iHeartMedia, Inc.

iHeartMedia, Inc. Overview

Company Headquarters: US

Founded: 1977

Workforce: ~10,800

Company Working: iHeartMedia, Inc. is an audio media company. The Company operates through two sectors: the music collection sector and the companionship sector. The Company operates through three segments: the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The Multiplatform Group segment provides media and entertainment services through broadcast delivery and also includes the Company’s events and national syndication businesses. The Digital Audio Group segment provides media and entertainment services through digital delivery. The Audio & Media Services Group segment provides other audio and media services, including the Company’s media representation business (Katz Media) and its provider of scheduling and broadcast software (RCS). Its iHeartRadio services are available across more than 250 platforms and over 2,000 devices, including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, televisions and gaming consoles.

Strategy

The company focuses on requirements of the customers by providing products and services including delivery of informative and entertaining content through various platforms on mobile, digital, social, podcasts and live events to strengthen the customer relationship. The company also focuses on product and service development by investing in the development of new technologies.

Company Snapshot

$3,611M

Revenue

10,800

Employees

1977

Founded

US

Headquarters

SWOT Analysis

Strengths

Strong market position
Strong focus on digital media
Strong market positions
Focus on digital media
Wide Reach of Radio Broadcasting in the US

Weaknesses

Declining operational performance
Increasing Liabilities
Dependence on North America

Opportunities

Focus on strategic collaborations
Expanding base of radio listening customers

Threats

Stringent government regulations
Fluctuating currency exchange rates
Intense Competition

Key Developments

Date	Approach	Development
March 2023	Product Launch	iHeartMedia launched Outspoken, a new podcast network distributed by iHeartPodcasts that will amplify, elevate and reflect the diversity, richness and humanity of the voices throughout the LGBTQ+ community.
March 2023	Product Launch	iHeartMedia launched new music and artists recently with World Premiere debuts and more. Marshmello’s new Latin-genre collaboration with Manuel Turizo, "El Merengue," had a World Premiere debut on March 2 across all iHeartRadio Spanish-language stations.
February 2023	Product Launch	Sonoro and iHeartMedia’s My Cultura Podcast Network launched their original pop culture podcast, “Becoming an Icon.”
February 2022	Collaboration	iHeartMedia collaborated with the National Basketball Association (NBA) to unveil a new slate of team-specific shows in the iHeart/NBA Podcast Network. The lineup includes original podcasts from six NBA teams – the Boston Celtics, Brooklyn Nets, Charlotte Hornets, Cleveland Cavaliers, New Orleans Pelicans and San Antonio Spurs.
May 2021	Partnership	Catalina and iHeartMedia announced a partnership to deliver podcast measurement & sales attribution at scale for CPG Brands. Additionally, as part of this data partnership, Catalina will provide iHeartMedia with audiences and measurement services within iHeartMedia's SmartAudio platform for CPG ad campaigns that air on the latter's linear and streaming radio programming.
May 2021	Product Launch	iHeartMedia Launched New Podcast Network ‘My Cultura’ Elevating Latinx Voices and Stories. In partnership with Enrique Santos, iHeartMedia’s top-rated on-air personality and President and Chief Creative Officer of iHeartLatino, My Cultura would offer creators a platform to share stories and perspectives relevant to Latinx listeners and all audiences. The network plans to roll out six new shows at launch in Summer 2021 and 30 shows throughout its first year, across a variety of genres, including pop culture, music, comedy, mental health, finance, and news—from well-known and new voices, including Eva Longoria, Wilmer Valderrama, Rosario Dawson, the stars of Red Table Talk: The Estefans - Lili, Gloria, and Emily Estefan, Cobra Kai stars Xolo Maridueña and Jacob Bertrand, Amara La Negra, Chiquis, and Daniel Habif, among others.
September 2020	Product Launch	iHeartMedia Inc. announced the launch of iHeartSports Network that is intended to feature short-form national and regional local sports reports to listeners on formats, including rock, country, hip hop, class hits, news, talk, and sports.
September 2020	Partnership	iHeartMedia Inc. partnered with Spark Foundry and Publicis Media to launch Audio Academy, a digital interactive training platform.
September 2020	Partnership	iHeartMedia Inc. and Hillary Clinton partnered to launch 24 episode podcast: ‘You and Me Both with Hillary Clinton’ starting September 29th, hosted by Hillary Clinton.
September 2020	Partnership	iHeartMedia Inc. and HBO Max joined forces to launch “THE MURDERS AT WHITE HOUSE FARM: THE PODCAST,” intended to focus on relationships, psychological motivations, and relevant cultural events.
September 2020	Partnership	iHeartMedia Inc. and Audi of America teamed up to develop Hybrid Radio to enable Audi customers to listen without interruption even when they radio signal territories with the help of MIB 3 infotainment suite and Audi connect PRIME or PLUS subscription.

Product Offering

iHeartMedia, Inc.
- Entertainment and Media
- Global Entertainment & Media Market
Z100
106.7 Lite FM
1043 MYfm
Power 105.1
The BIG 98
KFI AM 640
ALT 98.7
WBZ NewsRadio 1030

Financial Performance

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