iHeartMedia, Inc. (IHRT) Reports Q1 Revenues Miss

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Go back to iHeartMedia, Inc. (IHRT) Reports Q1 Revenues Miss

iHeartMedia, Inc. (IHRT) Adopts Short-Term Stockholder Rights Plan

May 6, 2020 4:00 PM EDT

iHeartMedia, Inc. (NASDAQ: IHRT) (iHeartMedia or the Company) today announced that its Board of Directors (the Board) has approved the adoption of a short-term stockholder rights plan (the Rights Plan) in order to protect the best interests of all iHeartMedia stockholders during the current period of high equity-market volatility and price disruption.

The Board adopted the Rights Plan at this time due to the unprecedented impact of the COVID-19 pandemic on equity market valuations; the complex nature of the Companys capital structure; to enable all of iHeartMedias stockholders to realize the full potential... More

iHeartMedia (IHRT) PT Lowered to $8 at Morgan Stanley

May 6, 2020 8:41 AM EDT

Morgan Stanley analyst Benjamin Swinburne lowered the price target on iHeartMedia (NASDAQ: IHRT) to $8.00 (from $17.00) while maintaining a Equalweight rating.... More