Company Overview and News
The following slide deck was published by iHeartMedia, Inc. in conjunction with their 2017 Q3 earnings call. (1-0)
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (40-0)
Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday, September 15. (304-0)
Pandora has signaled that it is open to a $13.50 valuation, well in line with SIRI's $15 offer in July 2016.
Late last week, iHeartMedia (OTCPK:IHRT) reported its fourth-quarter and full-year results. Revenue for the quarter was $1.721 billion, roughly flat with the prior year, while operating income was $572 million (or 30.9% of revenue). For the full year, the company generated revenue of $6.274 billion and operating income of $1.505 billion (for a margin of 24.0%). Results by segment were mixed. iHeartMedia, its largest business, in the fourth quarter grew 4.
Clear Channel Outdoor Americas (NYSE:CCO) today launched the first programmatic ad-buying solution for out-of-home advertising, bringing automated purchasing to its digital billboards.
Amid a capital restructuring, iHeartMedia (OTCPK:IHRT +4%) has decided not to repay $57.1M of 5.5% senior notes held by its affiliate Clear Channel Holdings that are due on Thursday, and filed a lawsuit in connection with that move.
The airports unit at Clear Channel Outdoor (CCO -1.7%) has signed a four-year deal for the advertising concession at Punta Cana International Airport, in the Dominican Republic.
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.
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.
Disappointed with capital structure issues at iHeartMedia (OTCPK:IHRT), Topeka Capital's David Miller has downgraded Clear Channel Outdoor Holdings (CCO +2.8%) to Sell from a previous Buy recommendation.
IHeartMedia (OTCPK:IHRT +4.6%) has won a temporary restraining order rescinding certain notices of default it received from senior creditors who objected to a stock transfer.
IHeartMedia (OTCPK:IHRT +8.1%) has filed suit to contest notices of default received tied to a share transfer at its subsidiary Clear Channel Outdoor Holdings (CCO -1.4%).
IHeartMedia (OTCPK:IHRT +15.6%) has won a court ruling in a dispute over a stock transfer among its units.
Receiving a default notice from some of its debt holders isn't going to change ratings for iHeartMedia (OTCPK:IHRT), Moody's says.
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton