Page 6 - Multiplatform Group News Today

Bank of America downgraded shares of iHeartMedia (NASDAQ:IHRT – Get Rating) from a neutral rating to an underperform rating in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has $4.00 price objective on the stock, down from their previous price objective of $6.50. IHRT has been the subject of a number […]

Operator: Good day, everyone. My name is Kelly, and Ill be your conference operator for today. At this time, Id like to welcome everyone to the iHeartMedia Q4 2022 Earnings Call.

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IHeartMedia reveals operating results from the fourth quarter of 2022 and for the full year of 2022. The company says net revenue for Q4 was $1.12 billion, an increase of 6% over the same period in 2021, and full year net revenue for 2022 was $3.9 billion, up 10% over the previous year. The company…

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Radio was flat, digital was up again, and overall revenue rose for iHEARTMEDIA in third quarter 2022, with a 7% year-over-year revenue increase to $989 million, but GAAP operating income fell from $80 million to a loss of $211 million, which includes a $302 million non-cash impairment charge on the companys FCC licenses driven by increased interest rates. Adjusted EBITDA rose 10% to $252 million.The Multiplatform Group, which includes iHEARTs radio properties, was flat at $660 million of ...

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research ...

In this article, we discuss the 10 best stocks to buy according to Don Morgans Brigade Capital.

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research ...

The individual who oversees Hearst Television has been selected to serve as the Television Industry Chair for the broadcast media industry's most prestigious leadership conference, Forecast 2023, scheduled for November 16 at the Harvard Club in Midtown Manhattan.