COVID-19 Pandemic Triggers iHeart ‘Cost Savings Initiatives’


Like most audio media companies, the novel coronavirus pandemic has given way to a weak economic environment that, after one month, shows no sign of an immediate spark.

That’s led the nation’s biggest owner of radio stations to move forward with “certain proactive initiatives” that helped its shares move ahead by 27 cents, to $7.48, on Tuesday while progressing with “cost savings initiatives” and providing a business update.

So, what did iHeartMedia do now?

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