IHeartMedia
| Formerly |
|
|---|---|
| Company type | Public |
| Nasdaq: IHRT (Class A Common Stock) | |
| Industry |
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| Founded |
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| Founders | |
| Headquarters | , U.S. |
Key people | Bob Pittman (chairman and CEO) Rich Bressler (President, Chief Operating Officer and Chief Financial Officer; CEO, Multiplatform Group) Conal Byrne (CEO, Digital Audio Group) |
| US-$797.3 million (2023) | |
| US$1.10 billion (2023) | |
| Total assets | US$6.95 billion (2023) |
| Total equity | US-$384 million (2023) |
Number of employees | 10,800 |
| Divisions | iHeartMedia (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) |
| Subsidiaries |
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| Website | iheartmedia.com |
iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in a leveraged buyout in 2008.
As a result of the 2008 buyout, Clear Channel Communications, Inc. became a wholly owned subsidiary of CC Media Holdings, Inc. On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc.