Iheartmedia Inc Stock Price, News & Analysis

The Empire State Building (ESB) and iHeartMedia New York have launched a contest to gift a couple a socially distanced wedding on Valentine's Day weekend. Couples whose 2020 wedding plans were disrupted by the pandemic can submit their stories online until February 5, 2021. The winner will have their ceremony on February 13, 2021, at the ESB's 86th Floor Observatory, with wedding attire, rings, and a honeymoon provided. This initiative aims to create unforgettable experiences for couples impacted by COVID-19.

iHeartMedia and McClatchy have launched a new podcast titled 'Return Man', which investigates the mysterious death of former NFL player Jim Duncan. The eight-part series begins on January 26, 2021, with episodes released weekly. Duncan, a key player for the Baltimore Colts, died by suicide in a police station in 1972, leading to decades of unanswered questions from his family and community. The series aims to address the significance of his life and death, illustrating local journalism's impact in uncovering important stories.

iHeartMedia (Nasdaq: IHRT) has successfully exchanged its Warrants for shares of Class A Common Stock, enhancing its equity structure. As of December 31, 2020, the exchange has resulted in approximately 110 million Class A and 29 million Class B shares, with 7 million Warrants remaining. This move follows a Federal Communications Commission ruling permitting an increase in foreign ownership to 100%. Future conversions of Class B shares and Warrants into Class A stock are anticipated, although some shares remain unconverted due to regulatory restrictions.

iHeartMedia (Nasdaq: IHRT) has appointed Jordan Fasbender as Executive Vice President, General Counsel, and Secretary, effective January 1, 2021. She succeeds Paul McNicol, who will transition to an executive advisory role until his retirement at the end of 2021. Fasbender will oversee legal functions across the company's divisions and platforms, including over 860 live broadcast stations and the iHeart Podcast platform. Fasbender joined iHeartMedia in 2019, bringing significant experience from Twenty-First Century Fox. The leadership believes her expertise will strengthen the company's legal strategy as it continues to grow in the audio industry.

LiveXLive Media (NASDAQ: LIVX) announced an exclusive streaming event for the 2021 iHeartRadio ALTer EGO, taking place on January 28, 2021, at 9 PM ET. This event, part of LiveXLive's multi-year partnership with iHeartMedia (NASDAQ: IHRT), will feature performances by major Alternative Rock artists like Billie Eilish and the Foo Fighters. LiveXLive has gained significant traction in 2020, achieving over 110 million views globally, enhancing its presence in the live-streaming landscape.

iHeartMedia announces the lineup for the fourth annual iHeartRadio ALTer EGO, featuring major Alternative Rock acts such as Billie Eilish and Foo Fighters. The virtual event, accessible for free on January 28, 2021, will highlight new performances and past iconic shows from artists like Beck and twenty one pilots. The event is partnered with Capital One, offering cardholders a chance to engage in a trivia challenge with Weezer. iHeartMedia's reach extends to nine out of ten Americans monthly, emphasizing its position as the number one audio company in the U.S.

iHeartMedia (NASDAQ: IHRT) appointed Gabe Fleet as Executive Vice President of Business Affairs and Chief Music Licensing Counsel, effective January 11, 2021. Fleet will lead the Business Affairs team, focusing on strategic partnerships and music licensing for iHeartMedia’s digital services. With over a decade of experience, he previously worked at Greenberg Traurig, specializing in music licensing and branded entertainment. iHeartMedia, the leading audio company in the U.S., reaches 250 million listeners monthly through various platforms including live stations and podcasts.