iHeartMedia, Inc.

iHeartMedia, Inc. is a leading global media and entertainment company, specializing in radio, digital, outdoor, mobile, social, live events and on-demand entertainment. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. Through this business structure, the company provides various services and products to more than 245 million listeners each month, more than 100 million users annually on its iHeartRadio digital music service, and more than 1.2 billion app downloads.

The Multiplatform Group segment offers services like broadcast radio stations, sponsorship, and live and virtual events, as well as Premiere Networks, a national radio network providing approximately 120 syndicated radio programs and services to approximately 6,400 affiliated radio stations. It also offers listeners access to real-time traffic, incident and weather updates, sports, and news through its network of 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2021, iHeartMedia, Inc. owned 863 radio stations which included 249 AM and 614 FM radio stations.

The Digital Audio Group segment provides services such as podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a web and mobile app-based service for radio stations, digital-only stations, custom artist stations, and podcasts. This segment is one of the most prominent providers of podcasting services, with a library of more than 21,000 podcasts, including original content from iHeartRadio and other leading podcast publishers.

The Audio and Media Services Group segment is engaged in media representation business and provides multiple services, like cloud and on-premises broadcast software for radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions, and audio recognition technology to over 10,000 radio and television stations, cable channels, record labels, advertisers, and agencies. It also offers media streaming and research services.

The company was founded in 1985 as CC Media Holdings and changed its name to iHeartMedia, Inc. in September 2014. It is headquartered in San Antonio, Texas and has been listed on the NASDAQ since 1993. It has a total of more than 15,000 full-time and part time employees, as of April 2021. The company has established a strong network of relationships that enables it to reach more than 245 million listeners via its network. It has marketed its services to the global market with representation in 13 countries around the world. With such a vast network and collaboration with renowned multi-platinum radio personalities, brands, and industry elites, iHeartMedia, Inc. has become the leader in entertainment, news, and lifestyle media platforms.