iHeartMedia, Inc. [IHRT] Filings

10-Q 1 ihrt-20220930.htm 10-Q ihrt-20220930

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022

☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO __________

Commission File Number

001-38987

IHEARTMEDIA, INC.

(Exact name of registrant as specified in its charter)


Delaware		26-0241222
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

20880 Stone Oak Parkway
San Antonio,	Texas	78258
(Address of principal executive offices)		(Zip Code)

(210) 822-2828

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock	IHRT	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class

Outstanding at October 31, 2022

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Class A Common Stock, $.001 par value

121,761,907

Class B Common Stock, $.001 par value

21,477,181

IHEARTMEDIA, INC.

INDEX


		Page No.
Part I – Financial Information
Item 1.	Financial Statements	1
	Consolidated Balance Sheets	1
	Consolidated Statements of Comprehensive Income (Loss)	2
	Consolidated Statements of Changes in Stockholders' Equity	3
	Consolidated Statements of Cash Flows	7
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	43
Item 4.	Controls and Procedures	44
Part II – Other Information
Item 1.	Legal Proceedings	45
Item 1A.	Risk Factors	45
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45

Item 3.	Defaults Upon Senior Securities	45

Item 4.	Mine Safety Disclosures	45
Item 5.	Other Information	45
Item 6.	Exhibits	45
Signatures		47

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS


(In thousands, except share and per share data)	September 30, 2022		December 31, 2021
	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	295,399	$	352,129
Accounts receivable, net of allowance of $27,405 in 2022 and $29,270 in 2021	981,144		1,030,380
Prepaid expenses	113,718		65,927

Other current assets	18,316		24,431
Total Current Assets	1,408,577		1,472,867
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net	692,321		782,093
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses and other	1,476,319		1,778,045
Other intangibles, net	1,477,342		1,666,600
Goodwill	2,313,182		2,313,581
OTHER ASSETS
Operating lease right-of-use assets	791,804		741,410
Other assets	170,154		126,713
Total Assets	$	8,329,699	$	8,881,309
CURRENT LIABILITIES
Accounts payable	$	204,916	$	206,007
Current operating lease liabilities	48,088		88,585
Accrued expenses	271,852		353,045

Accrued interest	63,458		67,983
Deferred revenue	151,065		133,123
Current portion of long-term debt	665		673
Total Current Liabilities	740,044		849,416
Long-term debt	5,553,049		5,738,195
Noncurrent operating lease liabilities	850,412		738,814
Deferred income taxes	526,928		558,222
Other long-term liabilities	66,456		80,897
Commitments and contingent liabilities (Note 6)
STOCKHOLDERS’ EQUITY
Noncontrolling interest	9,059		8,410
Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding	—		—
Class A Common Stock, par value $.001 per share, authorized 1,000,000,000 shares, issued 122,341,086 and 120,633,937 shares in 2022 and 2021, respectively	123		120
Class B Common Stock, par value $.001 per share, authorized 1,000,000,000 shares, issued 21,479,356 and 21,590,192 shares in 2022 and 2021, respectively	21		22
Special Warrants, 5,111,312 and 5,304,430 issued and outstanding in 2022 and 2021, respectively	—		—
Additional paid-in capital	2,901,625		2,876,571
Accumulated deficit	(2,307,363)		(1,962,819)
Accumulated other comprehensive loss	(1,760)		(257)
Cost of shares (593,032 in 2022 and 389,814 in 2021) held in treasury	(8,895)		(6,282)
Total Stockholders' Equity	592,810		915,765
Total Liabilities and Stockholders' Equity	$	8,329,699	$	8,881,309

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)


(In thousands, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenue	$	988,930	$	928,051	$	2,786,393	$	2,496,321
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	371,719		325,766		1,067,625		939,094
Selling, general and administrative expenses (excludes depreciation and amortization)	399,892		390,086		1,163,293		1,105,056
Depreciation and amortization	109,305		108,100		334,144		343,408
Impairment charges	309,750		11,647		311,329		49,391
Other operating expense, net	9,451		12,341		25,985		27,491
Operating income (loss)	(211,187)		80,111		(115,983)		31,881
Interest expense, net	87,890		82,481		248,603		252,489
Gain (loss) on investments, net	(3,466)		(10,367)		4,359		39,468
Equity in loss of nonconsolidated affiliates	(132)		(1,056)		(190)		(1,115)
Gain (loss) on extinguishment of debt	6,892		(7,896)		15,095		(7,896)
Other expense, net	(581)		(1,785)		(3,026)		(2,955)
Loss before income taxes	(296,364)		(23,474)		(348,348)		(193,106)
Income tax benefit (expense)	(13,412)		27,147		5,015		(77,237)
Net income (loss)	(309,776)		3,673		(343,333)		(270,343)
Less amount attributable to noncontrolling interest	587		493		1,211		486
Net income (loss) attributable to the Company	$	(310,363)	$	3,180	$	(344,544)	$	(270,829)
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(606)		(131)		(1,503)		(387)





