Commodity Channel Index
|Bid||0.00 x 1800|
|Ask||0.00 x 1300|
|Day's Range||8.05 - 9.16|
|52 Week Range||4.31 - 19.69|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||0.12|
|Earnings Date||Aug 13, 2020 - Aug 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.44|
Moody's Investors Service (Moody's) affirmed Clear Channel Outdoor Holdings, Inc's (Clear Channel) B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR). In addition, the secured bank credit facility and secured notes were affirmed at B1 and the senior subordinated notes issued by subsidiary, Clear Channel Worldwide Holdings, Inc. were affirmed at Caa2. Clear Channel's outlook was changed to negative from stable due to the impact of the coronavirus outbreak on outdoor advertising revenue and discretionary consumer spending, which Moody's expects will substantially reduce revenue, profitability and liquidity during 2020.
iHeartMedia today announced the launch of "Summer Camp with the Stars," a special four-week series featuring the top names in music helping millions of children across the U.S. missing out on summer camp due to the COVID-19 pandemic. The series will stream every Friday in July 2020 beginning July 3 at 5 p.m. ET on iHeartRadio’s Facebook page.
iHeartMedia, Inc. (NASDAQ: IHRT) announced today that Bob Pittman, the company’s Chairman and CEO, and Rich Bressler, the company’s President, Chief Operating Officer and Chief Financial Officer, will participate in a digital question and answer session during the J.P. Morgan 48th Annual Technology, Media and Communications Conference on Wednesday May 13, 2020 at 11:10 am Eastern Time.
On Monday, May 11, at 8:00 pm ET, the Empire State Building (ESB) illuminated the New York City skyline with a light show synced to New York legend Billy Joel's brand new recording of Miami 2017.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
iHeartMedia today announced that philanthropists and business leaders Bill and Melinda Gates, singer, songwriter and actor Becky G, actor and gender equality ambassador Freida Pinto, stand-up comedian George Lopez, director and actor Henry Winkler, New York Times bestselling author John Green, Grammy-award winning, Academy-award and Golden Globe nominated Mary J. Blige, T-Mobile CEO Mike Sievert, actor, producer, singer and songwriter Rita Wilson, acclaimed singer-songwriter Smokey Robinson, rapper and record producer T.I., Apple CEO Tim Cook and Emmy award-winning news anchor Tom Brokaw have joined "Commencement: Speeches for the Class of 2020" – a one-of-a-kind special podcast event for America’s graduation month featuring commencement addresses from some of the most inspiring and accomplished thought leaders impacting culture today.
LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, and iHeartMedia (NASDAQ: IHRT) announced today a multiyear extension through 2022 of the livestream partnership which includes more than 25 iHeartRadio festivals and theater shows annually and the addition of five new shows – the iHeartRadio Podcast Awards, the 98.7 ALT Summer Camp, the iHeartCountry Veteran's Day event and iHeartRadio's CES event. The extended agreement also includes LiveXLive's exclusive distribution on its platform of two more of iHeartMedia's top annual events – the iHeartRadio Music Festival and iHeartRadio Jingle Ball -- to international audiences.
iHeartMedia, Inc. (NASDAQ: IHRT) ("iHeartMedia" or the "Company") today announced that its Board of Directors (the "Board") has approved the adoption of a short-term stockholder rights plan (the "Rights Plan") in order to protect the best interests of all iHeartMedia stockholders during the current period of high equity-market volatility and price disruption.
iHeartMedia announced today that Dua Lipa and 102.7 KIIS-FM on-air personality JoJo Wright will host the 2020 iHeartRadio Prom, an on-air celebration for high school students across the country having to forego this milestone due to the COVID-19 pandemic. The four-hour event will broadcast across stations nationwide on May 8 at 8pm local time, and will feature custom celebrity DJ mixes from Marshmello, Diplo, Dillon Francis, Martin Garrix, Loud Luxury and will.i.am. The celebration will also include special messages for the ‘Class of 2020’ from artists such as John Legend, AJ Mitchell, Noah Cyrus, PowFu, Sabrina Carpenter, Sofia Carson, Trevor Daniel and more, plus a special performance from Lewis Capaldi as he sings his hit ballad "Before You Go" for students' first slow dance.
iHeartMedia today announced the launch of "The iHeartRadio Living Room Concert Series Presented by State Farm," a weekly performance series with the goal of bringing Americans together in the comfort and safety of their living rooms for performances by some of the biggest artists in music. The series will video stream and broadcast every Wednesday to celebrate the importance of community and being a "good neighbor" through the power of music during the COVID-19 pandemic.
Moody's Investors Service, ("Moody's") affirmed iHeartCommunications, Inc.'s (iHeart) B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR). The B1 rating on the senior secured term loan, B1 rating on the senior secured notes, and Caa1 rating on the senior unsecured notes were also affirmed.
iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday May 7th, 2020, it will issue financial results for the quarter ending March 31, 2020. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement.
