The latest research, news, and more from GeoInvesting for iHeartMedia, Inc. (IHRT) /companies/ihrt_iheartmedia__inc_/overview en-us Wed, 27 May 2026 20:37:28 GMT Wed, 27 May 2026 20:37:28 GMT 120 25505Sat, 24 Apr 2010 04:00:00 GMT<P>CC Media Holdings, Inc. was formed in May 2007 by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. for the purpose of acquiring the business of Clear Channel Communications, Inc., a Texas compan. The acquisition was completed on July 30, 2008 pursuant to the Agreement and Plan of Merger, dated November 16, 2006, as amended on April 18, 2007, May 17, 2007 and May 13, 2008. </P> <P>We have three reportable business segments: Radio Broadcasting, or Radio; Americas Outdoor Advertising, or Americas outdoor; and International Outdoor Advertising, or International outdoor. Approximately half of our revenue is generated from our Radio Broadcasting segment. The remaining half is comprised of our Americas Outdoor Advertising business segment, our International Outdoor Advertising business segment, Katz Media, a full-service media representation firm, and other support services and initiatives. </P> <P>We believe we offer advertisers a diverse platform of media assets across geographies, radio programming formats and outdoor products. We intend to continue to execute upon our long-standing radio broadcasting and outdoor advertising strategies, while closely managing expenses and focusing on achieving operating efficiencies throughout our businesses. Within each of our operating segments, we share best practices across our markets in an attempt to replicate our successes throughout the markets in which we operate. </P>/companies/ihrt_iheartmedia__inc_/overview25506Sat, 24 Apr 2010 04:00:00 GMTIn 2008 and continuing into 2009, the global economic downturn adversely affected "advertising revenues across our businesses. In the fourth quarter of 2008, we initiated an ongoing, company-wide strategic review of our costs and organizational structure to identify opportunities to maximize efficiency and realign expenses with our current and long-term business outlook. As of December 31, 2009, we had incurred a total of $260.3 million of costs in conjunction with this restructuring program. We estimate the benefit of the restructuring program was an approximate $441.3 million aggregate reduction to fixed operating and corporate expenses in 2009 and that the benefit of <SPAN style="FONT-WEIGHT: bold">these initiatives will be fully realized by 2011."</SPAN>/companies/ihrt_iheartmedia__inc_/research&item=25506