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 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.
iHeartMedia has announced the lineup for the eighth annual 'iHeartRadio ALTer EGO Presented by Capital One' event, set to take place on January 11, 2025 at the Kia Forum in Los Angeles. The star-studded roster includes Cage The Elephant, Fontaines D.C., Glass Animals, Incubus, St. Vincent, The Head And The Heart, The Lumineers, The Offspring, and a special performance by Damiano David.
The event will be hosted by Woody of iHeartRadio ALT 98.7's nationally syndicated 'The Woody Show' and will broadcast live on iHeartRadio Alternative and Rock stations nationwide. Capital One returns as the national presenting partner, offering cardholders early access to tickets and exclusive perks. The general public ticket sale begins on October 25, 2024, at 12 p.m. PT via Ticketmaster.com.
iHeartMedia, America's #1 audio company by reach, and Whalar Group, a leading global Creator Company, have announced a partnership to expand opportunities for creators and marketers across iHeart's broadcast, podcast, digital, live events, and social platforms. The collaboration aims to:
1. Provide advertisers innovative ways to pair content creators with brands
2. Deliver scale by leveraging iHeart's multiple platforms and trusted talent
3. Identify and support creators looking to expand beyond social media
4. Allow iHeart's influencers to utilize Whalar Group's creative services and technology
iHeart reaches 9 out of 10 Americans monthly through broadcast radio and is the #1 podcast publisher in America. This partnership is expected to benefit both creators and advertisers by maximizing trusted relationships and connections with audio and social followers.
iHeartMedia announces its annual iHeartRadio Jingle Ball Tour Presented by Capital One for 2024, featuring top artists like Katy Perry, SZA, Tate McRae, Jack Harlow, and more. The tour will visit major cities across the U.S., including New York, Los Angeles, Miami, Chicago, and Dallas/Fort Worth. ABC will exclusively air the iHeartRadio Jingle Ball 2024 holiday special on December 18, with next-day availability on Hulu.
Capital One cardholders will have early access to tickets and exclusive experiences through a special pre-sale. The tour will also partner with the Ryan Seacrest Foundation in nine cities and the Kidd's Kids program in Dallas, allocating a portion of ticket sales to these charitable organizations.
iHeartMedia and Pushkin Industries released a study revealing that 44% of Americans feel ignored by advertisers. The research, conducted by Morning Consult, Advertiser Perceptions, and Critical Mass Media, highlights a disconnect between marketers' perceptions and consumers' realities. Key findings include:
1. 72% of consumers don't want to buy from brands ignoring them, while 75% would pay more for brands sharing their values.
2. Consumers are increasingly uncomfortable with hyper-targeting, with 67% disliking targeted ads.
3. Consumers prioritize religion and law and order twice as much as marketers do.
4. Consumers define luxury differently, focusing on practical indulgences rather than designer labels.
The study aims to help marketers better understand and serve key audience segments, emphasizing the importance of aligning marketing strategies with consumers' real values and priorities.
Airtasker (ASX: ART), a global marketplace for local services, has announced strategic media partnerships with iHeartMedia and TelevisaUnivision to accelerate its U.S. expansion. These partnerships, valued at $9.75 million, aim to boost brand recognition and growth across the country. TelevisaUnivision will receive a minority equity stake in Airtasker USA, while iHeartMedia will leverage its extensive audio advertising network.
The collaborations build on Airtasker's successful international growth strategy, replicating its Australian success where a similar partnership led to over 60% brand awareness and 20x revenue growth. These partnerships will enable Airtasker to reach diverse audiences, including the influential Hispanic demographic, through various media channels including radio, digital platforms, and podcasts.
iHeartMedia announces the return of the House of Music at the 2024 iHeartRadio Music Festival, a mixed-reality immersive experience inspired by main stage artists. The free event, open to the public on September 20 and 21 from 4 p.m. to 1 a.m. at Toshiba Plaza outside T-Mobile Arena, features over 12 interactive rooms showcasing artists like Camila Cabello, Doja Cat, and Gwen Stefani.
Guests can explore artist-inspired spaces, engage with brand experiences, and earn digital points for prizes. The festival itself, hosted by Ryan Seacrest, will feature performances by A$AP Rocky, Dua Lipa, The Weeknd, and more. Tickets are available on AXS.com, and the event will be broadcast live on iHeartMedia radio stations and streamed exclusively on Hulu.