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Share Name | Share Symbol | Market | Type |
---|---|---|---|
iHeartMedia Inc | NASDAQ:IHRT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 9.09% | 1.20 | 1.15 | 3.10 | 1.28 | 1.05 | 1.09 | 2,383,463 | 05:00:10 |
iHeartMedia, the #1 audio company in America, announced today a leadership realignment in its Markets Group, heightening the performance of its more than 160 Markets and 860+ radio stations while enhancing the company’s ability to increase its focus on new high-growth opportunities. The Markets Group, part of iHeart’s Multi Platform Group, is designed to enable each Market, regardless of size, to take advantage of iHeart’s unique scale and multiple platforms; leadership in audio; and its expertise in consumers, monetization and data. The company also announced today heightened areas of focus for additional senior leaders who will be overseeing new high-growth opportunities for iHeart.
In 2020, iHeart announced that it would group its Markets by common needs and characteristics into three different divisions – Region, Metro and Community -- to make sharing of resources and experiences easier and more targeted. The company has now named five new Division Presidents: Bernie Weiss and Paul Corvino for the Region Division, and Kristin Foley, Chris Soechtig and DJ Hodge for the Metro Division, all of whom have successfully led Markets across the country. Tom McConnell, formerly a Metro Division President, will also become a Region Division President.
In addition, Nick Gnau, formerly a Community Division President, will become a Metro Division President, and Shosh Abromovich and Dan Lankford will add Nick’s former Markets to their responsibilities as the Community Division Presidents. Amy Leimbach, who served as Senior Vice President of Sales for Austin, Dallas and San Antonio, TX, will become President of those Markets.
The company also announced changes that will enable it to increase its focus on a number of high-growth opportunities.
The new Division Presidents will report directly to Hartley Adkins, President of the iHeartMedia Markets Group, and Coles and LeGrett, as well as Adkins, will report to Rich Bressler, iHeart’s President, COO and CFO and CEO of the iHeartMedia Multi Platform Group.
The company will be making this transition over the next few weeks.
About iHeartMedia
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, reaching over 90% of Americans every month. iHeart’s broadcast radio assets alone have more consumer reach in the U.S. than any other media outlet; twice the reach of the next largest broadcast radio company; and over four times the ad-enabled reach of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined and has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit iHeartMedia.com for more company information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231204546746/en/
Wendy Goldberg wendygoldberg@iheartmedia.com
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