Category archives: iHeartMedia

Big Radio Consolidation Spotlights The Need to Update Songwriters’ Rights

David Israelite, CEO of the National Music Publishers’ Association, on Liberty Media, iHeart and the US consent decrees
The post Big Radio Consolidation Spotlights The Need to Update Songwriters’ Rights appeared first on Music Business Worldwide.

iHeartMedia to cut costs by $250m this year, as it battles economic impact of Coronavirus

Bob Pittman: “We want our shareholders to know that we have taken immediate and proactive steps to weather this crisis.”
The post iHeartMedia to cut costs by $250m this year, as it battles economic impact of Coronavirus appeared first on Music Business…

iHeartMedia furloughs employees; CEO Bob Pittman gives up salary for remainder of 2020

News follows last week’s announcement that iHeart is withdrawing its full-year 2020 financial guidance
The post iHeartMedia furloughs employees; CEO Bob Pittman gives up salary for remainder of 2020 appeared first on Music Business Worldwide.

Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia

iHeart’s stock crashed by nearly a quarter (22%) today
The post Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia appeared first on Music Business Worldwide.

Daniel Ek rubbishes iHeart boss Pittman’s claim that ‘73% of Spotify’s listening comes from just 3% of their audience’

iHeart now reaches 275 million Americans monthly – more than the top two closest broadcast radio competitors combined
The post Daniel Ek rubbishes iHeart boss Pittman’s claim that ‘73% of Spotify’s listening comes from just 3% of thei…

iHeartRadio Adds Artist Assets From Muzooka To Charts

Muzooka and iHeartMedia have partnered to integrate Muzooka’s artist assets including photos, videos, bios and more into the iHeartRadio Music Charts powered by Mediabase. Muzooka is an industry central hub where artists and their teams have the ability to manage their own assets across multiple platforms. The company also automates…

No Spotify or Slack Here — iHeartMedia’s Shares Fall as Much as 7% on Its First Day on NASDAQ

Emerging from bankruptcy, iHeartMedia returned to Wall Street yesterday morning. Unfortunately, the nation’s largest radio broadcaster wasn’t exactly welcomed with open arms. Now trading under “IHRT” on NASDAQ, investors swiftly punished the stock shor…

IHeartMedia [IHRT] Stock Falls On Market Debut

T he largest radio conglomerate in the US, iHeartMedia, became a publicly-traded company again on Thursday, are launching its direct listing. Shares of the company, which just recently emerged from bankruptcy, are listed under the ticker “IHRT” on the NASDAQ. The stock fell as low as $15.75 in early trading…

FRI. BRIEF: iHeartMedia Stock Drops On Debut • 7digital Shuffles • Google Bands Viagogo • CASE Act Advances • More

FRIDAY 7.19.19
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