Other comprehensive loss, net of tax	(606)		(131)		(1,503)		(387)
Comprehensive income (loss)	(310,969)		3,049		(346,047)		(271,216)
Less amount attributable to noncontrolling interest	—		—		—		—
Comprehensive income (loss) attributable to the Company	$	(310,969)	$	3,049	$	(346,047)	$	(271,216)
Net income (loss) attributable to the Company per common share:
Basic	$	(2.09)	$	0.02	$	(2.33)	$	(1.85)
Weighted average common shares outstanding - Basic	148,299		147,040		147,957		146,591
Diluted	$	(2.09)	$	0.02	$	(2.33)	$	(1.85)
Weighted average common shares outstanding - Diluted	148,299		150,397		147,957		146,591

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(UNAUDITED)


(In thousands, except share data)						Controlling Interest
	Common Shares(1)			Non- controlling Interest		Common Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Treasury Stock
	Class A Shares	Class B Shares	Special Warrants													Total
Balances at June 30, 2022	122,068,221	21,391,972	5,293,055	$	8,659	$	143	$	2,891,129	$	(1,997,000)	$	(1,154)	$	(8,356)	$	893,421
Net income (loss)				587		—		—		(310,363)		—		—		(309,776)
Vesting of restricted stock and other	178,506			—		1		59		—		—		(539)		(479)


Share-based compensation				—		—		10,437		—		—		—		10,437


Conversion of Special Warrants to Class A or Class B Shares	85,141	96,602	(181,743)	—		—		—		—		—		—		—
Conversion of Class B Shares to Class A Shares	9,218	(9,218)		—		—		—		—		—		—		—

Other				(187)		—		—		—		—		—		(187)
Other comprehensive loss				—		—		—		—		(606)		—		(606)
Balances at September 30, 2022	122,341,086	21,479,356	5,111,312	$	9,059	$	144	$	2,901,625	$	(2,307,363)	$	(1,760)	$	(8,895)	$	592,810

(1) The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2022.

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(UNAUDITED)


(In thousands, except share data)						Controlling Interest
	Common Shares(1)			Non- controlling Interest		Common Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Treasury Stock
	Class A Shares	Class B Shares	Special Warrants													Total
Balances at June 30, 2021	118,261,575	23,636,512	5,365,128	$	7,968	$	142	$	2,863,657	$	(2,077,629)	$	(62)	$	(5,231)	$	788,845
Net income				493		—		—		3,180		—		—		3,673
Vesting of restricted stock and other	216,707			—		(1)		745		—		—		(916)		(172)
Share-based compensation				—		—		5,993		—		—		—		5,993

Conversion of Special Warrants to Class A and Class B Shares	60,698		(60,698)	—		1		(1)		—		—		—		—
Conversion of Class B Shares to Class A Shares	1,130,851	(1,130,851)		—		—		—		—		—		—		—
Other				(187)		—		—		—		—		—		(187)
Other comprehensive loss				—		—		—		—		(131)		—		(131)
Balances at September 30, 2021	119,669,831	22,505,661	5,304,430	$	8,274	$	142	$	2,870,394	$	(2,074,449)	$	(193)	$	(6,147)	$	798,021

(1) The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2021.

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(UNAUDITED)


(In thousands, except share data)						Controlling Interest
	Common Shares(1)			Non- controlling Interest		Common Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Treasury Stock
	Class A Shares	Class B Shares	Special Warrants													Total
Balances at December 31, 2021	120,633,937	21,590,192	5,304,430	$	8,410	$	142	$	2,876,571	$	(1,962,819)	$	(257)	$	(6,282)	$	915,765
Net income (loss)				1,211		—		—		(344,544)		—		—		(343,333)
Vesting of restricted stock and other	1,403,195			—		2		472		—		—		(2,613)		(2,139)

Share-based compensation				—		—		24,582		—		—		—		24,582
Conversion of Special Warrants to Class A or Class B Shares	96,516	96,602	(193,118)	—		—		—		—		—		—		—
Conversion of Class B Shares to Class A Shares	207,438	(207,438)		—		—		—		—		—		—		—

Other				(562)		—		—		—		—		—		(562)
Other comprehensive loss				—		—		—		—		(1,503)		—		(1,503)
Balances at September 30, 2022	122,341,086	21,479,356	5,111,312	$	9,059	$	144	$	2,901,625	$	(2,307,363)	$	(1,760)	$	(8,895)	$	592,810

(1) The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2022 or 2021.

