iHeartMedia, Inc. facts for kids

Kids Encyclopedia Facts
(Redirected from Clear Channel Communications)
iHeartMedia, Inc.
Type Private
Traded as OTCQB: IHRT
Industry Mass media
Predecessor(s) CC Media Holdings, Inc.
When it was created 2008
Headquarters San Antonio, Texas, United States
Key people Bob Pittman, Chairman/CEO
Things made Radio broadcasting, outdoor advertising
Money earned Increase US$ 6.246 billion (2012)
Operating income Increase US$ 1.070 billion (2012)
Net income Decrease US$ -424.4 million (2012)
Total assets
  • Decrease US$ 15.097¬†billion (2013)
  • Decrease US$ 16.292¬†billion (2012)
Total equity Decrease US$ -8.299 billion (2012)
Owner(s) Bain Capital, LLC
Thomas H. Lee Partners, LP
Employees 20,800 (Dec 2012)
Divisions iHeartMedia
(formerly Clear Channel Media and Entertainment)
Subsidiaries iHeartCommunications, Inc.
iHeartMedia and Entertainment, Inc.
iHeartMedia Capital I, LLC
Clear Channel Outdoor Holdings, Inc.
Website iheartmedia.com

iHeartMedia, Inc. (known in the past as CC Media Holdings, Inc.) is a radio organization that was established in 1972. It was then taken as a private company in 2008. It is the holding company of iHeartCommunications, Inc. (used to be known as Clear Channel Communications). It owns more than 850 AM radio and FM radio stations through the United States alone.

On September 16, 2014, CC Media Holdings changed their name to iHeartMedia, Inc., while Clear Channel Communications became iHeartCommunications, Inc.

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