iHeartMedia, Inc. (OTC Pink: IHRT) is engaged as a global media and entertainment company. Shares of the entertainment company are declining 23.64%, during afternoon trading on Monday, April 24, 2017. Over the past month, iHeartMedia, Inc. has seen average daily volume of 100,632 shares. However, volume of 419,135 shares or dollar volume of $880,183, has already exchanged hands on Monday.
Shares of iHeartMedia, Inc. are under pressure on Monday, after the company and its publically traded subsidiary, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), announce they will release first quarter 2017 earnings on Thursday, May 4, 2017. The earnings release will be made before the markets open and an earnings conference call will follow at 8:30 a.m. Eastern Time on May 4th. Here is the full press release detailing of the scheduled earnings release:
iHeartMedia, Inc. Press Release:
SAN ANTONIO, Texas–(BUSINESS WIRE)– iHeartMedia, Inc. (PINK:IHRT) and its publicly traded subsidiary, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), will release 2017 first quarter results, including the results of iHeartCommunications, Inc. and Clear Channel International B.V., before the market opens on Thursday, May 4, 2017 by 7:00 a.m. Eastern Time and will host a conference call to discuss results the same day at 8:30 a.m. Eastern Time.
The conference call number is 800-398-9386 (U.S. callers) and 612-332-0418 (International callers) and the access code for both is 422506. A live audio webcast of the conference call and the related earnings materials, including reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures, will be available on the investor section of the iHeartMedia, Inc. website (www.iheartmedia.com) and the Clear Channel Outdoor Holdings, Inc. website (www.clearchanneloutdoor.com).
After the live conference call, a replay will be available for a period of thirty days. The replay numbers are 800-475-6701 (U.S. callers) and 320-365-3844 (International callers) and the access code for both is 422506. An archive of the webcast will be available beginning 24 hours after the call for a period of thirty days.
About iHeartMedia, Inc. and iHeartCommunications, Inc.
iHeartMedia, Inc. (PINK: IHRT) is one of the leading global multi-platform media and entertainment companies specializing in radio, digital, outdoor, mobile, social, live events, and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers. Its iHeartMedia division has the largest reach of any radio or television outlet in America, serving over 160 local markets through 855 owned radio stations in addition to its iHeartRadio digital platform. More information is available at www.iheartmedia.com.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) is one of the world’s largest outdoor advertising companies, with over 590,000 displays in 35 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 1,000 digital billboards across 27 markets in the United States. Clear Channel Outdoor Holdings’ International segment operates in 19 countries across Asia, Australia and Europe in a wide variety of formats. More information is available at www.clearchanneloutdoor.com and www.clearchannelinternational.com.
