Hosted by Martin Luther King III, Arndrea Waters King, Craig Kielburger and Marc Kielburger, the podcast explores the defining moments and untold struggles shaping the legacies of extraordinary leaders Launching on MLK Day, podcast guests include Mel Robbins, Dr. Sanjay Gupta, David Oyelowo, Billy Porter, Martin Sheen, and many more In celebration of Dr. Martin Luther King, Jr.'s legacy, iHeartMedia will award a $5 Million Spotlight Media Grant to 'Realize the Dream' NEW YORK, Jan. 16, 2025 /PRNewswire/ --  ...

When things go wrong at highly levered companies, the equity becomes a “stub”, meaning that its value is only derived by its convexity. That is, the probability that before an actual restructuring and debt equitization, things might go better thanAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receivin ...

iHeartMedia, Inc. (NASDAQ:IHRT) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Mike McGuinness - Head, Investor Relations Bob Pittman - Chairman and CEO Rich Bressler - President, Chief Operating Officer and CFO Conference Call Participants Stephen Laszquez - Goldman Sachs Jim Goss - Barrington Research David Hamburger - Morgan Stanley Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today. At this time, I would like to welcome ...

Why is iHeartMedia's stock soaring despite mixed earnings results? The headline numbers don't tell the whole story.Shares of iHeartMedia (IHRT 25.29%) surged as much as 63.2% higher on Thursday morning, powered by a reasonable earnings report paired with a helpful debt restructuring. The broadcast radio and audio-streaming company's stock cooled down later in the day, but the single-day gain was a robust 24.1% just before 2 p.m. ET.The heart of iHeartMedia's Q3 report was neither earnings nor revenuesiHeart ...

IHeartMedia (IHRT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -900%. A quarter ago, it was expected that this radio company would post a loss of $0.31 per share when it actually produced a loss of $0.23, delivering a surprise of 25.81%.Over the last four quarters, the company has surpassed consens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO __________ Commission File Number 001-38987 IHEARTMEDIA, INC. (Exact name of registrant as specified in its charter) Delaware 26-0241222 (State or other ju ...

Exhibit 99.1 rtMEDIA IHEARTMEDIA, INC. REPORTS RESULTS FOR 2024 THIRD QUARTER New York, NY, November 7, 2024 – iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended September 30, 2024. Financial Highlights: 1 Announced Debt Exchange Transactions and Cost Efficiency Actions ▪ Entered into a transaction support agreement with a group of debt holders representing approximately 80% of the Company's outstanding term loan and notes to exchange $4.1 billion of existing debt; exten ...

Hundreds of jobs will be slashed at iHeart Media as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.The company headed by CEO Bob Pittman has cut less than 5% of a workforce of more than 10,000 employees, a source with knowledge said, amounting to hundreds of job losses as the company streamlines its business and eliminates redundancies.Wendy Goldberg, an iHeart spokeswoman, confirmed the layoffs. She noted that the company has focused on expanding its Gen Z ...

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Investors in iHeartMedia, Inc. (IHRT) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $5.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...