Tag Archives: iHeartMedia

iHeartMedia has been Approved for Listing on NASDAQ



iHeartMedia announced that its Class A common stock has been approved for listing on the NASDAQ Global Select Market. Upon listing, iHeartMedia’s Class A common stock will trade under the ticker “IHRT”.

As previously announced, iHeart had been evaluating all paths to achieve a listing of its Class A common stock on a recognized U.S. stock exchange following emergence from its restructuring process. iHeartMedia has determined that a listing on the NASDAQ Global Select Market is the optimal strategy for iHeartMedia and all of the company’s stakeholders.

As a result, the Company has requested the withdrawal of its previously filed registration statement on Form S-1 with the U.S. Securities and Exchange Commission. iHeartMedia’s management team met with investors the week of July 15 in advance of a listing date of July 18, 2019.

“This is an exciting time for our company and an important step in the evolution of iHeartMedia. Our listing on the NASDAQ will provide greater liquidity for existing shareholders, allow us to diversify our investor base, and give us improved access to public capital markets in the future,” said Bob Pittman, Chairman and Chief Executive Officer of iHeartMedia, Inc.


iHeartMedia Seeks a Producer/Editor/Engineer



iHeartMedia Inc. is seeking a talented editor, engineer, and audio content producer to assist in podcast production for the Los Angeles division of the iHeartMedia Podcast Network. Applicants should first and foremost have a feel for timing and the coherent delivery of information, and be able to assemble seamless, highly listenable edits of long format voice-only content, on often-tight deadlines.

Applicants should have at least a basic background in audio engineering, and be comfortable recording and editing audio in Pro Tools.

This is an information-based medium, so an ideal candidate will also have a fundamental base of intellectual curiosity, be up on current events and culture, and be able to perform effective and efficient research on a wide range of topics, and know how to assimilate and deliver those ideas in a coherent way.

They want someone who is “personable, responsible, and professional”.

Responsibilities include:

  • Records, edits and contributes to development of content for podcasts.
  • Possesses recording expertise in both studio and field environments.
  • Collaborates with hosts and other vertical teams to achieve the highest standard of assets and deliverables for the company.

To find out more about about the Producer/Editor/Engineer position, and to apply for it, please visit the iHeartMedia website where the job is listed.


iHeartMedia Launches iHeartPodcast Channel on the Radio



iHeartMedia launched it’s first iHeartPodcast Channel. It is the new format on WSAN in the Allentown-Bethlehem, Pennsylvania, market. Since 2016, AM 1470 had been airing the Spanish-language sports network ESPN Deportes.

InsiderRadio reported that channel is now being called “The iHeartPodcast Channel on AM 1470”.

The iHeartPodcast Channel is a carefully curated experience that brings you the most creative stories from over 25,000 podcasts available on our free iHeartRadio app. From true crime to history, comedy to food, we’ll cover dozens of topics every week,” says Craig Stevens, SVP of programming for iHeartMedia in the Allentown-Bethlehem market.

The Morning Call reported that the 1470 frequency will continue to broadcast Lehigh Phantoms hockey, but will no longer carry the Philadelphia Phillies games in Spanish. The station will continue to air Tempo Italiano with John Richetta 8 a.m. to noon on Sundays.

The Monday-Friday lineup will be:

  • 12-3 a.m.: Stuff You Should Know
  • 4-5 a.m.: Omnibus
  • 5-7 a.m.: Stuff to Blow Your Mind
  • 7-8 a.m.:Unqualified with Anna Ferris
  • 8-10 a.m.:Ridiculous History
  • 10 a.m. – noon:Stuff You Should Know
  • Noon – 1 p.m.:Broken Harts
  • 1-2 p.m.: Part Time Genius
  • 2-3 p.m.: Stuff to Blow Your Mind
  • 3-5 p.m.: Stuff You Missed in History Class
  • 5-6 p.m.: Stuff Your Mom Never Told You
  • 6-7 p.m.: Happy Face
  • 7-8 p.m.: Broken Harts
  • 9-11 p.m.: Part Time Genius
  • 11 p.m. – midnight: Hell and Gone

New Seasons of Disgraceland Coming



Jake Brennan, host and producer of the rock and roll true crime podcast Disgraceland, and iHeartMedia, the number 1 commercial podcast publisher globally, with over 20,000 podcasts on its platform, announced at the Winter Podcast Upfront a new partnership to bring listeners two additional seasons of Disgraceland to the iHeartPodcast Network.

