The company that calls itself the “leading audio company in the U.S.” has selected Music City U.S.A. — Nashville — as the location for its second digital headquarters.
The move by iHeartMedia widens its current New York-based digital team, creating new jobs in the process.
The news was first shared by Streamline Publishing’s Radio Ink on Monday morning.
“We can think of no better place than Nashville for iHeartRadio to establish its second digital headquarters,” said Bob Rolfe, Commissioner of the Tennessee Department of Economic and Community Development.
Darren Davis, iHeartRadio President, added, “As we continue to invest in our ad tech, products, research, sales and content, and further build on the success of our digital service, this is the right time to expand our digital team — and what better location than Nashville, given that music is at the heart of our business. Nashville’s technology ecosystem is thriving, and combined with the city’s rich history in music, entrepreneurial spirit and diverse culture, we believe this is the perfect location for us to extend our digital leadership and recruit highly-skilled and passionate candidates for our second iHeartRadio Digital headquarters.”
Details about the new office, which will be located in the heart of Nashville, will be announced soon.
It will open in the first quarter of 2020, and serve as a new hub for the iHeartRadio digital product team. “Additional technology advances” will be seen in conjunction with its teams in New York, San Antonio and Northern California’s Silicon Valley region.
“We are excited to expand our NYC digital team into Nashville and tap into this city’s diverse pool of high tech and creative, ambitious talent,” said Bob Pittman, iHeartMedia’s Chairman/CEO. “As the leading audio company in America, this new facility will allow us to continue to deliver the best content, cultivate even more innovation and drive further listener growth and revenue opportunities to our advertisers.”
Positions in engineering, product development, and data science are presently being filled.
As of 1:45pm Eastern, IHRT is trading at $15.44, up 5 cents from Friday.