Iheartmedia Inc Stock Price, News & Analysis

iHeartMedia, Inc. (Nasdaq: IHRT) announced that the Federal Communications Commission (FCC) approved an increase in its authorized foreign ownership from 25% to 100%. This decision, which comes with certain conditions, allows foreign investment up to 100%, enhancing flexibility for share purchases. Holders of iHeartMedia warrants can exchange them for Class A or Class B shares of common stock. iHeartMedia continues to hold its position as the leading audio company in the U.S., boasting a monthly reach of nine out of ten Americans.

iHeartMedia is hosting the 2020 iHeartRadio Jingle Ball as a virtual event on December 10, showcasing performances from top artists like Billie Eilish, Doja Cat, and Dua Lipa. Fans will experience artists' holiday traditions and performances amid pandemic restrictions. The event airs across more than 95 iHeartMedia radio stations and is available for streaming on The CW App. Additionally, a special celebrating 25 years of Jingle Ball will premiere on December 3. Capital One continues as the national presenting partner, offering exclusive contests for cardholders.

iHeartMedia (NASDAQ:IHRT) has announced its upcoming "HBCU Homecoming Celebration on iHeartRadio," promoting Black excellence and achievement across various platforms. The lineup includes an artist panel focused on female empowerment, a tailgate party with celebrity guests, and a virtual concert featuring Khalid. Key events will stream on YouTube and iHeartMedia's Hip Hop and R&B stations on November 12, 2023. This initiative aims to uplift HBCU students and alumni affected by the pandemic, showcasing notable talents and a dedicated 24-hour HBCU station.

iHeartMedia has entered into an agreement to acquire Voxnest, a leading podcast marketplace and analytics provider. This acquisition aims to enhance iHeartMedia's advertising capabilities by offering additional inventory for podcast advertisers, thereby advancing monetization strategies. Voxnest's technology will facilitate better targeting and programmatic buying across audio platforms, benefiting both creators and advertisers. With iHeartMedia being the top commercial podcast publisher in the U.S., this strategic move is expected to strengthen its digital product ecosystem and further consolidate its market leadership.

iHeartMedia, Inc. (NASDAQ:IHRT) will announce its financial results for Q3 2020 on November 9, 2020, at 4:30 p.m. ET, followed by a conference call. Investors can access a live audio webcast on the company’s website. The conference call can be joined by dialing the provided numbers with the PIN. An audio replay will be available after the call. iHeartMedia remains a leading audio company in the U.S., reaching 90% of Americans monthly through over 850 broadcast stations and its iHeartRadio digital service, delivering podcasts and streaming music.

iHeartMedia has launched “Aaron Mahnke’s 13 Days of Halloween”, a new scripted podcast series created in collaboration with Blumhouse Television. The series, hosted by Keegan-Michael Key, immerses listeners in the spooky atmosphere of the fictional purgatorial hotel, Hawthorne Manor. Featuring daily episodes that grow increasingly eerie, the podcast employs cutting-edge binaural audio technology to enhance the listening experience. iHeartMedia continues to establish itself as a leading force in podcasting, with over 750 original shows and 251 million monthly downloads.

iHeartMedia has launched the iHeartSports Network (IHSN) as of September 28, aiming to serve over 500 broadcast stations and digital streams across various formats. With a monthly audience of 75 million listeners, the network will feature renowned sports figures such as Cris Collinsworth and Colin Cowherd, providing timely national, regional, and local sports reports. Research shows that 83% of sports fans desire daily updates, which IHSN aims to deliver conveniently. iHeartMedia remains the top audio company in the U.S., reaching a wide audience through diverse platforms.

LiveXLive Media (NASDAQ: LIVX) announced it will exclusively stream the 2020 iHeartCountry Festival on October 23, originally scheduled for May 2. This event features performances by top artists like Dierks Bentley, Lady A, and Kane Brown. The festival is a part of LiveXLive's multi-year partnership with iHeartMedia (NASDAQ: IHRT), which includes over 25 annual events through 2022. LiveXLive has streamed over 1200 artists since January 2020 and reported over 81 million views in 2020, enhancing its position as a key platform for music content.

Country Crock announced a partnership with Martina McBride to promote its sustainability initiative, The Cover Crops Project, aimed at improving soil health for Kansas-area farmers. The project, launched on September 22, 2020, seeks to enroll 13,000 acres in cover crops, supported by education and funding. McBride will headline the iHeartRadio Red Barn Sessions, showcasing rising country music talent, starting September 29. Fans can enter a sweepstakes for a meet and greet with McBride and a cash prize, running from October 12 to December 28.