iHeartMedia, Inc. announced today that media industry veteran Kareem Chin has been named Senior Vice President and Head of Investor Relations, effective today. Chin will be based in New York and will report to Rich Bressler, President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc.
In his new role, Chin will be managing iHeartMedia’s relationship with the investor community and ensuring that the company strategy is aligned with the needs of its equity holders following iHeartMedia’s listing on the NASDAQ exchange. In this role he will work closely with Bressler; Bob Pittman, Chairman and CEO of iHeartMedia, Inc.; Paul McNicol, EVP and General Counsel; and leaders of iHeartMedia’s Finance and Communications teams, and will oversee the company’s investor conferences, investor meetings and quarterly earnings releases and financial filings.
Townsquare Names Libby Nolan as Market President and Chief Revenue Officer in Quincy, Illinois and Hannibal, Missouri
Affiliate Sales Executive Neal Bird Joins Sun & Fun Media and Key Networks as Senior Account Executive
iHeartMedia Names Rahul Sabnis Chief Creative Officer & Executive Vice President for “TheStudio at iHeartMedia”
“Rahul continues to produce the impactful design and creative that defines our company’s brand identity, and has truly enriched the way our iHeart brands look, feel and perform across all of our platforms,” said Davis. “He continues to create a clear brand image for iHeart that successfully resonates with our audiences and delivers value and results for our partners.”
Under Rahul’s leadership iH
ASCAP, The American Society of Composers, Authors and Publishers, announced that its total revenues for 2018 topped $1.227 billion, an increase of 7% over 2017. Additionally, ASCAP distributions crossed the $1 billion mark for the second year in a row, with $1.109 billion in royalties paid out to its songwriter, composer and publisher members. Distributions increased by $102 million, up 10% year-over-year.
ASCAP domestic revenue from US music licensing surpassed the prior year by 7% to hit $906 million. Key licensing categories saw significant organic growth: Audio Streaming revenue was up by 25% and Audio Visual by 7% year-over-year. General and Background revenue, which encompasses more than 800,000 bars, grill
iHeartMedia, Inc. (“iHeartMedia”), America’s number one audio company, today announced that the Company has successfully completed its restructuring process.
As a result of the comprehensive balance sheet restructuring, iHeartMedia’s debt has been significantly reduced – from $16.1 billion to $5.75 billion.
In addition, in conjunction with completion of the restructuring, and in accordance with its Plan of Reorganization (the “Plan”), iHeartMedia and Clear Channel Outdoor Holdings, Inc. (“CCOH”) have fully separated, creating two independent publicly-traded companies. Clear Channel Outdoor Holdings, Inc. shares will continue to be traded on the New York Stock Exchange under the ticker symbol “CCO.”<