iHeartMedia, Inc. Reports Results for 2015 Third Quarter
Download the complete release here.
SAN ANTONIO - Nov. 5, 2015
iHeartMedia, Inc. (OTCBB:IHRT) today reported financial results for the
third quarter ended September 30, 2015.
“We continue to leverage our entire company’s expansive portfolio of
products, media platforms, content and personalities to enable
advertisers and partners to engage seamlessly with consumers around the
world,” said Bob Pittman, Chairman and Chief Executive Officer. “At
iHeartMedia, we are building on the power of sound, social and mobile to
redefine the future of consumer media and entertainment. In September,
our fifth annual iHeartRadio Music Festival generated more buzz than
ever with over 7 billion social media impressions, ahead of the Big Game
Half Time Show for the third consecutive year and ahead of the Academy
Awards. At outdoor, we continue to prove the value of outdoor to local,
national and global advertisers through our industry-leading innovation
“We succeeded this quarter in delivering revenue growth across
iHeartMedia, Americas outdoor and International outdoor,” said Rich
Bressler, President, Chief Operating Officer and Chief Financial
Officer. “We continue to strengthen our capabilities across technology
and sales, all through a lens of strong financial discipline.
Additionally, our past proactive steps in addressing our capital
structure needs and upcoming maturities enable us to focus on running
the company as efficiently as possible.”
About iHeartMedia, Inc./iHeartCommunications, Inc.
iHeartMedia, Inc (PINK: IHRT), the parent company of iHeartCommunications, Inc., is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the company’s products and services for the benefit of its consumers, communities, partners and advertisers, and its outdoor business reaches over 35 countries across five continents, connecting people to brands using innovative new technology.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) is one of the world’s largest outdoor advertising companies, with more than 650,000 displays in over 35 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 1,050 digital billboards across 29 U.S. markets. Clear Channel Outdoor Holdings’ International segment operates in 22 countries across Asia, Australia and Europe in a wide variety of formats.