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. (Nasdaq: IHRT) is a leading multimedia and entertainment company based in the United States, recognized for its wide-reaching influence in the audio broadcasting industry. With a substantial presence across multiple platforms, iHeartMedia boasts an impressive 245 million monthly listeners in the U.S., 87 million monthly digital uniques, and over 75 million social followers. The company has the largest reach of any radio or television outlet in America, serving over 150 markets through its 858 owned radio stations.
iHeartMedia operates through three primary segments: the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The Multiplatform Group, which includes the company's broadcast radio, networks, sponsorships, and events businesses, is the company’s prime revenue driver. The Digital Audio Group encompasses iHeartMedia's digital ventures, notably including podcasting, which is a rapidly growing segment for the company. The Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.
iHeartMedia's signature digital radio platform, iHeartRadio, is a top-ranking all-in-one digital audio service, boasting over 700 million downloads. It achieved a milestone by reaching its first 20 million registered users faster than any digital service in internet history, and it hit 70 million users quicker than any other radio or digital music service, outperforming even Facebook in terms of growth rate.
Recently, iHeartMedia has engaged in significant partnerships to expand its reach and influence. One notable collaboration is with MundoNow's Oyénos Audio Network. This partnership aims to distribute a diverse range of podcasts, enriching the podcasting landscape with multifaceted Latino experiences. Oyénos has experienced remarkable growth since its launch, averaging 1.5 million downloads per month. This partnership allows iHeartMedia to leverage its vast reach and extensive marketing assets to further grow the platform and bring diverse content to new audiences.
iHeartMedia continues to lead the audio media industry, reaching over 90% of Americans each month with its broadcast radio assets alone, which have more consumer reach in the U.S. than any other media outlet. The company is also the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined. Its strong audience connection and unparalleled consumer reach enable it to build and innovate new platforms, products, and services.
iHeartMedia and the NFL announce a new fall programming lineup for the NFL Podcast Network, enhancing listener access to football insights. New shows include The Season with Peter Schrager featuring NFL personalities and El Huddle, aimed at Latino fans. The lineup also sees NFL legends like Emmanuel Sanders joining later. iHeartMedia’s partnership with the NFL aims to broaden its podcast offerings and reach new audiences, showcasing a strong commitment to delivering exclusive football content.
iHeartMedia has announced the lineup for the sixth annual iHeartRadio ALTer EGO, taking place on January 14, 2023, at the Kia Forum in Los Angeles. The event will feature top Alternative Rock artists including Red Hot Chili Peppers, Jack White, Muse, and Fall Out Boy. Fans can win trips to the show before ticket sales begin, with pre-sale availability starting on October 25 for Capital One cardholders. General ticket sales open on October 28. The event will be broadcast live on various iHeartRadio stations.
iHeartMedia has launched the "MEternal – Because Pregnancy Is About Mom Too" campaign to address the Black maternal mortality crisis in New York City. This initiative, in collaboration with MetroPlusHealth and Thinx, features on-air announcements, a dedicated podcast, and an online resource portal (MEternal.info). The initiative aims to reach over 1.6 million women of color and provide vital information to help reduce risks during pregnancy, responding to statistics indicating Black women are three times more likely to die from pregnancy-related causes than white women.
The iHeartRadio Jingle Ball Tour, presented by Capital One, celebrates the holiday season with top artists including Dua Lipa, Lizzo, and Jack Harlow across major U.S. cities. The tour kicks off on November 29 in Dallas and concludes in Miami on December 18. A live broadcast will air on The CW Network on December 17 at 8 p.m. EST. Capital One cardholders will have exclusive pre-sale access for tickets. Portions of ticket sales will benefit the Ryan Seacrest Foundation, supporting youth initiatives. The event promises a star-studded lineup across various cities.
On September 30, 2022, Mattress Firm announced the launch of a new podcast series titled "Chasing Sleep", produced in collaboration with iHeartMedia. Hosted by wellness expert Anahad O'Connor, the eight-episode series will feature stories from various individuals including ultra-marathon runners and astronauts, focusing on their unique sleep challenges. The podcast aims to combat Junk Sleep and promote better sleep habits, aligning with Mattress Firm's mission to help individuals improve their rest for better living.
Neustar, a TransUnion company, announced a partnership with iHeartMedia to enhance marketing attribution by integrating broadcast radio data into Neustar's Unified Measurement Solution. This new offering allows advertisers to measure the impact of radio alongside other channels, improving insights into consumer behavior. With radio reaching over 90% of Americans monthly, this collaboration aims to optimize marketing strategies for brands, offering a comprehensive view of advertising effectiveness across platforms.
iHeartMedia has launched iHeartLand on Roblox, a metaverse destination merging gaming, live events, music, and entertainment. Users can collect sound energy to power custom music studios and engage in daily quests in the State Farm Neighborhood featuring Jake from State Farm. The launch includes performances by artist Lauv on September 16 and Charlie Puth on October 7, among 20 planned events. The Intel House of Wonder will enhance user experiences with unique installations. iHeartMedia aims to leverage its extensive reach to attract younger audiences through this innovative platform.
iHeartMedia and Warner Music Group have announced a multi-year partnership to co-produce a variety of podcasts under iHeart's leading podcast network. This collaboration aims to include both weekly shows and special limited-run series, beginning this fall. Warner's new podcast network, Interval Presents, launched in April 2022, intends to deliver culture-forward content featuring popular artists. The partnership will leverage iHeartMedia's robust distribution and advertising capabilities, aiming to expand the reach and launch new podcasts that amplify diverse voices.
iHeartMedia (Nasdaq: IHRT) announced that CEO Bob Pittman and CFO Rich Bressler will engage in a Q&A session at the Goldman Sachs Communacopia + Technology Conference on September 13 at 1:45 p.m. ET. The session will be webcast live, accessible via the iHeartMedia Investors homepage, with a replay available afterward. iHeartMedia is a leading audio media company in the U.S., reaching over 250 million people monthly and excelling in both broadcast and digital streaming radio, podcasting, and audio advertising technology.
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