RUMOR MILL
Thursday, July 18, 2019
iHEART GOES PUBLIC
iHeartMedia went public Thursday, selling shares on the Nasdaq under the symbol IHRT. After Chairman/CEO Bob Pittman and President/COO/CFO Rich Bressler rang the opening bell, it went quickly to $16.45 a share.
iHeart emerged from restructuring on 5/1 and in June, the company decided in June to ditch plans for an IPO and go with the direct stock listing. Under the restructuring iHeart reduce its debt load to $5.75b from $16.1b.
Stock closed at $16.50 with 1.8m shares sold.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
