ads, and not TV ...
Located in the Santa Clarita valley, 35 miles northwest of the city of Los Angeles, is the affluent bedroom community of Santa Clarita. It's the third largest city in Los Angeles County, with a population in excess of 200,000. The valley takes the ...
The app offers a variety of live and curated music stations for children aged four to 11 and their families. By Brandy Shaul. |. November 11, 2015. Share. By Brandy Shaul. |. November 11, 2015. Share. iHeartMedia has announced the release of ...
Bob Pittman is iHeartMedia Inc. chairman and CEO. The company posted a $221.91 million loss Thursday for the third quarter. (AP Photo/Clear Channel). Bob Pittman is iHeartMedia Inc. chairman and CEO. The company posted a $221.91 million loss ...
New York, NY—— “Shining a Light: A Concert for Progress on Race in America” has sold out in under three hours, generating more than $150,000 towards the 'Fund For Progress on Race in America' powered by United Way Worldwide. The concert will be ...
The Tuning Chamber plays live feeds of iHeartRadio stations around the country. Photo: John Muggenborg. A radio broadcasting and out-of-home advertising company, iHeartMedia is thriving in an era of streaming services and banner ads. The cheekily ...
There wasn't much to love about iHeartMedia's 2017: its revenue slid and it recorded a net loss and tumbled 26 spots on the Fortune 500 as a result. Formerly Clear Channel Communications, the Texas-based media company has a large outdoor advertising ...
Culture Factory USA appointed Ed Franke general manager -- Steel Wool Entertainment announced that music executive and manager Fabienne Leys has partnered with the company and joined .... Magazine. Customer Service · Subscribe · Buy this issue ...
The success of NPR's Serial podcast was a wake-up call to Microsoft vet Gayle Troberman, who in October became iHeartMedia's first chief marketing officer: If more than 68 million people could interact with one audio narrative, why couldn't radio ...
Jared Leto, here goofing around at an iHeartMedia event at Cannes, joins the company's podcast initiative. Getty Images. Podcasting and audio-only programming doesn't quite fit the criteria for next week's video-focused Digital Content NewFronts show ...
NEW YORK—iHeartMedia says Joseph Robinson has been promoted to president of iHeartMedia Ventures. He will focus on developing strategic opportunities with media, technology and content companies and will report to Rich Bressler, president, chief ...
NewsRadio 700 WLW has a lot riding on Mike McConnell's ascension to Jim Scott's morning show perch. The morning news show has been the No. 1-rated program for its timeslot for at least four years, according to Nielsen monthly surveys, but its parent ...
Radio and billboard giant iHeartMedia Inc. reported fourth-quarter and 2014 losses Thursday along with rising revenues and cash flows. San Antonio-based iHeartMedia narrowed its quarterly loss to $68.08 million, from a fourth-quarter 2013 loss of $309 ...
But it's also interesting to revisit a newer studio that has been around long enough for the new shine to wear off — to see how the studios held up after the honeymoon phase, when the dust had long settled and the equipment had been bumped around a ...
