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iHeartMedia Revenues Down 3.1%, iHM Revs Drop 1.7%
RADIO ONLINE | Wednesday, May 23, 2018 |
According to a 8k filing with the SEC, iHeartMedia -- in the midst of chapter 11 bankruptcy reorganization -- reported first quarter net revenues delcined 3.1% to $1.36 billion from $1.32 billion in 2017. Consolidated revenue was mostly driven by a 20.6% jump in International Outdoor revenue. iHM (radio) revenues dropped 1.7% to $744.5 million from $757.1 million. Consolidated operating income fell 45.4% to $62.2 million from $114 million. iHM operating income declined 16.1% to $123.8 million.
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