Welcome to our dedicated page for Iheartmedia news (Ticker: IHRT), a resource for investors and traders seeking the latest updates and insights on Iheartmedia stock.
News about iHeartMedia, Inc. (IHRT) reflects its role as a large audio media company active across broadcast radio, digital audio, podcasts and live events. Company announcements frequently highlight programming, partnerships and events that involve both its radio networks and its broader audio platforms.
Recent press releases describe the iHeartPodcast Awards, which honor podcasters across multiple categories and are presented in partnership with South by Southwest (SXSW). The event is staged at ACL Live at the Moody Theater in Austin, Texas and is broadcast on select iHeartMedia radio stations and through the iHeartRadio app. iHeartMedia also reports on its iHeartCountry Festival, a live country music event in Austin that is presented with brand partners and carried across iHeartCountry stations and digital channels.
iHeartMedia news also covers the iHeartRadio Music Awards, an annual show produced with FOX Entertainment that recognizes the most‑played artists and songs on iHeartRadio stations and the iHeartRadio app. These announcements include details on nominees, fan‑voted categories and broadcast plans from venues such as the Dolby Theatre in Los Angeles.
Beyond events, the company issues news about partnerships and platform developments. Examples include an expanded relationship with Amazon Ads to make iHeart’s streaming audio inventory available through Amazon DSP, a multiplatform collaboration with TikTok to launch the TikTok Podcast Network and TikTok Radio, and an exclusive video podcast partnership with Netflix for selected iHeartPodcasts. Additional releases highlight creator‑focused initiatives, such as a new video podcast distribution capability within iHeartRadio and new podcast launches with high‑profile hosts.
Investors and followers of IHRT can use this news feed to review company communications on awards shows, festivals, creator partnerships, advertising relationships and financial results, all of which provide insight into how iHeartMedia presents its activities and priorities.
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iHeartMedia has entered a multi-year agreement to co-produce eight original podcasts with Sports Illustrated, enhancing its podcast portfolio. The iHeartPodcast Network will distribute these new titles alongside existing Sports Illustrated podcasts. Notable upcoming projects include 'Sports Illustrated Weekly' and 'Lateral Damage', focusing on in-depth sports journalism and true crime respectively. This partnership aims to leverage Sports Illustrated's strong brand presence, offering credible sports content and storytelling to a broader audience, tapping into over 250 million monthly listeners.
iHeartMedia, Inc. (NASDAQ: IHRT) will release its financial results for the quarter ending June 30, 2021, on August 5, 2021. The announcement will be followed by a conference call at 4:30 p.m. (ET) to discuss the results and future business outlook. Investors can access a live audio webcast on iHeartMedia’s website. An audio replay will be available after the call for thirty days. iHeartMedia is recognized as the leading audio media company in the U.S., reaching over 250 million people monthly.
LiveXLive Media (NASDAQ: LIVX) announces its continued partnership with iHeartMedia for the 2021 iHeartCountry Festival, taking place on October 30, 2021. The festival features major Country artists like Toby Keith and Blake Shelton, hosted by Bobby Bones at the Frank Erwin Center in Austin, Texas. LiveXLive will stream the event globally, marking the third consecutive year of collaboration. With iHeartCountry reaching over 110 million listeners monthly, this event enhances brand visibility. General ticket sales begin on July 30, 2021, after an exclusive pre-sale for Capital One cardholders starting July 27, 2021.
iHeartMedia (Nasdaq: IHRT) announced the successful prepayment of $250 million of its debt, including $206 million from its Term Loan and $44 million from its Incremental Term Loan. This move lowers the interest rate on the remaining Incremental Term Loan balance to LIBOR + 3.25%, resulting in an annual interest expense savings of approximately $13 million. The prepayment reflects iHeartMedia's strategy to manage its debt more effectively following its emergence from Chapter 11. The company continues to be a leader in audio media, reaching over 250 million people monthly.
iHeartMedia announced its continued partnership with Global Citizen as the U.S. exclusive audio partner for Global Citizen Live. This event, airing performances from six continents, aims to tackle pressing global issues like poverty and climate change. iHeartMedia will also launch Global Citizen Radio to provide updates on the event. The collaboration marks the ninth year of partnership, highlighting iHeart's commitment to social causes. The Global Citizen Festival will be held on September 25 at Central Park, showcasing artists and leaders advocating for equitable access to resources.
iHeartMedia (Nasdaq: IHRT) announced that its subsidiary, iHeartCommunications, will prepay $250 million of its $2,075 million Term Loan and $447 million Incremental Term Loan using cash on hand. This initiative aims to enhance its balance sheet, reduce interest expenses, and boost free cash flow while maintaining liquidity. Alongside the prepayment, the company will reprice the Incremental Term Loan, expecting completion by mid-July. CEO Bob Pittman highlighted the favorable market conditions and the company's commitment to deleveraging.
iHeartMedia has revealed the lineup for the 2021 iHeartRadio Music Festival, scheduled for September 17-18 at T-Mobile Arena in Las Vegas. The festival features major artists including Billie Eilish, Coldplay, and Dua Lipa. A Daytime Stage will showcase emerging artists like Olivia Rodrigo and DaBaby. The event, hosted by Ryan Seacrest, will be broadcast live on iHeartMedia stations and The CW Network. Pre-sale tickets for Capital One cardholders will be available starting June 23. Public ticket sales begin on June 25.
On June 4, 2021, Celsius, a leading cryptocurrency yield-earning platform, announced a multiyear partnership with iHeartMedia to co-produce a new iHeartRadio Original podcast hosted by Celsius CEO Alex Mashinsky. Scheduled to launch later this year, the podcast aims to educate audiences on various topics, including fintech trends and cryptocurrency. Celsius aims to reach 100 million users through education and audience engagement. iHeartMedia brings a robust platform with 27 million monthly US unique users to boost cryptocurrency awareness.
iHeartMedia, Inc. (NASDAQ: IHRT) has appointed Graciela Monteagudo to its Board of Directors, effective immediately. Monteagudo brings over 30 years of experience from leading multinational corporations in consumer products, healthcare, and retail sectors. Previously serving as CEO of Lala U.S., her expertise spans strategic planning, digital marketing, and consumer engagement, particularly in Hispanic and Latin American markets. This move is expected to enhance the board's diversity and drive growth in iHeartMedia's business segments, benefiting both the company and its shareholders.