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IHEARTMEDIA, INC.

(IHRT)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
7.800 USD   +1.56%
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IHeartMedia : Elevates Michael Biondo to President of Business Development and Strategic Partnerships

09/15/2022 | 12:20pm EST
iHeartMedia Elevates Michael Biondo to President of Business Development and Strategic Partnerships

Biondo Brings Over 25 Years of Experience and Most Recently Served as Executive Vice President, Strategic Business Operations

New York, N.Y. - Sept. 15, 2022 - iHeartMedia today announced that Michael Biondo has been elevated to President of Business Development and Strategic Partnerships, effective immediately. He previously served as Executive Vice President, Strategic Business Operations of the iHeartMedia Networks Group and has been with iHeartMedia for almost 12 years.

As President of Business Development and Strategic Partnerships, Biondo will oversee the evolution of iHeartMedia's partnerships and deals with key companies across iHeartMedia's field of view - from tech startups to established automotive companies, from the entertainment industry to international distribution. He reports to Conal Byrne, CEO of the iHeartMedia Digital Group.

"Mike has had a long, varied career at iHeartMedia, and has gained experience and wisdom across a diverse set of priorities, vendors and partners," said Byrne. "With Mike in this new role, our company will be even better prepared to approach the market in a thoughtful, streamlined, strategic manner every day, and in every conversation."

Biondo has 25 years of experience building operational and development teams throughout his career. At iHeartMedia, Biondo has been instrumental in building international partnerships, leading expansions in Canada, Mexico, Australia, New Zealand, Italy and France. He also brokered iHeartMedia's early podcast deals, including the first BetCast with the English Premiere League and a partnership with the NBA, to name a few.

Biondo's previous stints include ESPN, AT&T and, most notably, Thumbplay, where he served as VP of Customer Operations when the company was acquired by iHeartMedia in 2011. Biondo has gone on to run a number of varied divisions at iHeartRadio and most recently served as EVP, Strategic Business Operations within iHeart's Venture and Corp Dev team.

"I am thrilled about this next chapter of my iHeart story and I'm looking forward to bringing new exciting opportunities to life here at iHeart," said Biondo.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company's live and virtual events business. It also includes Premiere Networks, the industry's largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company's fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 250 platforms and 2,000 devices; the company's digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company's Audio & Media Services reportable segment includes Katz Media Group, the nation's largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.

Disclaimer

iHeartMedia Inc. published this content on 15 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 16:19:03 UTC.


ę Publicnow 2022
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Analyst Recommendations on IHEARTMEDIA, INC.
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Financials (USD)
Sales 2022 3 895 M - -
Net income 2022 -279 M - -
Net Debt 2022 5 272 M - -
P/E ratio 2022 -4,09x
Yield 2022 -
Capitalization 1 134 M 1 134 M -
EV / Sales 2022 1,64x
EV / Sales 2023 1,61x
Nbr of Employees 9 990
Free-Float 82,3%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 7,80 $
Average target price 11,91 $
Spread / Average Target 52,6%
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Managers and Directors
Robert W. Pittman Chairman & Chief Executive Officer
Richard J. Bressler President, Chief Operating Officer, CFO & Director
Stephen F. Mills Global Chief Information Officer
James A. Rasulo Lead Independent Director
Bradley Thomas Gerstner Independent Director
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