Latest news for iHeartMedia (OTC:IHRTB) Stock

iHeartMedia Inc is a United States-based diversified media and entertainment company. The company operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.

iHeartMedia Inc

Earnings

News

CTRN

Citi Trends Q3 Sales $179.07M Beat $178.48M Estimate

Biotech

Large Cap

Health Care

General

The FDA Has Granted Breakthrough Therapy Designation To Merck's Sacituzumab Tirumotecan For Advanced Or Metastatic Nonsquamous Non-small Cell Lung Cancer With Epidermal Growth Factor Receptor Mutations Whose Disease Progressed On Or After Tyrosine Kinase Inhibitor And Platinum-based Chemotherapy

Live Nation Entertainment, Inc. (NYSE:&nbsp;LYV) (the "company") today announced that it intends to offer, subject to market and other conditions, $1.0 billion in aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes").&nbsp; The company intends to use the net proceeds from the Convertible Notes offering (i) to finance the repurchase of a portion of its 2.00% convertible senior notes due 2025 (the "existing convertible notes") in one or more separate and individually negotiated transactions with a limited number of current holders of the existing convertible notes, (ii) to repay outstanding amounts under the company's existing revolving credit facility, (iii) to pay related fees and expenses and (iv) for general corporate purposes, which may include the repayment or repurchase of certain of its outstanding indebtedness.
 &nbsp;

Offerings

Live Nation Entertainment Launched $1B Convertible Senior Notes Offering Due 2030 For Debt Repayment

Contracts

SHIM

CORRECTION: Shimmick Construction Announced Monday It Has Been Awarded A $45.4M Contract To Complete Extensive Seismic Retrofitting And Improvements To The Murray Street Bridge At The Santa Cruz Small Craft Harbor

Needham analyst Quinn Bolton maintains Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) with a Buy and raises the price target from $43 to $70.

Price Target

Analyst Ratings

CRDO

Needham Maintains Buy on Credo Technology Group, Raises Price Target to $70

CLICK will collaborate with Care U Professional Nursing Service Limited, being the first non-NGOs private company to become a licensed recognized service provider under the CCSV scheme, to provide integrated Home-based service for elderly under scheme in Hong Kong&nbsp;
- The CCSV scheme is a government-sponsored program that provides community care services through a "money-following-the-user" and "affordable users pay" subsidy model.

CLIK

CLICK Expands Elderly Care Services Through Hong Kong's CCSV Scheme In Partnership With Care U

Needham analyst Quinn Bolton reiterates Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and maintains $85 price target.

Reiteration

MCHP

Needham Reiterates Buy on Microchip Technology, Maintains $85 Price Target

Norway has stopped its deep-sea mining plans due to political pressure. Environmentalists focus on Japan's aspirations as the International Seabed Authority (ISA) develops sea mining regulations.
What happened? Norwegian government conceded to demands from the Socialist Left Party in exchange for their support for the annual budget. This pause halted what would have been the country's first deep-sea mining licensing round, initially planned for 2025.
The political compromise reflects growing global opposition to deep-sea mining. Ecological risks and insufficient research into long-term consequences support the cautious approach despite the allure of critical mineral exploitation.
Activists, scientists, and fishing communities hailed the halt as a landmark victory for ocean protection. "After extensive work by environmentalists and scientists, we've secured a historic win for the oceans," <a target="_blank" href="https://www.greenpeace.org/sweden/pressmeddelanden/hav/deep-sea-mining-plans-stopped-in-norway/" rel="noreferrer noopener">stated</a> Haldis Tjeldflaat Helle from Greenpeace Nordic.
Following the announcement, Norwegian deep-sea mining startup Green Minerals lost over 30% of its market cap. Despite the setback, the company maintains optimism, projecting that licensing might resume in 2026. Meanwhile, the government continues preparatory work, including environmental impact assessments and regulatory groundwork, keeping the possibility of future mining operations open as the situation could change after the next parliamentary elections scheduled for September 2025.
Why it matters? Norway's decision aligns with international scrutiny of deep-sea mining led by the ISA. Under the leadership of Brazilian environmentalist Leticia Carvalho, appointed in July, the ISA is formulating <a target="_blank" href="https://www.benzinga.com/government/24/08/40163564/deep-sea-mining-hits-breaks-as-carvalho-takes-isa-leadership" rel="noreferrer noopener">global regulations for seabed mining</a>. Advocates argue these regulations are essential to balance the demand for critical minerals and environmental protection.
Meanwhile, Japan's <a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39508095/japan-discovers-200-million-tons-of-rare-earth-metals-near-remote-island-expects-mining-to-begin-202" rel="noreferrer noopener">discovery of manganese nodules</a>, valued at over $26 billion, shows the stakes involved – particularly for an island nation heavily relying on mineral resources imports. These nodules are rich in minerals critical for EV batteries but rest 5,700 meters below sea level.
However, research led by Travis Washburn revealed <a target="_blank" href="https://e360.yale.edu/digest/deep-sea-mining-fish-shrimp-study" rel="noreferrer noopener">alarming environmental consequences</a>: a 43% drop in fish and shrimp populations following small-scale mining tests. "The impact of deep-sea mining could be bigger than anticipated," Washburn cautioned.
If deep-sea mining proceeds, it must be under strict regulations that preserve ocean biodiversity—particularly after discovering that these minerals might play a role in oxygen production.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42278413/beyond-the-cbd-bubble-can-hemp-fiber-boost-us-manufacturing-with-eco-friendly-products" target="_blank" rel="noreferrer noopener">Beyond The CBD Bubble: Can Hemp Fiber Boost US Manufacturing With Eco-Friendly Products?</a></li>
</ul>
Photo by Sergey Novikov via Shutterstock