Uno Radio Group, the broadcast leader in Puerto Rico for more than 30 years, and iHeartMedia, the leading audio company in America, today announced an exclusive partnership that will further extend the iHeartRadio brand into Puerto Rico.
iHeartMedia, the number one audio company in the United States, today celebrated Earth Day 2020 with the launch of iHeartRadio Earth, a new sustainability initiative designed to inspire iHeart’s millions of listeners to take action to positively impact the environment.
iHeartMedia and FirstNet®, Built with AT&T announced today "iHeartRadio’s First Responder Fridays with FirstNet, Built with AT&T," a special four-week tribute series hosted by Ryan Seacrest streamed LIVE on iHeartRadio’s YouTube and broadcasted across more than 90 iHeartRadio stations nationwide, honoring first responders and medical professionals on the front lines during the COVID-19 pandemic.
An apparent slowdown in deaths and hospitalizations from the coronavirus that causes COVID-19 the U.S. epicenter New York weighed against a grim forecast for the global economy and a widening row between President Donald Trump and state governors over how to get Americans back to work.
The recent economic downturn triggered by the coronavirus pandemic has decimated the advertising industry, and put immense pressure on media company shares, as Barron’s detailed earlier this month. Earlier Tuesday, iHeart issued a financial update on steps the company is taking to adjust operations to the current environment.
iHeartMedia today announced "Commencement: Speeches for the Class of 2020" -- a one-of-kind special podcast event for America’s graduation month featuring commencement addresses from some of the most inspiring and accomplished thought leaders impacting culture today. Participants in "Commencement: Speeches for the Class of 2020" include two-time Olympic gold medalist and FIFA World Cup champion Abby Wambach; cosmetics icon Bobbi Brown; comedian and TV host Chelsea Handler; restaurateur and TV personality David Chang; Goldman Sachs CEO David Solomon; NFL football legend Eli Manning; journalist and NPR correspondent Guy Raz; top recording artist Halsey; former Secretary of State Hillary Clinton; comedian and TV host Jimmy Fallon; top recording artist John Legend; award-winning journalist Katie Couric; Grammy-nominated pop star Kesha; DJ Khaled; R&B singer and songwriter Khalid; business leader and Co-CEO of Ariel Investments Mellody Hobson; Coach Mike Krzyzewski; Dr. Oz; international recording artist and business entrepreneur Pitbull; actor Sienna Miller; General Stan McChrystal; MSNBC anchor Stephanie Ruhle; CEO of Epic Records Sylvia Rhone and top country artist Tim McGraw, with more to be announced, to help celebrate and inspire high school and college graduates of 2020 as they look to the future.
iHeartMedia Inc. , the biggest operator of radio stations in the U.S., said Tuesday that it has $647 million in cash as of March 31, including a $350 million draw down from its $450 million revolving credit facility. The company has experienced a decline in national, local and network revenue for the year to date, but says that podcasting and digital revenue has grown. Podcast listening reached an all-time high in March, measured by unique visitors and number of downloads, according to a statement from Bob Pittman, iHeartMedia chief executive. The company has seen a sharp decline in sponsorships, a small part of the business according to Pittman, due to event cancellations. And political advertising, which is weighted toward the second half of the year, is expected to be consistent with prior election years. To manage the coronavirus outbreak, company executives have taken a pay cut, a hiring freeze has been put in place, there have been furloughs of "non-essential" workers, a hold on 401(k) matching, and other measures. Savings from these operating expenses is expected to total $200 million in addition to the $50 million savings from modernization efforts announced in February. The company says 90% of its debt matures in 2026 or later. IHeartMedia stock has slumped 57.3% for the year to date while the S&P 500 index is down 14.5% for the period.
iHeartMedia, Inc. ("iHeartMedia") (Nasdaq: IHRT) today announced certain proactive initiatives in response to the currently weak economic environment resulting from the unfolding novel coronavirus pandemic and also provided an update on the status of its business. iHeartMedia believes that the major actions announced today - in combination with the Company’s highly resilient capital structure -- will substantially expand the Company’s financial flexibility, provide sufficient liquidity to operate effectively even in an extended period of economic weakness, and position the Company for a solid growth trajectory when advertising demand returns to normal levels.
The Empire State Building (ESB) and iHeartMedia today announced a weekend break for New York City -- a rock and roll midnight music-to-light show featuring The Beatles' "Sgt. Pepper's Lonely Hearts Club Band (Reprise)" and "A Day in the Life," premiering Saturday, April 11 and Sunday, April 12 at 12:00 a.m. iHeartMedia's Q104.3, New York's Classic Rock, also available on the iHeartRadio app, will broadcast the songs live while ESB's world-famous tower lights play a brand-new show designed and executed by its resident lighting artist, Marc Brickman. ESB and iHeartMedia will continue the special midnight shows each weekend while the stay-at-home order is in place.
Yappa World Inc and iHeartMedia's KFI in Los Angeles, one of the most listened to Talk stations in the country, announced the launch of KFI Townhall, a digital resource for people to connect safely with on-air talent, credentialed health experts and fellow radio listeners about their concerns around the novel Coronavirus epidemic. Starting today, KFI's on-air talent will answer questions and engage with listeners via online yaps, audio and video comments, about various topics that matter most to listeners during this health crisis. To access the Yappa tool, Listeners can visit the Comments section on KFI Townhall.
Cynthia Blumenthal bought shares of the radio broadcaster earlier in March through an investment vehicle. IHeartMedia stock has plunged this year.