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 (Nasdaq: IHRT) has appointed David Hillman as Executive Vice President, Chief Legal Officer and Secretary. In his new position, Hillman will manage all legal matters, including compliance, regulatory and corporate governance functions, along with Government Affairs, Business Affairs and Privacy teams.
Hillman brings extensive media experience, most recently serving as Chief Legal Officer at Venu Sports, a sports streaming joint venture between ESPN, FOX and Warner Bros. Discovery. His previous roles include EVP and General Counsel positions at CBS Sports, CBS News & Stations, Simon & Schuster, and Westwood One.
Bob Pittman, Chairman and CEO of iHeartMedia, highlighted Hillman's relevant experience across media businesses and familiarity with the audio industry as key factors in his appointment to help maintain iHeart's position as America's #1 audio company.
iHeartMedia, the global leader in podcasting, has announced plans to launch multi-language podcasts in the Asian market through a partnership with Mammoth Media Asia. The initiative will debut in June 2025, focusing on content from high-profile Asian hosts across music, entertainment, sports, and wellness categories.
The Asia Pacific podcast market, valued at $373.57 million in 2024, is projected to grow at a 30.2% CAGR, reaching $3.1 billion by 2031. The expansion will feature content from various Asian entertainment sectors, including K-pop, Bollywood, and China's hip-hop scene. The partnership also aims to extend iHeartPodcasts' current catalogue of 800+ shows throughout Asia.
The collaboration will be led by Jonathan Serbin, former Warner Music executive, and Jay Faires, head of The Wellness Agency, who recently founded Mammoth Media Asia. The podcasts will be available in Asia and globally through the iHeartRadio app and other podcast platforms.
iHeartMedia (NASDAQ: IHRT) announced that Board member Brad Gerstner, founder and CEO of Altimeter Capital, will not seek re-election to the Board of Directors. Gerstner, who joined the board in 2019, is stepping down to focus on his commitments to Altimeter and philanthropic activities.
The company has nominated Robert Millard to stand for election at the 2025 Annual Meeting on May 13th for the vacant board seat. Millard brings extensive experience as a Director of Evercore, co-founder and former Chairman of L3 Technologies, and Lead Director of L3Harris Technologies. He previously served as Chairman of the MIT and held senior roles at Lehman Brothers.
During his tenure, Gerstner contributed significantly to iHeartMedia's technology transitions and revenue opportunities in the data-focused marketplace. The company aims to leverage its position in audio content, including talk, podcasts, and radio, particularly in the emerging AI landscape.
iHeartMedia and FOX Entertainment have announced the 2025 iHeartRadio Music Awards, scheduled to air LIVE on March 17 from Dolby Theatre in Los Angeles. The event will be hosted by LL COOL J and feature performances by Bad Bunny, Billie Eilish, GloRilla, Gracie Abrams, Kenny Chesney, Muni Long, and Nelly.
Nelly will receive the 2025 iHeartRadio Landmark Award for his cultural impact spanning multiple decades. Lady Gaga will be honored with the 2025 iHeartRadio Innovator Award, while Mariah Carey will receive the 2025 iHeartRadio Icon Award. The show will also feature an exclusive performance from Taylor Swift's Eras Tour opening night.
The 12th annual event will celebrate the most-played artists on iHeartRadio throughout 2024 and include fan voting categories. The awards show will also support wildfire relief efforts through Fireaidla.org.
Kidde, a fire safety leader, has expanded its Cause For Alarm™ program through a collaboration with The Home Depot and iHeartMedia to enhance home safety awareness. The initiative includes local events at Home Depot stores, promotional support, and donations to fire departments.
Since launching in 2022, the program has focused on promoting fire and CO safety education. Kidde has donated over $6.4 million worth of smoke and CO alarms across North America in the past three years. Recently, they announced an additional $400,000 product donation for the greater New York area, while iHeartMedia New York contributed $25,000 to the FDNY Foundation.