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(UNAUDITED)


(In thousands, except share data)						Controlling Interest
	Common Shares(1)			Non- controlling Interest		Common Stock		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Income (Loss)		Treasury Stock
	Class A Shares	Class B Shares	Special Warrants													Total
Balances at December 31, 2020	64,726,864	6,886,925	74,835,899	$	8,350	$	72	$	2,849,020	$	(1,803,620)	$	194	$	(3,199)	$	1,050,817
Net income (loss)				486		—		—		(270,829)		—		—		(270,343)
Vesting of restricted stock	1,027,252			—		—		3,863		—		—		(2,948)		915

Share-based compensation				—		—		17,581		—		—		—		17,581
Conversion of Special Warrants to Class A and Class B Shares	47,197,139	22,337,312	(69,534,451)	—		70		(70)		—		—		—		—
Conversion of Class B Shares to Class A Shares	6,718,576	(6,718,576)		—		—		—		—		—		—		—

Other			2,982	(562)		—		—		—		—		—		(562)
Other comprehensive loss				—		—		—		—		(387)		—		(387)
Balances at September 30, 2021	119,669,831	22,505,661	5,304,430	$	8,274	$	142	$	2,870,394	$	(2,074,449)	$	(193)	$	(6,147)	$	798,021

(1) The Company's Preferred Stock is not presented in the data above as there were no shares issued and outstanding in 2021 or 2020.

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


(In thousands)	Nine Months Ended September 30,
	2022		2021
Cash flows from operating activities:
Net loss	$	(343,333)	$	(270,343)
Reconciling items:
Impairment charges	311,329		49,391
Depreciation and amortization	334,144		343,408
Deferred taxes	(31,304)		64,520
Provision for doubtful accounts	10,137		2,919
Amortization of deferred financing charges and note discounts, net	4,589		4,508

Share-based compensation	24,582		17,581
Loss on disposal of operating and other assets	24,547		22,771
Gain on investments	(4,359)		(39,468)
Equity in loss of nonconsolidated affiliates	190		1,115
(Gain) loss on extinguishment of debt	(15,095)		7,896
Barter and trade income	(27,174)		(9,418)
Other reconciling items, net	1,504		764
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	38,685		(37,776)
Increase in prepaid expenses and other current assets	(47,561)		(33,486)
Increase in other long-term assets	(5,817)		(7,392)
Increase (decrease) in accounts payable	(927)		25,673
Increase (decrease) in accrued expenses	(84,308)		48,861
Increase (decrease) in accrued interest	(4,524)		1,766
Increase in deferred income	18,392		2,500
Increase in other long-term liabilities	3,002		803
Cash provided by operating activities	206,699		196,593
Cash flows from investing activities:
Business combinations	—		(245,462)
Proceeds from sale of other investments	32		50,757
Purchases of property, plant and equipment	(112,567)		(101,335)
Proceeds from disposal of assets	34,690		36,330

Change in other, net	(4,962)		(188)
Cash used for investing activities	(82,807)		(259,898)
Cash flows from financing activities:



Payments on long-term debt and credit facilities	(173,990)		(288,484)






Change in other, net	(5,667)		366
Cash used for financing activities	(179,657)		(288,118)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(965)		(244)
Net decrease in cash, cash equivalents and restricted cash	(56,730)		(351,667)
Cash, cash equivalents and restricted cash at beginning of period	352,554		721,187
Cash, cash equivalents and restricted cash at end of period	$	295,824	$	369,520
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	249,910	$	247,513
Cash paid for income taxes	12,054		7,900

See Notes to Consolidated Financial Statements

IHEARTMEDIA, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 – BASIS OF PRESENTATION

Preparation of Interim Financial Statements

All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to iHeartMedia, Inc. and its consolidated subsidiaries. The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

The Company's reportable segments are:

▪the Multiplatform Group, which includes the Company's Broadcast radio, Networks and Sponsorships and Events businesses;

▪the Digital Audio Group, which includes all of the Company's Digital businesses, including Podcasting; and

▪the Audio & Media Services Group, which includes Katz Media Group (“Katz Media”), a full-service media representation business, and RCS Sound Software ("RCS"), a provider of scheduling and broadcast software and services.

The consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling interest or is the primary beneficiary. Investments in companies which the Company does not control, but exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process.

Economic Conditions

The Company's advertising revenue is highly correlated to changes in gross domestic product (“GDP”) as advertising spending has historically trended in line with GDP. GDP decreased in the first and second quarters of 2022 and increased in the third quarter of 2022 while there was an increase in GDP in each quarter in 2021. The rise in interest rates and historically high inflation have also contributed to a more challenging macroeconomic environment. This challenging environment has led to market uncertainty which impacted 2022 Multiplatform Group revenues, particularly during the third quarter.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES Act”) was signed into law. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company was able to defer the payment of $29.3 million in certain employment taxes during 2020, half of which was due and paid on January 3, 2022 and the other half will be due on January 3, 2023. In addition, the Company claimed $12.4 million in refundable payroll tax credits related to the CARES Act provisions, of which $0.7 million was received in 2020, $3.8 million was received in 2021 and $7.9 million was received in January 2022.

