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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., 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. On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc. Wikipedia
- Aug 11: Chasing Sleep is a branded podcast for Mattress Firm (which is a US mattress firm, we add, helpfully). iHeartMedia reports data from Affinity Solutions saying that the podcast drove 4x ROI on ad spend, and customers who heard the podcast spent 45% more than customers who didn't.
- Aug 9: iHeartMedia released its Q2/23 financials. Podcast revenue was $97mn, up 12.9% y/y, or 25% q/q. Podcasting contributed a record 10.5% to the business's revenue.
- Aug 4: iHeartMedia has launched a new sports network with Michael Smith and Terrence Williams. The Inflection Network includes Comeback Stories, and more to come.
- Jul 19: iHeartMedia has extended a first-look deal with Ninth Planet Audio. Meanwhile Boston-based public radio station GBH has signed with Anonymous Content.
- Jun 20: In Cannes, iHeartMedia and Paris Hilton have announced a new podcast. The History of the World’s Greatest Nightclubs launches on Jul 13. Paris Hilton will DJ an official after party and podcast launch party aboard the iHeart Yacht tonight.
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Data credits: Google Maps, Podnews newsletter, Wikipedia