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Another Sizable Net Loss For iHeartMedia
['Adam Jacobson', 'Adam R Jacobson Is A Veteran Radio Industry Journalist', 'Advertising Industry Analyst With General', 'Multicultural', 'Hispanic Market Expertise. To He Served As An Editor At Radio', 'Christian G.', 'Steven Nolen']
Radio & Television Business Report
Here’s the good news when it comes to the second quarter earnings report from the nation’s leading audio content creator and distributor: revenue increased by more than $43.5 million in the three-month period ending June 30.
Here’s the not-so-pleasant news regarding iHeartMedia‘s Q2 performance: A net loss slightly lower than last year’s $83.48 million finish was logged by the company led by CEO Bob Pittman, COO Rich Bressler and CFO Mike McGuinness.