IHRT - iHeartMedia, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
8.12
-0.94 (-10.32%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close9.06
Open9.14
Bid0.00 x 1800
Ask0.00 x 1300
Day's Range8.05 - 9.16
52 Week Range4.31 - 19.69
Volume775,287
Avg. Volume869,396
Market Cap542.812M
Beta (5Y Monthly)N/A
PE Ratio (TTM)0.12
EPS (TTM)68.93
Earnings DateAug 13, 2020 - Aug 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.44
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
21% Est. Return
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    Clear Channel Worldwide Holdings, Inc. -- Moody's affirms Clear Channel's B3 CFR; outlook changed to negative

    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 Launches "Summer Camp with the Stars" to Provide Family Fun for Kids Missing Out on Summer Camp
    Business Wire

    iHeartMedia Launches "Summer Camp with the Stars" to Provide Family Fun for Kids Missing Out on Summer Camp

    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 Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer and Chief Financial Officer Rich Bressler to Present Digitally at the J.P. Morgan 48th Annual Technology, Media and Communications Conference
    Business Wire

    iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer and Chief Financial Officer Rich Bressler to Present Digitally at the J.P. Morgan 48th Annual Technology, Media and Communications Conference

    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.

  • Empire State Building and Billy Joel in Partnership With Robin Hood and iHeartMedia Turn the Bright Lights on Broadway With a New Light Show Set to Miami 2017
    PR Newswire

    Empire State Building and Billy Joel in Partnership With Robin Hood and iHeartMedia Turn the Bright Lights on Broadway With a New Light Show Set to Miami 2017

    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.

  • Was The Smart Money Right About iHeartMedia, Inc. (IHRT)?
    Insider Monkey

    Was The Smart Money Right About iHeartMedia, Inc. (IHRT)?

    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 […]

  • Business Wire

    Bill and Melinda Gates, Becky G, Freida Pinto, George Lopez, Henry Winkler, John Green, Mary J. Blige, Mike Sievert, Rita Wilson, Smokey Robinson, T.I., Tim Cook and Tom Brokaw Join "Commencement: Speeches for the Class of 2020" Podcast

    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.

  • Thomson Reuters StreetEvents

    Edited Transcript of IHRT earnings conference call or presentation 7-May-20 8:30pm GMT

    Q1 2020 iHeartMedia Inc Earnings Call

  • iHeartMedia, Inc. Reports Results for 2020 First Quarter
    Business Wire

    iHeartMedia, Inc. Reports Results for 2020 First Quarter

    iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter ended March 31, 2020.

  • iHeartMedia and LiveXLive Extend Live Stream Partnership of Annual iHeartRadio Marquee Events through 2022
    PR Newswire

    iHeartMedia and LiveXLive Extend Live Stream Partnership of Annual iHeartRadio Marquee Events through 2022

    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 Adopts Short-Term Stockholder Rights Plan
    Business Wire

    iHeartMedia Adopts Short-Term Stockholder Rights Plan

    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.

  • Business Wire

    Dua Lipa and KIIS FM On-Air Personality JoJo Wright Host iHeartRadio Prom Across Stations Nationwide on May 8

    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.

  • Business Wire

    iHeartMedia Launches the iHeartRadio Living Room Concert Series Presented by State Farm®

    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

    iHeartCommunications, Inc. -- Moody's affirms iHeart's B2 CFR; outlook changed to negative

    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. to Report Quarterly Financial Results on May 7, 2020
    Business Wire

    iHeartMedia, Inc. to Report Quarterly Financial Results on May 7, 2020

    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 and iHeartMedia Partner to Further Extend the iHeartRadio Brand in Puerto Rico
    Business Wire

    Uno Radio Group and iHeartMedia Partner to Further Extend the iHeartRadio Brand in Puerto Rico

    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 Celebrates Earth Day 2020 with Launch of iHeartRadio Earth
    Business Wire

    iHeartMedia Celebrates Earth Day 2020 with Launch of iHeartRadio Earth

    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 Announces "iHeartRadio’s First Responder Fridays with FirstNet, Built with AT&T," a Weekly On Air and Live YouTube Stream Special
    Business Wire

    iHeartMedia Announces "iHeartRadio’s First Responder Fridays with FirstNet, Built with AT&T," a Weekly On Air and Live YouTube Stream Special

    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.

  • Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors
    MarketWatch

    Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors

    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.

  • Barrons.com

    iHeartMedia Is Cutting Salaries and Furloughing Workers. Its Stock Is Jumping.

    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 and Today’s Inspiring Thinkers From All Sectors of American Society Team Up to Launch "Commencement: Speeches for the Class of 2020," a New Podcast Giving Students the Graduation They Deserve
    Business Wire

    iHeartMedia and Today’s Inspiring Thinkers From All Sectors of American Society Team Up to Launch "Commencement: Speeches for the Class of 2020," a New Podcast Giving Students the Graduation They Deserve

    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.

  • MarketWatch

    iHeartMedia has $647 million in cash on hand, says political advertising will be on par with prior elections

    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. Announces Cost Savings Initiatives in Response to Coronavirus Pandemic and Provides Business Update
    Business Wire

    iHeartMedia, Inc. Announces Cost Savings Initiatives in Response to Coronavirus Pandemic and Provides Business Update

    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.

  • PR Newswire

    Empire State Building And iHeartMedia Continue To Inspire With A New Music-To-Light Show Set To A Mashup Of Iconic Songs From The Beatles

    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 Launch Digital "KFI Townhall"
    PR Newswire

    Yappa World Inc. and iHeartMedia's KFI in Los Angeles Launch Digital "KFI Townhall"

    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.

  • Barrons.com

    Sen. Richard Blumenthal’s Wife Scooped Up IHeartMedia Stock

    Cynthia Blumenthal bought shares of the radio broadcaster earlier in March through an investment vehicle. IHeartMedia stock has plunged this year.