iHeartMedia Files 8-K for Regulation FD Disclosure, Confirms Nasdaq Listing

TL;DR

**iHeartMedia filed a routine 8-K for Regulation FD, confirming its Nasdaq listing.**

AI Summary

iHeartMedia, Inc. filed an 8-K on February 12, 2024, primarily for Regulation FD Disclosure, indicating they are making information public that was previously non-public. This filing confirms their Class A Common Stock, with a par value of $0.001 per share, is registered for trading on the Nasdaq Global Select exchange under the symbol IHRT. For investors, this filing is a routine disclosure, confirming their stock's listing and ensuring all material information is equally available, which is crucial for maintaining market transparency and fair trading.

Why It Matters

This filing ensures that iHeartMedia, Inc. is transparent with its investors by publicly disclosing information, which helps maintain fair and informed trading of its Class A Common Stock on the Nasdaq Global Select exchange.

Risk Assessment

Risk Level: low — This 8-K is a standard disclosure for Regulation FD and does not contain any new material information that would significantly alter the company's risk profile.

Analyst Insight

A smart investor would recognize this as a routine compliance filing, not containing new material financial or operational information. It confirms the stock's listing details and adherence to disclosure rules, so no immediate action is warranted based solely on this 8-K.

Key Numbers

• $0.001 — Par value per share (This is the stated par value for iHeartMedia's Class A Common Stock.)

Key Players & Entities

• iHeartMedia, Inc. (company) — the registrant filing the 8-K
• Nasdaq Global Select (company) — the exchange where iHeartMedia's Class A Common Stock is registered
• IHRT (company) — the trading symbol for iHeartMedia's Class A Common Stock
• $0.001 (dollar_amount) — the par value per share of iHeartMedia's Class A Common Stock
• February 12, 2024 (date) — the date of the earliest event reported in the 8-K

FAQ

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 per share IHRT Nasdaq Global Select Mar
• $101.4 million — has closed and the Company has received $101.4 million of proceeds related to its equity inter

Filing Documents

• ihm-20240212.htm (8-K) — 26KB
• 0001400891-24-000003.txt ( ) — 148KB
• ihm-20240212.xsd (EX-101.SCH) — 2KB
• ihm-20240212_lab.xml (EX-101.LAB) — 23KB
• ihm-20240212_pre.xml (EX-101.PRE) — 12KB
• ihm-20240212_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On February 12, 2024, iHeartMedia, Inc. (the "Company") announced that the previously announced acquisition of Broadcast Music, Inc. ("BMI") to a shareholder group led by New Mountain Capital, LLC has closed and the Company has received $101.4 million of proceeds related to its equity interest in BMI. The Company plans to use the proceeds for general corporate purposes, which may include the repayment of debt. The information in this Current Report on Form 8-K is being furnished under Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect the Company's anticipated used of the proceeds from the sale of BMI. Such statements are subject to various risks and uncertainties. Factors that could cause actual results to differ include but are not limited to the risk factors detailed from time to time in the Company's quarterly reports on Form 10-Q and most recent annual report on Form 10-K filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this Current Report on Form 8-K. The Company assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this Current Report on Form 8-K.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IHEARTMEDIA, INC. Date: February 12, 2024 By: /s/ Jordan R Fasbender Name: Jordan R. Fasbender Title: Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR