On May 9, iHeartMedia CEO Bob Pittman and COO/CFO Rich Bressler hosted the company’s first quarter 2024 earnings call directly opposite a call hosted by Townsquare Media executives, in which they shared detailed with investors and analysts of their own Q1 2024 report. With the iHeartMedia call appearing on the calendar after Townsquare scheduled its own, there were no analysts asking Pittman or Bressler any questions.
Perhaps there was nothing to ask, in their minds, as the company’s stock finished that day’s trading with a 36% decline in value. Two weeks later, iHeartMedia’s share price has entered a new phase of concern — its trading below $1 per share.
