iHeartMedia, Inc.

- OTCPK - Current
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  • Fri, Jan. 8, 3:48 PM
    | Fri, Jan. 8, 3:48 PM
  • Thu, Jan. 7, 1:25 PM
    • Following on a rash of virtual-reality news coming out of CES week -- including hardware from Facebook's Oculus, HTC and Sony -- Universal Music Group (OTCPK:VIVHY +0.4%) is teaming up with iHeartMedia (OTCPK:IHRT -6.4%) to make inroads into VR performances around music superstars.
    • There will be six to 10 VR music experiences this year, says iHeartMedia's John Sykes. With the partnership, one VR experience by a UMG artist will be part of each major marquee iHeartMedia event this year, kicking off with the iHeartRadio Music Awards April 3.
    • They'll also do four VR concerts together in the second half.
    • “We’ll get into the game with the first show and deliver the best possible experience we can with the technology available today, and then the following year it will look better,” Sykes says. “It’s going to be a work-in-progress learning experience.”
    | Thu, Jan. 7, 1:25 PM
  • Thu, Jan. 7, 1:03 PM
    • After vaulting toward the close yesterday over a report that it was discussing selling nearly $1B in billboard assets, Clear Channel Outdoor Holdings (NYSE:CCO) has given it back and then some, down 8.3% today.
    • The company says it's closed a sale of five "non-strategic" outdoor markets to Lamar Advertising (NASDAQ:LAMR), for $458.5M in a pair of transactions.
    • One transaction covers Reno, Nev.; Des Moines, Iowa; and Seattle. Those markets generated $40.9M in net revenues (trailing 12 months). The other covers Cleveland and Memphis, Tenn.; those markets generated $35.6M in net revenues. The $458.5M deal price is a blended multiple of 12.5 times the five markets.
    • The company didn't state a use for proceeds, though it's expected they could go toward the $20B debt load of parent iHeartMedia (OTCPK:IHRT -5.5%).
    | Thu, Jan. 7, 1:03 PM
  • Wed, Jan. 6, 3:55 PM
    • Clear Channel Outdoor Holdings (NYSE:CCO) has jumped 15.3% in the closing minutes as Reuters reports Lamar Advertising (NASDAQ:LAMR) is in advanced talks to buy a set of billboard assets for nearly half a billion dollars.
    • Lamar is nearing a deal to buy CCO's billboard assets in Cleveland; Des Moines, Iowa; Memphis, Tenn.; Reno, Nev.; and Seattle, sources said, though talks aren't final. The holdings could draw about $450M.
    • One source adds CCO plans to sell a different $350M-$400M of billboard assets elsewhere to private buyers such as Total Outdoor and Reagan Outdoor.
    • Proceeds would help CCO's parent iHeartMedia (OTCPK:IHRT) with some $20.6B in debt.
    | Wed, Jan. 6, 3:55 PM
  • Tue, Jan. 5, 9:15 AM
    • IHeartCommunications (OTCPK:IHRT) is set to receive nearly $200M as family company Clear Channel Outdoor Holdings (NYSE:CCO) executes a special cash dividend.
    • The dividend of $0.6026/share, payable this Thursday, was set with an of-record date for yesterday. With shares counted, the payment comes to $217.8M, and iHeartCommunications (an indirect parent) is entitled to get about $196.3M of that.
    • Public shareholders will receive about $21.5M. The company funded the dividend with senior 8.75% debt due 2020.
    | Tue, Jan. 5, 9:15 AM
  • Nov. 11, 2015, 1:00 PM
    • IHeartMedia (OTCPK:IHRT) is up 12.7% as it launches a new app targeted at children -- iHeartRadio Family -- in a first expansion of its flagship brand.
    • The app is a partnership with Build-A-Bear Workshop, which will get its own radio station in the deal.
    • Featuring streaming music and storytelling, it's aimed at children 4-11 and will also feature Radio Disney Junior and stations built around musicians Nick Jonas, Selena Gomez and 5 Seconds of Summer. Listening is free and uncapped.
    • It's available in the iOS, Google Play and Amazon app stores.
    | Nov. 11, 2015, 1:00 PM
  • Nov. 9, 2015, 5:22 PM
    • Clear Channel Outdoor Holdings (CCO -4.8%) is looking at the sale of U.S. billboard assets that might collectively come to $800M, Reuters reports.
    • The company has hired Moelis & Co. to advise it on a sale, sources said. The assets in question reportedly generate annual EBITDA of $60M-$70M.
    • Buyers could include rivals like Outfront Media (NYSE:OUT), Lamar Advertising (NASDAQ:LAMR), GTCR and JCDecaux. Clear Channel could divest holdings in a variety of regions, which could include Las Vegas, Seattle, Portland, and Bentonville and Fort Smith, Ark.
    • About 88% of Clear Channel Outdoor is held by iHeartMedia (OTCPK:IHRT -10%).
    | Nov. 9, 2015, 5:22 PM
  • Nov. 5, 2015, 7:50 AM
    • iHeartMedia (OTCPK:IHRT): Q3 Net Loss of $221.9M
    • Revenue of $1.58B (-3.1% Y/Y) misses by $40M.
    | Nov. 5, 2015, 7:50 AM
  • Jul. 30, 2015, 7:32 AM
    • iHeartMedia (OTCPK:IHRT): Q2 Net Loss of $54.5M.
    • Revenue of $1.6B (-1.8% Y/Y) misses by $10M.
    | Jul. 30, 2015, 7:32 AM
  • Jul. 8, 2015, 10:36 AM
    • AT&T (NYSE:T) is adding its first streaming radio application to U-verse TV, via a deal wtih iHeartMedia (OTCPK:IHRT).
    • The two launched iHeartRadio, allowing subscribers to search stations on a number of criteria -- including live radio stations from around the country.
    • They plan to add features like a Pandora-like custom station creation to the app later this year, drawing on a 20M-song library (iHeartMedia is the holding company for the former Clear Channel Communications) and such criteria as mood indicators as well as thousands of podcasts.
    • It's another interactive app for U-verse TV, which now has more than 30 offered.
    | Jul. 8, 2015, 10:36 AM
  • Oct. 28, 2014, 7:27 AM
    • iHeartMedia¬†(OTCQB:IHRT): Q3 Net loss of $114.8M
    • Revenue of $1.63B (+3.2% Y/Y) in-line.
    | Oct. 28, 2014, 7:27 AM
Company Description
Sector: Services
Country: United States