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 (NASDAQ: IHRT) has named Jon Kurland as Executive Vice President of Business Affairs and Chief Entertainment Counsel, effective immediately. Kurland will oversee strategic deals and relationships with podcast, music, and entertainment partners while leading Business Affairs across the company's divisions. He has over ten years of experience, previously serving as Senior Corporate Counsel at Amazon, focusing on podcasting and music licensing. Kurland’s appointment aims to enhance iHeartMedia's competitive position in the audio industry, where it claims significant reach, including being the largest podcast publisher. The company continues to capitalize on its extensive audience and advertising capabilities to innovate and expand its services.
Curiosity Inc., in collaboration with iHeartPodcasts and School of Humans, announces the launch of a new history podcast titled Founding Son: John Quincy’s America. Premiering on April 13th, the podcast is hosted by Bob Crawford (The Avett Brothers) and features an array of voices including Patrick Warburton and Nick Offerman. This six-episode series explores the life of John Quincy Adams, highlighting his evolution from a one-term president to a significant ex-president and his essential role in American history.
Listeners can catch the official trailer and engage with this compelling narrative of a pivotal historical figure.
iHeartMedia and Samsung Galaxy have launched the "Samsung Galaxy Launchpad Powered by iHeartRadio" program aimed at promoting emerging artists Ice Spice and Jax. Kicking off on March 27, 2023, during the iHeartRadio Music Awards, the initiative will run until June 2024. The program focuses on providing massive exposure through iHeartRadio's platforms and leveraging Samsung Galaxy S23 Ultra devices to create exclusive content. Ice Spice, recognized for her debut EP Like..?, and Jax, known for her hit "Victoria's Secret," will share their journey via social media, building their brands as artists.
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iHeartMedia and FOX Entertainment announced the 2023 iHeartRadio Music Awards hosted by Lenny Kravitz, featuring a special appearance by LL COOL J and performances from artists including P!NK, Kelly Clarkson, and Latto. The event will air live on March 27 from the Dolby Theatre in Los Angeles, from 8:00 PM to 10:00 PM ET on FOX. This year marks the tenth anniversary, celebrating the most-played songs of 2022. Nominees for Songwriter of the Year and Producer of the Year have been revealed, with fan voting open until March 20.
iHeartPodcast Network is set to host an Influencer Summit on April 26, 2023, in location value="LU/us.ny.nyc"New York City. This event will connect podcast creators with marketers to explore the rapid growth of podcasting and its advertising potential. Featured speakers include Charlamagne tha God, Holly Frey, and Malcolm Gladwell, emphasizing the importance of authentic podcast advertising. iHeartPodcast Network is a leader in the industry with over 800 podcasts and has seen significant ad spend growth (68% in podcasts and 58% in influencer marketing from 2021 to 2023).
iHeartMedia and FOX Entertainment announced the 2023 iHeartRadio Music Awards, honoring artists like P!NK and Taylor Swift. Swift will receive the Innovator Award for her profound impact on music and culture, highlighted by record-breaking tours and album sales, including her Grammy-winning Folklore and blockbuster Midnights. Meanwhile, P!NK will receive the Icon Award for her musical achievements and philanthropic efforts. The awards ceremony will air live from Los Angeles on March 27, featuring performances from major artists and fan-voting for various categories.
iHeartMedia (Nasdaq: IHRT) announced that its Chairman and CEO, Bob Pittman, along with President, COO, and CFO, Rich Bressler, will engage in a Q&A session at the Morgan Stanley Technology, Media & Telecom Conference. This event is scheduled for Wednesday, March 8th, at 3:15 p.m. ET. A live webcast will be accessible to the public on iHeartMedia's Investors homepage, and a replay will later be available in the Events & Presentation section.
iHeartMedia is the largest audio media company in America, reaching over 250 million people monthly, excelling in broadcast, digital streaming, podcasting, and audio ad technology.
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iHeartMedia reported Q4 2022 revenue of $1,126 million, up 6% year-over-year, exceeding guidance. Excluding political revenue, growth was 1%. GAAP operating income surged 41% to $173 million, with an operating margin of 15.4%. Adjusted EBITDA rose 7% to $316 million. The Digital Audio Group saw a 10% increase in revenue, driven by a 17% rise in podcast sales. However, Q1 2023 revenue is projected to dip mid-single digits. For the full year, revenue reached $3,912 million, a 10% growth, albeit a decline in GAAP operating income due to a significant impairment charge. Cash flows and free cash flow showed strong performance, totaling $420 million and $259 million, respectively.