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iHeartMedia, Inc. facts for kids(Redirected from Clear Channel Communications)
|Traded as||OTCQB: IHRT|
|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||US$ 6.246 billion (2012)|
|Operating income||US$ 1.070 billion (2012)|
|Net income||US$ -424.4 million (2012)|
|Total equity||US$ -8.299 billion (2012)|
|Owner(s)||Bain Capital, LLC
Thomas H. Lee Partners, LP
|Employees||20,800 (Dec 2012)|
(formerly Clear Channel Media and Entertainment)
iHeartMedia and Entertainment, Inc.
iHeartMedia Capital I, LLC
Clear Channel Outdoor Holdings, Inc.
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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