Clear Channel on Tuesday announced it became iHeartMedia, “reflecting the company’s success in becoming a one-of-a-kind multi-platform media company with unparalleled reach and impact.” The move doesn’t affect Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), which will retain the Clear Channel brand.
“iHeartMedia reflects our commitment to being the media company that provides the most entertainment to the most engaged audiences wherever they go, with more content and more events in more places on more devices,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “Combined with Clear Channel Outdoor’s reach of over half a billion people worldwide across 30 countries and five continents, it’s clear that no other company can match our reach or broad spectrum of media platforms.”
The newly named company oversees:
- 859 radio stations in over 150 markets, with more than 245 million listeners a month — the largest reach of any radio or television outlet in America
- iHeartMedia Digital, with its more than 90 million digital monthly uniques
- Premiere Networks, which syndicates 90 radio programs and services to more than 5,500 radio affiliates
- The Total Traffic and Weather Network, reaching almost all U.S. commuters
- 20,000 live music events, all of which generate massive consumer engagement on social media platforms and the largest of which are even televised; its related companies, including Katz Media Group
- Clear Channel Outdoor, one of the world’s largest outdoor advertising companies.