For iHeartMedia, A Friday Free-Fall on Wall Street


The nation’s No. 1 owner of broadcast radio station late Thursday released Q2 earnings that reflect strong year-over-year improvement as it continues to dig itself out of a multi-billion financial hole.

Things are progressing. The net loss narrowed year-over-year. But, perhaps the existence of any net loss worries Wall Street. Shares of¬†iHeartMedia¬†stock tumbled significantly in Friday’s trading.

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