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.
iHeartMedia, the global leader in podcast publishing, has announced the nominees for The iHeartPodcast Awards, scheduled for March 10, 2025, at ACL Live at The Moody Theater. The event, partnering with SXSW, will honor 2024's most innovative podcast creators across 29 categories.
The ceremony will feature the fan-voted Podcast of the Year award, with nominees including 'Normal Gossip,' 'Three,' and 'Call Her Daddy.' Three Icon Awards will be presented to notable industry contributors: Sarah Spain (Social Impact Award), Dan Taberski (Audible Audio Pioneer Award), and Daniel Alarcón (Innovator Award).
The event will be broadcast on select iHeartMedia radio stations, the iHeartRadio app, and iHeartRadio's YouTube Channel. For the first time, select SXSW badge holders will have access to the ceremony, marking the largest production and venue in the event's history.
iHeartMedia (NASDAQ: IHRT) has successfully completed comprehensive exchange transactions for approximately $4.8 billion (92.2%) of its existing debt. The exchange includes various secured and unsecured notes due 2026-2028 for new secured notes due 2029-2031. Key outcomes include:
- Extension of debt maturities by three years
- Reduction in total debt by over $440 million
- Expected flat consolidated annual net cash interest payments
- Strengthened capital structure with increased flexibility
The exchange saw high participation rates, including 94.4% of 2026 Secured Notes, 99.1% of 2027 Secured Notes, 44.6% of 2028 Secured Notes, 92.1% of Unsecured Notes, and 99.7% of Existing Term Loans.
iHeartMedia has launched its most significant update to the iHeartRadio app since 2011, introducing industry-first features that bridge traditional car radio experience with mobile streaming. The redesigned app includes innovative features like custom presets for up to 15 favorites, a scan button for discovering nationwide stations, a live radio dial, trending content rankers, and lyrics display functionality - making it the only digital radio app offering lyrics for live radio songs.
The update, available to all Android and iOS users by December 17, also incorporates exclusive editorial content from iHeartMedia stations and creates an ultimate artist fan hub with news, interviews, and contests. The redesign was based on extensive user research and feedback, aiming to deliver a seamless and simplified radio listening experience that combines familiar car radio features with modern streaming capabilities.
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.