Overall Expenses, Outdoor Challenges, Hit iHeart Hard In Q1

0

When it comes to iHeartMedia‘s eponymous core business unit, it was a good Q1, with revenue climbing 2.5%, to $757.2 million.


Here’s where the good news ends for iHeart.

No matter how you sugar-coat it, iHeartMedia has some major financial challenges on its hands, as its consolidated revenue dipped 2.4%, to $1.33 billion, due to declines in its Clear Channel Outdoor unit.

Perhaps most telling is its across-the-board declines in iHeart’s operating income.

Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today!)