iHeartMedia
American mass media corporation / From Wikipedia, the free encyclopedia
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iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas.[2] It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in a leveraged buyout in 2008.
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Formerly |
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Company type | Public |
Nasdaq: IHRT (Class A Common Stock) | |
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Founded |
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Founders | |
Headquarters | , U.S. |
Key people | Bob Pittman (chairman and CEO) Rich Bressler (President, Chief Operating Officer and Chief Financial Officer; CEO, Multiplatform Group) Conal Byrne (CEO, Digital Audio Group) |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 9,588[2] (2021) |
Divisions | iHeartMedia (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) |
Subsidiaries |
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Website | iheartmedia |
As a result of the 2008 buyout, Clear Channel Communications, Inc. became a wholly owned subsidiary of CC Media Holdings, Inc.[3][4] On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc.[5][6]