The campaign will host safety events in New York, Philadelphia, Los Angeles, and Atlanta, featuring community engagement, safety information, and a new 'Cause For Alarm' pledge. The first event was held on March 1 at The Home Depot in the Bronx, NY, offering giveaways and fire safety activities with FDNY participation.
iHeartMedia (IHRT) reported Q4 2024 financial results with consolidated revenue of $1,118 million, up 4.8% year-over-year. The company achieved a GAAP operating income of $105 million and Consolidated Adjusted EBITDA of $246 million, up 18.2% from Q4 2023.
Key highlights include completion of a Debt Exchange Transaction, exchanging approximately $4.8 billion of existing debt and extending maturities by three years. The company implemented a modernization cost reduction program expected to generate $200 million in annual savings for 2025 (net $150 million after anticipated cost increases).
The Digital Audio Group saw revenue growth of 7% to $339 million, with podcast revenue up 6% to $140 million. The Multiplatform Group revenue remained flat at $684 million. The company ended Q4 with $260 million cash balance and $686 million in total available liquidity, achieving its lowest Net Debt position in company history at approximately $4.52 billion.
iHeartMedia, America's leading podcast network, has partnered with Qatar's Government Communications Office in a multi-year agreement to establish a major podcasting hub in the Middle East and North Africa (MENA) region. The collaboration includes building a state-of-the-art podcast studio in Qatar and introducing popular global podcasts to Arabic-speaking audiences.
The initiative will feature specialized masterclasses for local talent development and host global industry events, including Web Summit gatherings. The partnership aims to create original shows and establish Qatar as a central meeting point for global podcasting voices. This aligns with Qatar's National Vision 2030, focusing on digital media development and knowledge-sharing.
The announcement follows iHeartMedia's earlier agreement to become the Official Podcast Partner for Web Summit Qatar 2025. The partnership was revealed at Web Summit Qatar's main stage, featuring prominent figures including Malcolm Gladwell, Jay Shetty, David Eagleman, and Jonathan Strickland.
iHeartMedia (NASDAQ: IHRT) has announced it will release its financial results for Q4 and full-year 2024 on Thursday, February 27th, 2025. The company will host a conference call at 4:30 p.m. ET to discuss the results and business outlook. Investors can access the live audio webcast through iHeartMedia's investor website, or join via phone using specific dial-in numbers. An audio replay will be available for 30 days following the call, starting at 7:30 p.m. ET on the same day.
iHeart LA and the Dream Center launched a fundraising campaign following devastating wildfires in Los Angeles, resulting in one of iHeart's largest grassroots giving efforts. The initiative has raised over $15 million in cash and in-kind donations, with continuing contributions being accepted.
Key achievements include:
- Over 8,000 volunteers participated
- More than 80,000 individuals received essential supplies
- Over 19,000 cars accessed the Dream Center supply line
The campaign, launched on January 7, provided essential items including food, water, diapers, and clothing to affected families. Paul Corvino, Division President for iHeart LA, emphasized the community's strength and generosity, while Dream Center Founder Matthew Barnett highlighted the extraordinary response to the crisis.
iHeartMedia, the global leader in podcast publishing, has announced a strategic partnership with Exactly Right Media (ERM). The deal makes iHeartMedia the exclusive sales, marketing, and distribution partner for ERM's entire podcast portfolio, including their flagship show 'My Favorite Murder' and 13 other premium podcasts.
The partnership coincides with 'My Favorite Murder's' 9th anniversary, a show that has achieved approximately two billion lifetime downloads and whose hosts have sold out over 100 live shows globally. The agreement includes the co-production of new shows, leveraging ERM's new audio and video studio opened in May 2024.
The deal encompasses popular shows like 'Buried Bones,' 'Ghosted! by Roz Hernandez,' and 'This Podcast Will Kill You.' 'My Favorite Murder' has received multiple industry recognitions, including the iHeartPodcast Awards' Audio Pioneer Icon Award and a Silver Spotify Creator Milestone Award.
