iHeartMedia, Inc.

iHeartMedia, Inc.

iHeartMedia, Inc.

Overview
Date Founded

1972

Headquarters

200 East Basse Road,Suite 100,San Antonio, TX 78209-8328

Type of Company

Public

Employees (Worldwide)

11.4K

Industries

Cable, Satellite, and Radio Telecommunications
Pension Funds & Sovereign Wealth
Media Conglomerates
Holding Companies
Entertainment
Computer Software
Advertising & Marketing

Company Description

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Audio; Audio and Media Services; and Corporate and Other Reconciling Items. The Audio segment comprises of media and entertainment services via broadcast and digital delivery and also includes events and national syndication businesses. The Audio and Media Services segment consists of the other audio and media services, including the media representation business (Katz Media) and the provider of scheduling and broadcast software (RCS).The company was founded by L. Lowry Mays and B. J. McCombs in 1972 and is headquartered in San Antonio, TX.

Contact Data
Trying to get in touch with decision makers at iHeartMedia, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman & Chief Executive Officer

Senior Vice President, Chief Accounting Officer & Assistant Secretary

President & Chief Financial Officer

Co-President, Metro Division-iHeartMedia Markets Group

Deputy Chief Financial Officer & Executive Vice President-Finance

Executive Vice President, General Counsel & Secretary

Executive Vice President & Deputy General Counsel

Chief Marketing Officer & Executive Vice President

Executive Vice President & Chief Communications Officer

Chief Programming Officer

Board of Directors

Chairman & Chief Executive Officer at iHeartMedia, Inc.

President & Chief Financial Officer at iHeartMedia, Inc.

Founder at Altimeter Capital Management LP

Co-Chairman & Chief Executive Officer at Spyglass Entertainment Holdings LLC

President at Larkspur International Sales, Inc.

Founder at Drawbridge, Inc.

Former Partner at Goldman Sachs & Co. LLC

Paths to iHeartMedia, Inc.
Potential Connections via
Relationship Science
You
iHeartMedia, Inc.
Owners & Shareholders
Details Hidden

Invesco Senior Secured Management (ISSM) manages a range of US and European bank loan and credit opportunity products including unleveraged, moderately leveraged and highly leveraged portfolios in the form of commingled funds, separately managed accounts and CLOs. The firm employs a fundamental, credit-driven approach that evaluates default risk and principal preservation. They use a proprietary rating assigned to each investment that is intended to reflect their view on value at risk. Investment selection and portfolio construction seeks to balance the identified value against the specified investment objective of each managed fund. ISSM participates in the below investment grade market. The firm employs a fundamental, credit driven approach to evaluate default risk and principal protection expressed as a function of value at risk. Ultimate credit selection seeks to balance yield and fundamental risk factors against the specified return objectives of each investment vehicle.

Details Hidden

Sculptor Capital employs a diverse investment strategy in managing client assets, focusing on, among other strategies including risk or merger arbitrage; global equities; convertible/derivative arbitrage; corporate credit; structured credit; private investments; real estate; and aviation. The firm conducts due diligence based on the facts and circumstances applicable to each investment in evaluating potential investments. They may evaluate important and complex business, financial, tax, accounting, environmental and legal issues when conducting due diligence. Sculptor Capital relies on the resources available, including information provided by the target of the investment and, in some circumstances, third-party research and consultants.

Details Hidden

BCM utilizes a variety of resources or services to form an investment idea or strategy. From quantitative and qualitative points of view, the firm researches and screens investment ideas. Research typically includes reviewing the prospectus of a company as well as financial statements and regulatory filings. They often seek to speak with company management, analysts and seasoned sales professionals at major broker-dealers, third party industry experts, and others industry participants. BCM also generates ideas by reviewing industry reports and having discussions with third party industry experts. They develop and closely review internal valuations for potential investment targets, including asset coverage, free cash flow, and overall likelihood and severity of default.

Recent Transactions
Details Hidden

RCS, Inc., iHeartMedia, Inc. purchase Radiojar Information Technology SA from PJ Tech Catalyst Management A.E.

Details Hidden

iHeartMedia, Inc. purchases Jelli, Inc. from Intel Capital Corp., First Round Capital, TriplePoint Ventures LLC, Relay Ventures, VoiVoda Ventures

Details Hidden

CTS Eventim AG & Co. KGaA purchases Friends & Partners SRL from iHeartMedia, Inc.