Disgraceland is a true-crime podcast about musicians getting away with murder and behaving very badly. It is hosted and produced by Jake Brennan. It has thirty minute episodes that trace the most insane criminal stories surrounding our most interesting and infamous pop stars.

Season 3 will feature 10 episodes and will debut everywhere on March 14, 2019, with part one of a two-part episode on Kurt Cobain and Courtney Love. Part two will follow on March 19, 2019.

Subsequent new episodes will be released bi-weekly on Tuesdays beginning March 26, 2019, with an episode on Snoop Dogg. In addition, Disgraceland will debut the Season 3 premier first on iHeartMedia broadcast radio stations across the U.S. on March 13, 2019, before its available digitally on March 14, 2019.

“I can’t wait for Disgraceland listeners to hear Season 3,” said Host and Creator Jake Brennan. “They can expect more of the same highly entertaining stories from the seedy underbelly of rock and roll past and present, but with a whole new cast of characters: Kurt and Courtney, Ike and Tina, Johnny Cash and Amy Winehouse to name a few. More death, self-destruction, scandal, amazing music and pre-set mellotron loops.”

The partnership will also include a new slate of iHeartRadio Original podcasts led by Brennan set to be released later this year.

Two of the originals include Rocka Rolla, a serialized version of Disgraceland with a 10-episode arc on the madness and genius of Phil Spector, and The 27 Club, a new anthology series that will explore the lives of rock stars who died mysteriously at the age of 27. The new slate of shows will be hosted by Brennan and co-produced by iHeart Radio in the style of Disgraceland.


iHeartMedia to Acquire Jelli



iHeartMedia announced that it has entered into an agreement to acquire Jelli, Inc., the technology company that powers the SoundPoint programmatic platform.

The Jelli platform is the pioneering technology foundation for programmatic buying and selling of broadcast radio, and this acquisition will enable iHeartMedia to further leverage Jelli’s assets to continue to create for brands a digital-compatible buying platform for broadcast radio that includes targeting and creative optimization based on data and attribution tools compatible with the offerings of the major digital players.

In addition, “Expressway from Katz,” the industry’s programmatic buying ad exchange for the country’s leading radio groups, will continue to remain independently run by Katz, powered by Jelli.

“At iHeart, we believe marketing is both math and magic. The math is in our rich data and insights about users and how they relate to our partners’ products and services – and the magic is the incredible creative ideas we bring to our partners, such as our iconic music events, award shows, influencers, podcasts, social reach and our unique on air promotions. Jelli allows us to do something no other company can do – advertisers can now buy and use our broadcast assets, reach and impact just as they use the major digital players. We now offer heavy data and heavy creative innovation all in one place,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc.

Jelli also announced that it will be acquired by iHeartMedia in a merger intended to be closed before year-end. Jelli said iHeartMedia has been a strategic partner of theirs for years and a strategic investor.

“By paring iHeartMedia’s reach and multiplatform assets with our cloud-based advertising technology, we are positioned to provide a single platform for advertisers to reach all audiences, no matter where they are consuming audio,” said Michael Dougherty, co-founder and CEO of Jelli. “As audio consumption continues to explode, we are thrilled to be joining the iHeartMedia team, accelerating Jelli’s mission of transforming audio advertising through technology innovation.”

As part of the acquisition, Jelli will continue to operate as a company within iHeartMedia, Inc. led by President and CEO Michael Dougherty and his team. The Jelli division will continue to be based in Silicon Valley and will become iHeartMedia’s primary ad technology company.


iHeartMedia to Acquire Stuff Media



With over a quarter of a billion monthly listeners in the U.S., and over 131 million social followers, iHeartMedia has the largest national reach of any radio or television outlet in America. Recently, iHeartMedia announced that it has entered into an agreement to acquire Stuff Media, LLC, the leading for-profit publisher of entertainment and informative podcast content, which includes HowStuffWorks (HSW) podcasting platform.

iHeartRadio, iHeartMedia’s all-in-one digital music, podcast, on demand and streaming radio service, is already partnered with all major publishers and features more than 20,000 podcasts ranging from NPR to WNYC to ESPN and Gimlet, and the iHeartRadio Podcast Network hosts more than 750 iHeartRadio Original shows.

