iHeartMedia

iHeartMedia, Inc. is an American mass media company based in San Antonio, Texas. It operates the largest portfolio of radio stations in the United States, owning or operating more than 850 stations in over 150 markets. The company also runs the iHeartRadio digital platform, which streams live radio, offers on-demand music, podcasts, and exclusive content, and hosts a range of events and branded experiences. In addition to broadcasting, iHeartMedia operates Premiere Networks, a national radio network that syndicates programs to affiliated stations and channels.

History and corporate development

iHeartMedia traces its origins to Clear Channel Communications, founded in 1972 by Lowry Mays and Red McCombs. Through rapid expansion and numerous acquisitions, the company grew to become the dominant owner of U.S. radio stations. In 2014, the firm adopted the iHeartMedia name to align with its digital platform, iHeartRadio, which had been launched in the late 2000s. The company encountered substantial debt linked to its leveraged growth and filed for Chapter 11 bankruptcy protection in 2018. After a restructuring process, it emerged from bankruptcy in 2021 and continued operating under the iHeartMedia banner.

Operations and market position

iHeartMedia’s business combines traditional terrestrial radio with digital streaming, podcasting, and live events. The iHeartRadio service reinforces cross-platform advertising opportunities for national and local clients, while Premiere Networks distributes popular syndicated programs to a wide network of stations. The company also produces large-scale events such as music festivals and award shows, which contribute to its brand presence and advertising ecosystem.

Overall, iHeartMedia remains a major player in American audio media, navigating competition from on-demand streaming and podcast platforms while leveraging its broad station portfolio and digital reach.