Government

Regulations

Eurozone

Commodities

Politics

ENOR

NORW

Politics Halt Norwegian Deep-Sea Mining, Environmentalists Look Toward Japan

Wells Fargo analyst Nathan Treybeck reinstates Integer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITGR#NYSE">ITGR</a>) with a Overweight and announces $160 price target.

Initiation

ITGR

Wells Fargo Reinstates Overweight on Integer Holdings, Announces $160 Price Target

Roth MKM analyst Craig Irwin on Monday raised Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target by 347% from $85 to $380 and upgraded the rating to a &#8220;buy&#8221; from &#8220;neutral.&#8221;
What Happened: A long-time Tesla bear, Irwin turned bullish on Tesla on Monday. 
Talking about his change in opinion in an appearance on CNBC, Irwin noted the benefits that Tesla might reap out of its CEO&#8217;s new association and support for President-elect Donald Trump.
&#8220;This quarter is probably the last quarter of relative weakness; Now he (Elon) has got a new pool of buyers. Conservatives that might not have looked at EVs quite as closely in the past that allow an acceleration of demand in the core U.S. market,&#8221; said Irwin.
&#8220;I don&#8217;t see very many negative catalysts&#8230; There are abundant positive catalysts&#8230; Bias is now to the upside, not the downside. The market cap may be huge&#8230; but they are doing big things.&#8221;
Other EV brands that relied on EV subsidies will face a &#8220;sunset&#8221; under Trump given reports that he is planning to<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42005034/elon-musk-backs-calls-for-end-to-ev-subsidies-but-former-tesla-exec-warns-of-massive-drop-in-manufacturing-investments-if-trump-follows-through"> reduce or remove EV-related subsidies</a>, he noted, in a positive push for Tesla.
Irwin is also optimistic about the contribution of the Cybercab to the Tesla stock&#8217;s value for investors. &#8220;We&#8217;re going to see incremental progress and people are going to be able to have a tangible experience, and that&#8217;s what I think drives value in the stock and drives enthusiasm to own the stock.&#8221;
Why It Matters: Tesla shares rallied following Trump&#8217;s win in the Presidential elections. 
Musk actively campaigned for Trump in the swing state of Pennsylvania and the President-elect named the billionaire to lead the Department of Government Efficiency aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies.
The newly-forged relationship has caused investors to be positive about the way forward for Tesla with hopes of easing restrictions on the development of technology aimed at vehicle autonomy and removal of EV-related subsidies that may harm rival smaller players in favor of Tesla.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="This is Tesla&#039;s last quarter of relative weakness, says Roth Capital&#039;s Craig Irwin" width="500" height="281" src="https://www.youtube.com/embed/CulW18iYS4k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Price Action: Tesla shares closed up 3.5% at $357.09 on Monday. The stock is up 44% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The Tesla stock has a consensus rating of &#8220;Buy.&#8221; The average price target of $339 based three most recent ratings from Roth MKM, Stifel, and UBS implies a 5% downside.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42259569/chinese-ev-behemoth-and-tesla-rival-byd-marks-68-growth-in-november-sales-on-rising-popularity-of-plug-in-hybrid-evs" target="_blank" rel="noreferrer noopener">Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Equities

Upgrades

Markets

Tech

TSLA

Tesla Bear Craig Irwin Turns Bullish On EV Giant, Increases Price Target By 347%: 'There Are Abundant Positive Catalysts'

Deutsche Bank analyst Lee Horowitz initiates coverage on Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Hold rating and announces Price Target of $37.

