iHeartMedia Mergers and Acquisitions Summary

Media Company

iHeartMedia has acquired 9 companies of its own, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

iHeartMedia’s largest acquisition to date was in 2000, when it acquired Live Nation Entertainment for $4.4B. It’s largest disclosed sale occurred in 2008, when it sold Newport Television to Providence Equity Partners for $1.0B. iHeartMedia has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include internet software and services (29%) and media (29%).

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M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6

iHeartMedia, Inc.

125 W55th St.,
New York, New York 10019
United States,
www.iheartmedia.com

iHeartMedia, Inc. is a diversified media and entertainment company with three reportable business segments, iHeartMedia, Americas outdoor advertising, and International outdoor advertising. iHeartMedia, Inc. was founded in 1972 and is based in New York.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 4 - - 2 1 - 7
vol $4.4B $55M $4.5B
Sell (0.0/yr) # 3 - - - - - 3
vol $1.4B $1.4B
  10

Most Recent M&A

Company Date Value Type
Radiojar Information Technology S.A. 2019-02-26 - Add-on Acquisition
Athens, Greece · www.radiojar.com
Jelli, Inc. 2018-11-19 - Add-on Acquisition
San Mateo, California · www.jelli.com
Stuff Media LLC 2018-09-13 55M USD Add-on Acquisition
Atlanta, Georgia · www.stuffmedia.com
Newport Television 2008-03-18 1.0B USD Divestiture
Kansas City, Missouri · www.newporttv.com
Live Nation Entertainment, Inc. 2005-12-21 - Spin Off
Beverly Hills, California · www.livenationentertainment.com
Live Nation Entertainment, Inc. 2000-03-01 4.4B USD Add-on Acquisition
Beverly Hills, California · www.livenationentertainment.com
Equipamientos Urbano 2000-02-01 - Add-on Acquisition
Las Palmas, Spain
Jacor Communications Co. 1999-05-04 - Add-on Acquisition
Covington, Kentucky
OmniAmerica, Inc. 1998-11-23 397M USD Divestiture
Cedar Crest, New Mexico
OmniAmerica, Inc. 1996-01-01 - Add-on Acquisition
Cedar Crest, New Mexico
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 2 (29%) 4.4B (99%) 2 (67%) 1.0B (72%)
Internet Software and Services 2 (29%) - - -
Communications 1 (14%) - 1 (33%) 397M (28%)
Digital Media 1 (14%) 55M (1%) - -
Marketing 1 (14%) - - -
Total 7 $4.5B 3 $1.4B

By Geo

State/Country Buy Value Sell Value
United States 5 4.5B 3 1.4B
  California 2 4.4B 1 -
  New Mexico 1 - 1 397M
  Kentucky 1 - - -
  Georgia 1 55M - -
  Missouri - - 1 1.0B
Greece 1 - - -
Spain 1 - - -
Domestic 5 (71%) 4.5B (100%) 3 (100%) 1.4B (100%)
Cross-border 2 (29%) - - -
Total 7 $4.5B 3 $1.4B

Deal Values

buy # Total
> $1B 1 $4.4B
< $100M 1 $55M
TOTAL $4.5B
Largest Live Nation Entertainment, Inc.
$4.4B (2000-03-01)
sell # Total
> $1B 1 $1.0B
$100M to $1B 1 $397M
TOTAL $1.4B
Largest Newport Television
$1.0B (2008-03-18)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
4 100%
Divested to
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%

Company Summary

SECTOR

Media

Revenue

6,326   3% 2018
6,171   2% 2017
6,274   1% 2016
6,242   2% 2015
6,319   2014
(millions of USD) Show More Show Less

Established

1972

Former Name

Clear Channel Communications, Inc.

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