The acquisition will enable iHeartMedia to leverage Stuff Media’s original content, programming, and experienced podcast management team and to further expand its podcasting platform. The Wall Street Journal reported that a value for the deal of $55 million. The transaction is subject to bankruptcy court approval.

Conal Byrne will join iHeartMedia as head of its podcast division. Stuff Media’s podcasts will maintain their branding and remain headquartered in Atlanta, Georgia, with Byrne continuing as President and CEO of that studio as well. Byrne will report to Darren Davis, President of the iHeartMedia Networks Group and iHeartRadio.

Chris Peterson has been promoted to EVP of the podcasting division for iHeartMedia, and will oversee the full slate of iHeartRadio Original podcasts, as well as manage the affiliate relationships for the company, and will report to Byrne.


iHeartMedia Filed for Bankruptcy



In a press release, iHeartMedia announced that it has filed for bankruptcy. The press release said that day-to-day operations will continue as usual during the restructuring process.

On March 14, 2018, iHeartMedia announced that it reached an agreement in principle with stakeholders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support for a comprehensive balance sheet restructuring that will reduce iHeartMedia’s debt by more than $10 billion.

To implement the balance sheet restructuring contemplated by the agreement, iHeartMedia and certain of its subsidiaries, including iHeartCommunications, Inc., have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Court for the Southern District of Texas, Houston Division. Clear Channel Outdoor Holdings, Inc., and its subsidiaries did not commence Chapter 11 proceedings.

The press release says that iHeartMedia filed with the Bankruptcy Court a series of customary motions seeking to maintain business-as-usual operations and uphold its commitments to its valued employees and other stakeholders during the process. iHeartMedia believes that its cash on hand, together with cash generated from ongoing operations, will be sufficient to fund and support the business during the Chapter 11 proceedings.


Two New Hires at iHeartMedia



iheartmedia-logoEarlier this month, iHeartMedia hired two people to fill important positions at iHeartRadio. They now have a new senior VP of Marketing and a new VP of Podcasting.

Beth Murphy has been hired as Senior Vice President of Marketing.  Previously, she was the the chief marketing officer at Deezer, a Paris-based music service, from August of 2014 through February of 2016, and the CMO at Stitcher (which was acquired by Deezer in October of 2014). She managed international marketing and B2B efforts for both streaming services.

Chris Peterson has been hired as Senior Vice President of Podcasting. He will oversee iHeartRadio’s overall podcast strategy and grow its profile in the community. Chris Peterson was previously at TuneIn, which is a competitor to iHeartRadio in the radio aggregation business. He was Content Partnership Manager at TuneIn. Chris Peterson was also the Director of Operations for Glenn Beck’s The Blaze network.

 


NPR Partners with iHeartRadio for Distribution



NPR logoNPR and iHeartMedia announced an agreement that will allow NPR’s Member stations to make their live News Talk programing available via iHeartRadio. This partnership enables NPR’s Member stations to get more distribution, and adds content to iHeartRadio.

The agreement allows more than 260 NPR Member stations to have the opportunity to stream their live programing on iHeartRadio, which is available across more than 80 unique device platforms including in-home entertainment, wearables, gaming consoles, enhanced audio dashboards, and more. iHeartRadio has over a billion app downloads, more than 85 million registered users and its network reaches more than 85 million social followers.

Put that all together, and the partnership gives NPR Member stations the ability to reach millions of new listeners worldwide. Part of the agreement is that all NPR Member stations that join iHeartRadio will have access to 50% of their individual iHeartRadio landing page’s digital banner inventory to encourage listeners to donate and directly support the station’s public programing.

Public radio fans can visit iHeartRadio.com to check out all available News Talk programing. iHeartRadio offers instant access to thousands of live radio stations from across the country, custom artist stations from a catalog of more than 24 million songs and 830,000 artists, on-demand podcasts and a feature called “My Favorites Radio”, which combines all of a listener’s favorite artist and thumbed up songs in one station.