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iHeartMedia earnings: Listening up, advertising down, digital everything is the way forward

In iHeartMedia’s Q1 earnings call, Chairmand and CEO Bob Pittman laid out his company’s revenue trendlines, a review of strategic decisions, and his views of a hopeful future. In simple coronavirus strokes: Listening is up, advertising is down, and digital initiatives are providing the best result and will propel future recovery. Continue Reading

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Clear Channel becomes iHeartMedia

In a breakthrough announcement, Clear Channel today renamed the company iHeartMedia.

“Clear Channel announced today that it has become iHeartMedia, reflecting the company’s success in becoming a one-of-a-kind multi-platform media company with unparalleled reach and impact,” according to the press release. Darren Davis, President of iHeartMedia, remarked in an email, “iHeartMedia reflects the momentum of iHeartRadio and how consumers and advertisers engage seamlessly across our diverse live media platforms — broadcast radio, digital, mobile, social, TV, outdoor and events.” Continue Reading

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Pandora’s September 2013 Audience Metrics report shows growth

This morning Pandora released its monthly Audience Metrics bulletin, showing across-the-board growth in the company’s key indicators. Pandora’s reported listening hours grew to 1.36-billion, an 18% year-over-year gain from September 2012 (1.15B). Month over month, listening time marginally improved from… Continue Reading