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iHeartMedia operates as America's largest audio company, owning and programming thousands of radio stations nationwide while streaming live radio and personalized digital stations via the iHeartRadio platform, based in San Antonio, Texas. The company delivers live content and entertainment across broadcast, digital, and podcast formats, reaching a vast audience and generating revenue primarily through advertising sales. Historically, it employed over 20,000 people and was valued at $24 billion, including debt, in a 2006 take-private deal that involved investors such as Bain Capital and Thomas H. Lee Partners. Under the leadership of Chairman and CEO Bob Pittman, iHeartMedia emerged from Chapter 11 bankruptcy in May 2019 and expanded its podcast network by acquiring Stuff Media for $55 million in 2018. The organization was established in 1972 by co-founders Lowry Mays and Red McCombs.
Key people at iHeartMedia.
iHeartMedia was founded in 1972 by Rad Weaver (Co-Founder).
iHeartMedia was founded in 1972 by Rad Weaver (Co-Founder).
Key people at iHeartMedia.
iHeartMedia has 4 tracked investments across 4 companies. The latest tracked deal is $2.0M Seed in AUTIO in March 2023.
