Home Login RADIO ONLINE RSS Facebook
Advertisement

iHeartMedia Announces New Business Operating Structure


iHeartMedia
iHeartMedia

iHeartMedia has announced a new operating structure under which its Digital Audio Group business, which includes its iHeartRadio digital service as well as its podcasting business, will publicly report its financials separately from its Multiplatform Group business, which includes its broadcast radio assets. Each group will now operate as a separate reportable segment with dedicated management.

As of the fourth quarter, the iHeartMedia Digital Audio Group encompassed almost 20% of the company's consolidated revenue and 23% of its earnings, and in Q4 2020 grew revenue by 53% year-over-year and Adjusted EBITDA by 74% year-over-year. The company expects the Digital Audio Group will continue to grow as an increasing proportion of its business in the future. The company says that separate reporting of these two operating segments will provide "improved visibility into the underlying performances, results and margin profiles of these distinct audio-driven businesses."

iHeart has created a management structure for each business reportable segment. Both segments will continue to report to Bob Pittman, iHeartMedia Chairman and CEO, and Rich Bressler, iHeartMedia President, Chief Operating Officer and Chief Financial Officer.

The iHeartMedia Digital Audio Group

The iHeartMedia Digital Audio Group includes the company's podcasting business as well as the iHeartRadio digital service; the company's digital sites, newsletters, digital services and programs; and its digital advertising technology companies, including Jelli, RadioJar, Unified and Voxnest, and will also include the recently-announced Triton Digital upon completion of the acquisition. The group will be led as a team by Conal Byrne as Chief Executive Officer and Darren Davis as Chief Operating Officer, with Carter Brokaw serving as the President of Digital Revenue and Jessica Jerrick as Executive Vice President of Digital Distribution and Platform Partnerships.

The iHeartMedia Multiplatform Group

The iHeartMedia Multiplatform Group represents almost 75% of iHeartMedia's revenue. It includes the iHeartMedia Markets Group, with its 860+ radio stations in 160 markets; the company's live and virtual events business; and its National Sales organization. Plus, Premiere Networks, which includes the Total Traffic and Weather Network; and BIN: Black Information Network.

The iHeartMedia Multiplatform Group will be led by Greg Ashlock as Chief Executive Officer and Tim Castelli as Chief Revenue Officer. In addition, Julie Talbott joins this group in her role as President, Premiere Networks; Hartley Adkins will become President of the Markets Group; Jeff Howard remains President of National Sales and Tony Coles as President of BIN: Black Information Network.

"These new reportable segments will enable us to strengthen the mission and tighten the focus of both the iHeart Digital Audio Group and the iHeart Multiplatform Group, while accelerating our ability to deliver industry-leading products and services to our listeners and advertising partners across all of our platforms," said Bob Pittman.

He added, "Creating these two business reportable segments will allow us to provide the investment community with increased visibility into the financial results of each segment - enabling them to better appreciate the strong growth and success of our digital businesses, including our industry-leading podcast business, as well as the continued strength of our broadcast radio and marquee events businesses."

Advertisement

Latest Radio Stories

Connoisseur Media Promotes Leaders, Adds Bridges
Ed Oliveira and Robby Bridges
Ed Oliveira and Robby Bridges
Connoisseur Media has announced several key leadership moves across its Connecticut and Long Island markets. Ed Oliveira (pictured left) is elevated to Operations Manager, Connecticut, after more than a decade with the company. He previously served as Director of Traffic & Creative Services and More

Cumulus Unveils Audio Planning Guide for Marketers
Cumulus Media and Westwood One
Cumulus Media and Westwood One
Cumulus Media | Westwood One's Audio Active Group has released its latest Audio Planning Guide, aimed at answering key questions from marketers and agencies about audio strategy. The report draws on data from Edison Research's "Share of Ear," Nielsen's Nationwide, and Nielsen Media Impact to provide insights More

Alex Thomas Named Brand Manager for WHBY & WSCO
Alex Thomas
Alex Thomas
Woodward Community Media (WCM) has announced a leadership expansion within its Talk radio division, promoting Alex Thomas (pictured) to Brand Manager of News/Talk WHBY and Sports/Talk WSCO in Appleton, WI, and bringing Paul Johnson aboard as Assistant Brand Manager for the WCM Talk Team. Thomas, who has More
Advertisement

Radio.Cloud, YEA Media Group Grow With Partnership
RadioCloud and Yea Media Group
RadioCloud and Yea Media Group
Radio.Cloud has partnered with YEA Media Group (YMG) to deliver hyper-localized content distribution for syndicated programming. At the center of the agreement is "The Greg Beharrell Show," which will be localized and distributed to new affiliates nationwide using Radio.Cloud's Content Controller. More

Yonker Joins VuHaus Group as Sponsorship Director
Geary Yonker
Geary Yonker
VuHaus Group, the public media organization behind the nation's only national music station network, appoints Geary Yonker as its new Sponsorship Director. In this role, Yonker will lead national sales initiatives on behalf of VuHaus Group's network of station affiliates and non-commercial music stations. More

Podtrac Releases August 2025 Podcast Rankings
Podtrac
Podtrac
Podtrac has unveiled its August 2025 podcast industry rankings, highlighting gains for several long-running shows and steady dominance among major networks. Fourteen of the participating podcasts saw a rise in unique monthly audience (UMA), while six publishers saw growth in U.S. downloads. NPR's "NPR More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement