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.
iHeartMedia Inc (IHRT) stands as a leader in multiplatform audio entertainment, combining broadcast radio dominance with digital streaming innovation. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial milestones, and strategic initiatives shaping the evolving audio media landscape.
Access real-time announcements including quarterly earnings reports, content partnership expansions, and technological advancements across iHeartMedia's three core segments: broadcast networks, digital platforms like iHeartRadio, and media services infrastructure. Our curated collection simplifies tracking of regulatory filings, leadership changes, and market positioning moves critical for informed analysis.
Key coverage areas include advertising revenue trends, podcasting ecosystem growth, live event sponsorships, and broadcast technology upgrades. Bookmark this page for streamlined access to press releases, SEC filings, and expert analyses that matter most for understanding IHRT's performance in competitive media markets.
iHeartMedia, the leading US audio company, has announced its adoption of Unified ID 2.0 (UID2), a privacy-focused identity framework developed by The Trade Desk. The integration aims to enhance audio advertising through improved targeting, measurement, and attribution across iHeartMedia's platforms.
With 860 broadcast and streaming radio stations, the iHeartRadio platform, and its position as the #1 podcast publisher globally, iHeartMedia reaches a quarter of a billion monthly listeners across the US. The UID2 integration will enable advertisers to connect with addressable, privacy-compliant audiences more effectively across iHeartMedia's channels.
This implementation supports the company's goal to make broadcast listening, which represents nearly 70% of all ad-enabled audio consumption, fully programmatic and addressable.
iHeartMedia announced significant participation in its exchange offers and consent solicitations for existing notes and term loans. As of November 29, 2024, the company received:
- 93.8% ($750.6M) of 6.375% Senior Secured Notes due 2026
- 99.1% ($743M) of 5.25% Senior Secured Notes due 2027
- 44.3% ($221.6M) of 4.75% Senior Secured Notes due 2028
- 92.1% ($843.7M) of 8.375% Senior Notes due 2027
- 99.5% ($2.25B) of outstanding term loans
The total participation reached 92.0% ($4.81B) of existing debt. The company modified terms, including extending the expiration time to December 18, 2024, removing the 95% participation requirement, and increasing base consideration by $10 per $1,000 principal amount.
iHeartMedia (NASDAQ: IHRT) has announced exchange offers and consent solicitations for its existing notes and term loans, commencing November 15, 2024. The company has secured support from holders representing approximately 85.4% of the aggregate principal amount of existing debt. The exchange offers include Communications' outstanding secured notes (6.375% due 2026, 5.250% due 2027, 4.750% due 2028) and 8.375% unsecured notes due 2027. Supporting holders have agreed to tender and provide consents, including 84.1% of 2026 notes, 89.5% of 2027 secured notes, 40.9% of 2028 notes, 82.8% of unsecured notes, and 95.3% of existing term loans.
iHeartMedia launches its annual holiday music transformation across more than 85 stations nationwide, offering 24/7 festive music from contemporary artists and Christmas classics. The iHeartRadio Holiday Special, hosted by Mario Lopez, will air on November 27 at 7 p.m. local time, featuring interviews with celebrities like Dan + Shay, Jennifer Hudson, Jimmy Fallon, and Kelly Clarkson discussing their holiday traditions.
Listeners can access holiday content through the iHeartRadio app across 500+ platforms, including specialized stations like 'iHeart Christmas,' 'North Pole Radio,' and genre-specific channels such as iHeartCountry Christmas and iHeart Christmas Rock. The company's holiday programming makes iHeartMedia the leading destination for holiday music through Christmas Day.
iHeartMedia (IHRT) reported Q3 2024 financial results with revenue of $1,008 million, up 5.8%. The company announced debt exchange transactions affecting $4.1 billion of existing debt and cost efficiency programs expected to generate $150 million of net annual savings in 2025. Digital Audio Group revenue grew 13% to $301 million, with Podcast revenue up 11% to $114 million. Multiplatform Group revenue decreased 1% to $620 million. The company expects Q4 consolidated revenue to increase in high-single digits and full-year 2024 Adjusted EBITDA to reach approximately $750 million, up 8%.
iHeartMedia (NASDAQ: IHRT) has entered into a Transaction Support Agreement (TSA) with holders representing approximately 80% of its outstanding debt. The agreement outlines two alternative exchange transaction structures, both extending debt maturity by three years. The first structure involves issuing new secured debt, while the alternative involves newly-formed subsidiaries issuing secured debt against transferred assets. The company also amended its ABL facility to accommodate these transactions and modify certain covenants. This restructuring aims to strengthen iHeartMedia's financial position and provide additional flexibility for executing its business strategy.
iHeartMedia announced 'Coldplay's Moon Music Album Experience: A Gamified Tycoon Adventure,' launching October 24 in State Farm Park in iHeartLand in Fortnite. This first-ever concert tycoon experience combines gaming with music, featuring content from Coldplay's new album Moon Music. Players progress through three phases, building a rocket, lunar base, and concert stage while listening to the album and exclusive band commentary. The experience takes place in State Farm Park, which has hosted over 50 music and podcast events since 2022 and has been rebuilt in Unreal Editor for Fortnite for enhanced visual quality.
iHeartMedia has announced the lineup for the eighth annual 'iHeartRadio ALTer EGO Presented by Capital One' event, set to take place on January 11, 2025 at the Kia Forum in Los Angeles. The star-studded roster includes Cage The Elephant, Fontaines D.C., Glass Animals, Incubus, St. Vincent, The Head And The Heart, The Lumineers, The Offspring, and a special performance by Damiano David.
The event will be hosted by Woody of iHeartRadio ALT 98.7's nationally syndicated 'The Woody Show' and will broadcast live on iHeartRadio Alternative and Rock stations nationwide. Capital One returns as the national presenting partner, offering cardholders early access to tickets and exclusive perks. The general public ticket sale begins on October 25, 2024, at 12 p.m. PT via Ticketmaster.com.
iHeartMedia, America's #1 audio company by reach, and Whalar Group, a leading global Creator Company, have announced a partnership to expand opportunities for creators and marketers across iHeart's broadcast, podcast, digital, live events, and social platforms. The collaboration aims to:
1. Provide advertisers innovative ways to pair content creators with brands
2. Deliver scale by leveraging iHeart's multiple platforms and trusted talent
3. Identify and support creators looking to expand beyond social media
4. Allow iHeart's influencers to utilize Whalar Group's creative services and technology
iHeart reaches 9 out of 10 Americans monthly through broadcast radio and is the #1 podcast publisher in America. This partnership is expected to benefit both creators and advertisers by maximizing trusted relationships and connections with audio and social followers.
iHeartMedia announces its annual iHeartRadio Jingle Ball Tour Presented by Capital One for 2024, featuring top artists like Katy Perry, SZA, Tate McRae, Jack Harlow, and more. The tour will visit major cities across the U.S., including New York, Los Angeles, Miami, Chicago, and Dallas/Fort Worth. ABC will exclusively air the iHeartRadio Jingle Ball 2024 holiday special on December 18, with next-day availability on Hulu.
Capital One cardholders will have early access to tickets and exclusive experiences through a special pre-sale. The tour will also partner with the Ryan Seacrest Foundation in nine cities and the Kidd's Kids program in Dallas, allocating a portion of ticket sales to these charitable organizations.
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