Company
iHeartMedia, Inc.
Headquarters: San Antonio, TX, United States
Founded: 1972
Employees: 9,180
CEO: Mr. Robert W. Pittman
Market Cap
$346.8 Million
USD as of Jan. 1, 2024
iHeartMedia, Inc. Categories
United States Communication Services BroadcastingUnited States Communication Services United States Broadcasting
Top Competitors by Market Capitalization
Industry: Broadcasting
| Company | Market Cap (USD) |
|---|---|
| Kuaishou Technology | $28.59 B |
| Sirius XM Holdings Inc. | $20.86 B |
| Formula One Group | $14.42 B |
| News Corporation | $14.06 B |
| Fox Corporation | $14.00 B |
Detailed Description
iHeartMedia, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news through approximately 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2021, this segment owned 863 radio stations, which included 249 AM and 614 FM radio stations. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to approximately 10,000 radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.
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Stocks & Indices
iHeartMedia, Inc. has the following listings and related stock indices.
Stock: NASDAQ: IHRT wb_incandescent
Stock: OTC: IHRTB wb_incandescent
Key People
Founder(s): Lowry Mays Billy Mc Combs
Bob Pittman (Chairman/ CEO) Greg Ashlock (CEO, Multiplatform Group) Conal Byrne (CEO, Digital Audio Group)
Financials
Revenue: US$ 3.6 billion (2019)
Operating income: US$ 506.7 million (2019)
Net income: US$ 11.3 billion (2019)
Total assets: US$ 11 billion (2019)
Total equity: US$ 2.9 billion (2019)