At 8:30am Eastern this morning, Wall Street analysts and investors heard a voice sharing operating highlights from their most recent quarter — along with how iHeartMedia learned from missteps broadcast television took some 40 years ago as cable television networks emerged, and in more recent years over-the-top viewer options such as Netflix.
It was Bob Pittman, Chairman/CEO of the nation’s No. 1 owner of radio stations. Pittman hosted iHeart’s first quarterly earnings call since its emergence from bankruptcy — a call last held in September 2017.
Much was shared regarding iHeart’s business plan in what seemed like a soliloquy from Pittman, and how the company eagerly jumped into podcasting when its radio broadcasting competitors did not. But, how did iHeart do financially in the three month ending June 30?