Iheartmedia Company Profile

Aggregated data from the web about Iheartmedia

Company Name	Iheartmedia
Website	iheartmedia.com
Snippet	iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas.[3] It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications, Inc. began to operate as a wholly owned subsidiary of CC Media Holdings, Inc.[4][5] On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc.[6][7]
Type	Public
Owners	Thomas H. Lee Partners
Founded	1972
Revenue	US$ 3.6 billion (2019)[2]
Website	iheartmedia.com
Formerly	CC Media Holdings, Inc.(iHeartMedia, Inc. holding company)
Founders	Lowry MaysBilly McCombs
Industry	Radio broadcasting, digital media
Divisions	iHeartMedia (sans "Inc." suffix; formerlyClear Channel Media and Entertainment,Clear Channel Radio, et al.)
Traded as	Nasdaq: IHRT (Class A Common Stock)OTC Pink: IHRTB (Class B Common Stock)OTC Pink: IHETW (Warrants)
Key people	Bob Pittman(Chairman/CEO)[1]
Net income	US$ 11.3 billion (2019)[2]
Headquarters	San Antonio, Texas, U.S.
Subsidiaries	Broader Media, LLCiHeartCommunications, Inc.iHeartMedia and Entertainment, Inc.iHeartMedia Capital I, LLC
Total assets	US$ 11 billion (2019) [2]
Total equity	US$ 2.9 billion (2019)[2]
Operating income	US$ 506.7 million (2019)[2]
Number of employees	18,700[3] (2017)

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