IHeartMedia

iHeartMedia, Inc.

Company type	Private
Traded as	OTCQB: IHRT
Industry	Mass media
Predecessor	CC Media Holdings, Inc.
Founded	2008
Headquarters	San Antonio, Texas , United States
Key people	Bob Pittman, Chairman/CEO[1]
Products	Radio broadcasting, outdoor advertising
Revenue	US$ 6.246 billion (2012)[2]
Operating income	US$ 1.070 billion (2012)[2]
Net income	US$ -424.4 million (2012)[2]
Total assets	US$ 15.097 billion (2013) [3] US$ 16.292 billion (2012) [3]
Total equity	US$ -8.299 billion (2012)[2]
Owner	Bain Capital, LLC Thomas H. Lee Partners, LP
Number of employees	20,800 (Dec 2012)[4]
Divisions	iHeartMedia (formerly Clear Channel Media and Entertainment)
Subsidiaries	iHeartCommunications, Inc. iHeartMedia and Entertainment, Inc. iHeartMedia Capital I, LLC Clear Channel Outdoor Holdings, Inc.
Website	iheartmedia.com

iHeartMedia, Inc. (known in the past as CC Media Holdings, Inc.) is a radio organization that was established in 1972. It was then taken as a private company in 2008. It is the holding company of iHeartCommunications, Inc. (used to be known as Clear Channel Communications). It owns more than 850 AM radio and FM radio stations through the United States alone.

On September 16, 2014, CC Media Holdings changed their name to iHeartMedia, Inc., while Clear Channel Communications became iHeartCommunications, Inc.^[5][6]

1. ↑ Billboard staff (January 13, 2014). "Clear Channel's John Hogan Retires, Bob Pittman's Contract Extended". Billboard.com. Billboard. Archived from the original on August 19, 2014. Retrieved July 29, 2014. ... Bob Pittman, chairman and CEO of CC Media Holdings...
2. ↑ ^{2.0 2.1 2.2 2.3} "CC Media Holdings, Inc. Revenue, Credit Rating, and Other Financial Data". Hoovers.com. Hoovers Inc. 2013. Retrieved August 31, 2013.
3. ↑ ^{3.0 3.1} "CLEAR CHANNEL COMMUNICATIONS INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 20, 2014.
4. ↑ "Clear Channel Communications, Form 10-K, Annual Report, Filing Date Feb 19, 2013". secdatabase.com. Retrieved Mar 26, 2013. As of December 31, 2012, we had approximately 15,000 domestic employees and approximately 5,800 international employees...
5. ↑ Sisario, Ben (September 16, 2014). "Clear Channel Renames Itself iHeartMedia, in an Embrace of the Digital". NYTimes.com. The New York Times Company. Retrieved September 16, 2014. CC Media Holdings, for example, the overall corporation, will be renamed iHeartMedia Inc., and Clear Channel Communications, its major subsidiary, will become iHeartCommunications.
6. ↑ Press Release (September 16, 2014). "Clear Channel Becomes iHeartMedia". ClearChannel.com. iHeartMedia, Inc. Archived from the original on September 18, 2014. Retrieved September 16, 2014. Effective today, CC Media Holdings, Inc. (OTCCB: CCMO) will become iHeartMedia, Inc. In connection with the company's new brand, the company's ticker symbol will also change, effective September 17th. Of the company's major businesses, Clear Channel Media and Entertainment will become iHeartMedia; other company brands, including iHeartRadio, Premiere Networks, Total Traffic and Weather Network, Katz Media Group and RCS, will retain their current names.