Transaction Advisors
Escrow Agent

Advised oniHeartMedia, Inc., iHeartCommunications, Inc. purchase Westwood One, Inc. /Metro Traffic Division from Westwood One, Inc. (Inactive), The Gores Group LLC

Legal Advisor

Advised oniHeartMedia, Inc. purchases Jelli, Inc. from Intel Capital Corp., First Round Capital, TriplePoint Ventures LLC, Relay Ventures, VoiVoda Ventures

Advisors & Consultants
Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Banker

Vice Chair, Investment Banking at Credit Suisse Securities (USA) LLC

Clients

BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers. The Bell Wireline segment offers data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products to residential, small and medium-sized business, and large enterprise customers. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment involves in selling, marketing, distributing, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

Radio One, Inc. is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and operate 55 broadcast stations located in 16 urban markets in the United States. Our operating strategy is to operate the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our overall media platform by making acquisitions and investments in other complementary media properties. Our other media interests include our approximately 51% controlling ownership interest in TV One, LLC (“TV One”), an African-American targeted cable television network (www.tvoneonline.com ); our 53.5% ownership interest in Reach Media, Inc. (“Reach Media”), which operates the Tom Joyner Morning Show (www.reachmediainc.com); our ownership of Interactive One, LLC (“Interactive One ”), an online platform (www.interactiveone.com) serving the African-American community through social content, news, information, and entertainment, which operates a number of branded sites, including NewsOne, TheUrbanDaily and HelloBeautiful ; and our ownership of Community Connect, LLC, an online social networking company, which operates a number of branded websites, including BlackPlanet, MiGente and Asian Avenue. Through our national multi-media presence, we provide advertisers with a unique and powerful delivery mechanism to the African-American and urban audience. Our market portfolio includes stations in Atlanta, Baltimore, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Detroit, Houston, Indianapolis, Philadelphia, Raleigh-Durham, Richmond, St. Louis and Washington D.C.

Key Stats and Financials As of 2019
Market Capitalization
$559M
Total Enterprise Value
$7.39B
Earnings Per Share
$146.72
Revenue
$3.68B
Net Profit
$9.47B
EBITDA
$909M
EBITDAMargin
24.67%
Total Debt
$6.7B
Total Equity
$2.95B
Enterprise Value Sales
2.01x
Enterprise Value EBITDAOperating
7.17x
TEVNet Income
0.78x
Debt TEV
0.91x
Three Year Compounded Annual Growth Rate Of Revenue
-16.26%
Five Year Compounded Annual Growth Rate Of Revenue
-10.23%
Non-Profit Donations & Grants
Investments
Details Hidden

Ozy Media, Inc. operates a daily news and culture site. The firm specializes on providing news and information about people, places, trends, ideas, and opinions. The company was founded by Samir Rao and Carlos Watson on November 8, 2012 and is headquartered in Mountain View, CA.

Details Hidden

Autolotto, Inc. operates as an online lottery management system and social network for lottery. The company was founded on March 9, 2015 and is headquartered in San Francisco, CA.

Details Hidden

Unified Social, Inc. provides marketing technology services related to advertising, financial services, and social media markets. It offers managed advertising and professional data services. The company was founded by Jason Beckerman, Josh Backer and Sheldon Owen in 2011 and is headquartered in New York, NY.

Investors
Details Hidden

Co-Founder at Jelli, Inc.

Details Hidden

Senior Operating Partner, Francisco Partners Consulting at Francisco Partners Management LP

Details Hidden

Co-Founder, Chief Technology Officer at Jelli, Inc.

Suppliers
Nielsen Holdings Plc Market & Policy Research | New York, NY

Nielsen Holdings Plc engages in the provision of global marketing data collection and analytics services. It operates through the Buy and Watch segments. The Buy segments offers consumer packaged goods to manufacturers and retailers. The Watch segment delivers services to media and advertising clients. The company was founded by Arthur C. Nielsen, Sr. in 1923 and is headquartered in New York, NY.

Entravision Communications Corp. Media Conglomerates | Santa Monica, California

Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its tv stations. The Radio Broadcasting segment sells advertisements and syndicates radio programming through Entavision Solution. The Digital Media segment delivers mobile, digital, and other interactive media platforms and services on internet-connected devices, including local websites and social media. The company was founded by Walter F. Ulloa and Philip C. Wilkinson in January 1996 and is headquartered in Santa Monica, CA.

PJT Partners, Inc. Other Business & Consulting Services | New York, NY

PJT Partners, Inc. is a holding company, which engages in the provision of advisory-investment solutions. It specializes in strategic advisory, shareholder engagement, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments. The company was founded on November 5, 2014 and is headquartered in New York, NY.

Competitors
Fox Corp. Cable, Satellite, and Radio Telecommunications - New York, NY

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. It empowers a diverse range of creators to imagine and develops culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Spotify Technology SA Internet Software & Services - Luxembourg, Luxembourg

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.

Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Awards & Honors
Rank #414
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #414
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by iHeartMedia, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of iHeartMedia, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and iHeartMedia, Inc..