iHeartMedia Inc (NAS:IHRT)
$ 1.235 -0.065 (-5%) Market Cap: 186.08 Mil Enterprise Value: 5.90 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 47/100
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iHeartMedia Inc at Bank of America Media, Communications and Entertainment Conference Transcript

Sep 13, 2023 / 01:40PM GMT
Release Date Price: $3.31 (+0.91%)
Jessica Jean Reif Ehrlich Cohen
BofA Securities, Research Division - MD in Equity Research

Good morning. So welcome to iHeartMedia, Bob Pittman and Rich Bressler, thrilled to have you guys back.

Questions & Answers

Jessica Jean Reif Ehrlich Cohen
BofA Securities, Research Division - MD in Equity Research

So let's just kind of dig in. So even if this recession that we've all been hearing about and everyone's forecasting does not materialize. Advertising has been in a recession for at least the past year, if not a little bit longer. How do you define what you're seeing in the current environment? And are you seeing signs of a turnaround?

Robert W. Pittman
iHeartMedia, Inc. - Chairman & CEO

Well, I think we called -- if you look in the last earnings call, we said we do think it's getting sequentially better through the year. I think most people who have called the recovery are -- you look at the percentage, chances of a recession have suddenly been going down instead of up. We see that same. I think we

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