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Iheartmedia

The meaning of «iheartmedia»

iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas.[5] It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications, Inc. began to operate as a wholly owned subsidiary of CC Media Holdings, Inc.[6][7] On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc.[8][9]

It is also the national umbrella brand for iHeartMedia's radio network, with radio stations from the United States, Canada, Mexico, Australia, and New Zealand, as well as digital specific stations available only on iHeartRadio.

iHeartMedia, Inc. specializes in radio broadcasting, podcasting, digital and live events through division iHeartMedia (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary iHeartMedia and Entertainment, Inc. (formerly Clear Channel Broadcasting, Inc.); the company owns more than 850 full-power AM and FM radio stations in the U.S., making it the country's largest owner of radio stations. The company has also been involved in internet radio and podcasting via the digital platform iHeartRadio[10][11] (from which the company derives its current name).

In the past, the company was also involved in live events and out-of-home advertising. The company spun off these businesses in 2005 and 2019 respectively, as the present-day Live Nation Entertainment[12][13] and Clear Channel Outdoor.[14]

Clear Channel Communications purchased its first FM station in San Antonio in 1972.[15] The company purchased the second "clear channel" AM station WOAI in 1975. In 1976, the company purchased its first stations outside of San Antonio. KXXO (now KAKC) and KMOD-FM in Tulsa were acquired under the name "San Antonio Broadcasting" (same as KEEZ). Stations were also added in Port Arthur, Texas (KPAC-AM-FM, now KDEI and KTJM, from Port Arthur College) and El Paso, Texas (KELP, now KQBU) from John Walton Jr. In 1992, the U.S. Congress relaxed radio ownership rules slightly, allowing the company to acquire more than 2 stations per market. By 1995, Clear Channel owned 43 radio stations and 16 television stations. When the Telecommunications Act of 1996 became law, the act deregulated media ownership, allowing a company to own more stations than previously allowed. Clear Channel went on a subsequent buying spree, purchasing more than 70 other media companies and individual stations.[citation needed]

In a few cases, following purchase of a competitor, Clear Channel was forced to divest some of its stations, as it was above the legal thresholds in some cities. In 2005, the courts ruled that Clear Channel must also divest itself of some "border blaster" radio stations in international border cities, such as the alternative rock radio station XETRA-FM ("91X") in Tijuana, Baja California/San Diego.

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