Iheartmedia Inc Stock Price, News & Analysis

iHeartMedia has renewed its five-year partnership with cultural icon Charlamagne Tha God, co-host of the acclaimed radio show "The Breakfast Club." The show, which boasts over 4.5 million weekly listeners, will continue to feature Charlamagne's distinctive interview style. He has also been named Senior Creative Officer at iHeart, responsible for curating new talent and programming. Additionally, Charlamagne will launch Black Privilege Publishing and a new talk show on Comedy Central. The Breakfast Club is recognized for its cultural impact and charity efforts, raising over $1.7 million for various causes.

iHeartMedia, the leading audio company in the U.S., has partnered with European podcast platform Podimo to translate and adapt popular podcasts for global audiences. The partnership will launch with the true crime podcast "Forgotten: Women of Juárez" in Spanish, German, and Danish, introducing these narratives to millions. This strategic collaboration aims to enhance local storytelling and increase podcast monetization. The adapted series will be available in early 2021 in 20 countries across Latin America, Spain, and the U.S., expanding Podimo's reach in Germany and Denmark soon after.

iHeartMedia, Inc. (NASDAQ: IHRT) announced that Bob Pittman, CEO, and Rich Bressler, COO & CFO, will participate in a Q&A session at the UBS Global TMT Virtual Conference on December 9, 2020, at 9:20 a.m. ET. The session will be accessible to the public via a live webcast on iHeartMedia’s Investors homepage, with a replay available afterwards. iHeartMedia is the leading audio company in the U.S., reaching 9 out of 10 Americans monthly and boasting over 850 broadcast stations and the top commercial podcast publisher.

Tracker Ventures Corp. announced a partnership with iHeartMedia to produce the 'Contakt World' podcast aimed at increasing awareness of public health solutions like contact tracing. This collaboration will leverage iHeartMedia's vast reach, potentially enhancing the adoption of Contakt World's services. The podcast features discussions on health topics and will be available on iHeartRadio and other platforms starting next month. Additionally, Tracker is in the process of acquiring a 100% interest in Contakt World, with shares currently halted on the Canadian Securities Exchange pending regulatory approval.

iHeartMedia, Inc. (NASDAQ: IHRT) announced that Chairman and CEO Bob Pittman and President Rich Bressler will participate in a Q&A session at the 2020 Wells Fargo TMT Summit on December 1, 2020, at 11:20 a.m. ET. The session will be webcast live and accessible to the public via iHeartMedia’s Investors website, where a replay will also be available afterward. iHeartMedia is the leading audio company in the U.S., reaching 90% of Americans monthly and boasting over 850 broadcast stations and a dominant digital presence.

Pepsi, in partnership with iHeartMedia, has launched the "iHeartRadio Presents The Pepsi HBCU Marching Band Experience," a virtual showcase featuring bands from Florida A&M, Hampton University, Prairie View A&M, and North Carolina A&T. This initiative celebrates HBCU homecoming traditions during the pandemic, showcasing a unique performance of Curtis Mayfield's "Move on Up" and Megan Thee Stallion's "Savage." The event supports HBCU pride and includes commitments for music program resources like scholarships and equipment.

Empire State Realty Trust (NYSE: ESRT) and iHeartMedia announce the Empire State Building's annual holiday music-to-light show featuring Carrie Underwood's new song 'Hallelujah' with John Legend. Scheduled for December 19 to December 25, the show will sync live at 8:00 p.m. with broadcasts on iHeartRadio's Z100 and LiteFM. The event highlights Underwood's debut holiday album, 'My Gift,' released on September 25, with an emphasis on bringing festive joy to viewers worldwide through YouTube and Earthcam.

iHeartMedia (Nasdaq: IHRT) reported Q3 2020 revenues of $744 million, down 22% YoY but up 53% QoQ, indicating signs of recovery post-COVID-19. Digital revenues increased 17% YoY, with a significant 74% growth in podcasting. Political advertising contributed positively, with October seeing a 2% YoY revenue increase. The company received FCC approval for foreign ownership, simplifying capital structure, and completed acquisition of Voxnest. Operating income was $39 million, with a GAAP loss of $1.85 billion year-to-date, largely due to non-cash impairment charges.

iHeartMedia, the leading podcast publisher globally, has entered into a partnership with Pushkin Industries to co-produce and distribute a wide range of premium podcasts. This agreement makes iHeartMedia Pushkin's exclusive sales partner and will result in co-producing new original shows over the next two years. Notable titles include 'Revisionist History' and 'The Happiness Lab.' Additionally, two new shows, 'Double Date' and 'Lost Hills,' are set for release in March 2021, expanding the iHeartPodcast Network's offerings, which aims to reach a larger audience.