GettyThe broadcasting and entertainment company iHeartMedia is preparing for a return to the stock market that could allow it to exit bankruptcy. The filing did not specify how much money iHeartMedia plans to raise from the IPO. iHeartMedia claims to reach 275 million people in the U.S. each month with its broadcast radio assets— more than Google, Facebook or any other media company. It’s also known for high-profile live events like the iHeartRadio Music Awards, the iHeartRadio Music Festival and the Jingle Ball concert series. In its new SEC filing, iHeartMedia explains its strategy for increasing revenue from traditional radio advertisements and broadening listener engagement on new platforms.

Source: Forbes April 03, 2019 22:18 UTC