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iHeart Announces NASDAQ Listing, Preliminary Q2 Results

Y2kTheNewOldies

Y2kTheNewOldies

Walk of Fame Participant
https://news.radio-online.com/cgi-bin/rol.exe/headline_id=b15922

Yes Iheart is returning as a public traded company since the Chapter 11 Fallout.

iHeartMedia has announced that NASDAQ Stock Market has approved the listing of the company's Class A common stock, par valued at $0.001 per share on the NASDAQ Global Select Market under the ticker symbol "IHRT." The Class A Shares are expected to begin trading on NASDAQ on July 18. In an 8K filing with the FCC, iHeartMedia revealed preliminary results of operations for the second quarter of 2019 with revenues rising 2.4% to $913 million from $892 million. Operating income (OI) fell to $180 million from $181 million, while Adjusted EBITDA grew 3.1% to $263 million from $255 million.
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