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.
LiveXLive Media has partnered with iHeartMedia to exclusively livestream the 'iHeartCountry Album Release Party with Florida Georgia Line' on February 19, 2021, at 7 PM local time. The online event celebrates Florida Georgia Line's fifth album, Life Rolls On, released on February 12, 2021, featuring performances and exclusive interviews. LiveXLive has accumulated over 118 million views in 2020 and has worked with numerous high-profile artists. This collaboration signals an expanding partnership between LiveXLive and iHeartMedia, aimed at providing global audiences with engaging musical experiences.
The E.W. Scripps Company (NASDAQ: SSP) has signed an agreement to sell Triton Digital to iHeartMedia (NASDAQ: IHRT) for $230 million. This transaction yields a cash-on-cash return of 1.6x and follows Scripps' acquisition of Triton for $150 million in 2018. The sale is part of Scripps' growth strategy in digital audio and is expected to close in the first quarter of 2021, pending regulatory clearance. Proceeds will primarily be used to reduce debt, aiming to restore financial stability.
iHeartMedia (NASDAQ: IHRT) has signed an agreement to acquire Triton Digital for $230 million, enhancing its capabilities in the digital audio and podcasting sector. This acquisition will enable iHeartMedia to offer a comprehensive ad service package across various audio distribution methods, including programmatic audio advertising. Triton Digital's advanced infrastructure and measurement solutions will complement iHeartMedia's existing services, solidifying its leadership in the audio market. The deal is subject to regulatory approval.
iHeartRadio, the leading global podcast publisher, has announced its strategic expansion into binaural podcasting with the launch of iHeart 3D Audio. This innovative audio technology aims to immerse listeners in a captivating soundscape, enhancing the podcast experience significantly. With an expected increase of 30 million new listeners annually, iHeartMedia is committed to evolving its podcast network to meet growing demand. The new slate includes collaborations with Blumhouse Television and seasonally themed franchises, reinforcing iHeartMedia’s position in the podcasting industry.
iHeartRadio, the leading global podcast publisher, has partnered with Paris Hilton to create a new series of Original Podcasts and a unique format called PodPosts that combines social media with podcasting. Launching on February 22, the series 'This is Paris' will feature scripted episodes alongside spontaneous, short audio segments. Hilton's venture aims to engage audiences with candid interviews and personal insights while experimenting with podcasting as a social media platform. The collaboration includes producing six additional podcasts within three years, enhancing iHeartRadio’s extensive network of over 750 original podcasts.
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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.
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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.