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IHeartMedia Inc reported fourth-quarter FY21 revenue growth of 13.5 percent year-on-year to $1.06 billion, beating the consensus of $1.04 billion. ...

IHEARTMEDIA fourth quarter 2021 revenue beat the company's guidance, rising 14% year-over-year to $1.062 billion, exceeding the prior 10% projection; excluding political revenue, total fourth quarter revenue jumped 25%. Consolidated Adjusted EBITDA was up 11% year-over-year to $294 million. Operating cash flow nearly doubled to $134 million, credited in large part to selling off or eliminating some real estate assets as the company consolidated its locations. Cash on hand at the end of the ...

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 ...

DraftKings and iHeartMedia signed a multi-year strategic partnership for collaboration and content creation.

Shutterstock Expect broadcasters to report big growth this year as we emerge from the pandemic, but the context is everything. Radio stations were among the hardest hit entertainment companies in 2020, but they're battling back to recapture some of their losses. This was reflected in the first quarter 2021 earnings reports issued last week by iHeartMedia, Audacy (formerly Entercom, pronounced like “odyssey”) and Cumulus, the three largest radio companies in the U.S. For all the gains in digital radio and podcasts, the recovery of radio companies comes down to broadcast adver...