As of September 30, 2022, the Company had approximately $295.4 million in cash and cash equivalents. Based on current available liquidity, the Company expects to be able to meet its obligations as they become due over the coming year.

Reclassifications

Certain prior period amounts have been reclassified to conform to the 2022 presentation.

IHEARTMEDIA, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the amounts reported in the Consolidated Statements of Cash Flows:


(In thousands)	September 30, 2022		December 31, 2021
Cash and cash equivalents	$	295,399	$	352,129
Restricted cash included in:
Other current assets	425		425

Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$	295,824	$	352,554

Certain Relationships and Related Party Transactions

From time to time, certain companies in which the Company holds minority equity interests, purchase advertising in the ordinary course. None of these ordinary course transactions have a material impact on the Company.

New Accounting Pronouncements Recently Adopted

In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of the Interbank Offered Rate Transition on Financial Reporting to provide optional relief from applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. In addition, in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) – Scope, to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The guidance is effective upon issuance and generally can be applied through December 31, 2022. The Company does not expect the adoption of this standard to materially impact the financial position, results of operations or cash flows.

New Accounting Pronouncements Not Yet Adopted

In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers which requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with Accounting Standards Codification 606. The amendments of ASU 2021-08 are effective for interim and annual periods beginning after December 15, 2022. The Company is currently evaluating the future impact of adoption of this standard.

IHEARTMEDIA, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 2 – REVENUE

Disaggregation of Revenue

The following tables show revenue streams for the three and nine months ended September 30, 2022 and 2021:


(In thousands)	Multiplatform Group		Digital Audio Group		Audio & Media Services Group		Eliminations		Consolidated
Three Months Ended September 30, 2022
Revenue from contracts with customers:
Broadcast Radio(1)	$	485,571	$	—	$	—	$	—	$	485,571
Networks(2)	127,239		—		—		—		127,239
Sponsorship and Events(3)	42,562		—		—		—		42,562
Digital, excluding Podcast(4)	—		162,700		—		(1,314)		161,386
Podcast(5)	—		91,253		—		—		91,253
Audio & Media Services(6)	—		—		77,794		(1,287)		76,507
Other(7)	4,106		—		—		(112)		3,994
Total	659,478		253,953		77,794		(2,713)		988,512
Revenue from leases(8)	418		—		—		—		418
Revenue, total	$	659,896	$	253,953	$	77,794	$	(2,713)	$	988,930

Three Months Ended September 30, 2021
Revenue from contracts with customers:
Broadcast Radio(1)	$	483,456	$	—	$	—	$	—	$	483,456
Networks(2)	127,920		—		—		—

iHeartMedia, Inc. [IHRT] Filings
iHeartMedia, Inc. [IHRTB] Filings
10-Q	[2022-11-03]
10-Q	[2022-08-04]
10-Q	[2022-05-05]
10-K	[2022-02-23]
10-Q	[2021-11-04]
10-Q	[2021-08-05]
10-Q	[2021-05-06]
10-K	[2021-02-25]
10-Q	[2020-11-09]
10-Q	[2020-08-06]
10-Q	[2020-05-07]
10-K	[2020-02-27]
10-Q	[2019-11-07]
10-Q	[2019-08-14]
10-Q	[2019-04-25]
S-1	[2019-04-03]
10-K	[2019-03-05]
10-Q	[2018-11-08]
10-Q	[2018-07-31]
10-Q	[2018-05-22]
10-K	[2018-05-03]
10-Q	[2017-11-08]
10-Q	[2017-08-03]
10-Q	[2017-05-04]
10-K	[2017-02-23]
10-Q	[2016-11-09]
10-Q	[2016-08-04]
10-Q	[2016-05-04]
10-K	[2016-02-25]
10-Q	[2015-11-05]
10-Q	[2015-07-30]
10-Q	[2015-04-30]
10-K	[2015-02-19]
10-Q	[2014-10-28]
10-Q	[2014-07-23]
10-Q	[2014-04-24]
10-K	[2014-02-20]
10-Q	[2013-11-07]
10-Q	[2013-08-01]
10-Q	[2013-05-02]
10-K	[2013-02-19]
10-Q	[2012-11-02]
10-Q	[2012-08-01]
10-Q	[2012-05-04]
10-K	[2012-02-21]

iHeartMedia, Inc. [IHRT] Filings

iHeartMedia, Inc. [IHRTB] Filings