CART

Deutsche Bank Initiates Coverage On Maplebear with Hold Rating, Announces Price Target of $37

MTDR

Matador Resources Expands Credit Facility To $3.25B, San Mateo Adds Six New Lenders

HC Wainwright &amp; Co. analyst Yi Chen reiterates Ocular Therapeutix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) with a Buy and maintains $15 price target.

OCUL

HC Wainwright & Co. Reiterates Buy on Ocular Therapeutix, Maintains $15 Price Target

Wells Fargo analyst Nathan Treybeck reinstates Nevro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRO#NYSE">NVRO</a>) with a Equal-Weight and announces $5 price target.

NVRO

Wells Fargo Reinstates Equal-Weight on Nevro, Announces $5 Price Target

Management

Dow Announced That Karen Carter, Currently President Of Dow Packaging & Specialty Plastics, Has Been Appointed To The Role Of Chief Operating Officer, Effective Immediately

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintains Janux Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JANX#NASDAQ">JANX</a>) with a Buy and raises the price target from $63 to $70.

JANX

HC Wainwright & Co. Maintains Buy on Janux Therapeutics, Raises Price Target to $70

Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) priced its offering of $750&nbsp;million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.

Reported Earlier, Blackstone Prices $750M Senior Notes Offering Due 2034

Deutsche Bank analyst George Hill upgrades CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) from Hold to Buy and maintains the price target from $66 to $66.

Deutsche Bank Upgrades CVS Health to Buy, Maintains Price Target to $66

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Rallybio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLYB#NASDAQ">RLYB</a>) with a Buy and maintains $5 price target.

RLYB

HC Wainwright & Co. Reiterates Buy on Rallybio, Maintains $5 Price Target

Officer AppointmentsChristopher Moore, Chief Executive Officer and DirectorThe Company announced that Mr.&nbsp;Christopher Moore will serve as the new Chief Executive Officer and as a member of the Board of Directors of
Officer Appointments
Christopher Moore, Chief Executive Officer and Director
The Company announced that Mr.&nbsp;Christopher Moore will serve as the new Chief Executive Officer and as a member of the Board of Directors of the Company (the "Board") following the Closing. Mr.&nbsp;Moore, age 49, joins the Company from Satcom Direct, where he has served in various leadership roles since 2012, including President since 2019, Chief Operating Officer from 2017 to 2019 and Chief Commercial Officer from 2012 to 2015. Effective upon his appointment as Chief Executive Officer, Mr.&nbsp;Moore will become the Company's principal executive officer. Effective upon his appointment to the Board, Mr. Moore will serve as a Class II director of the Board, and his initial term will expire at the Company's 2027 annual meeting of stockholders. There are no relationships between the Company or its subsidiaries, on the one hand, and Mr.&nbsp;Moore, on the other hand, that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Oakleigh Thorne, Executive Chair of the Board
The Company announced that Mr.&nbsp;Oakleigh Thorne will serve as the new Executive Chair of the Board. Mr.&nbsp;Thorne, age 67, has served as the Company's Chief Executive Officer since March 2018, as a member of the Board since 2006 and as a member of the board of directors of Aircell, the Company's predecessor, from 2003 until 2007. Except as disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, there are no relationships between the Company or its subsidiaries, on the one hand, and Mr.&nbsp;Thorne, on the other hand, that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Mike Begler, Executive Vice President, Chief Operating Officer
The Company announced that Mr.&nbsp;Mike Begler will serve as the new Executive Vice President, Chief Operating Officer of the Company, effective January&nbsp;1, 2025. Mr.&nbsp;Begler, age 59, has served as Senior Vice President of Gogo Product Operations since January 2018 and as the Company's Vice President, Production Operations from February 2014 to January 2018. There are no relationships between the Company or its subsidiaries, on the one hand, and Mr.&nbsp;Begler, on the other hand, that would require disclosure pursuant to Item 404(a) of Regulation&nbsp;S-K.
Zachary Cotner, Chief Financial Officer
The Company announced that Mr.&nbsp;Zachary Cotner will serve as the new Chief Financial Officer of the Company following the Closing. Mr.&nbsp;Cotner, age 41, joins the Company from Satcom Direct, where he has served as Chief Financial Officer since November 2018. Effective upon his appointment as Chief Financial Officer, Mr.&nbsp;Cotner will become the Company's principal financial officer. There are no relationships between the Company or its subsidiaries, on the one hand, and Mr.&nbsp;Cotner, on the other hand, that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Hayden Olson, Executive Vice President, General Manager, SD Government
The Company announced that Mr.&nbsp;Hayden Olson will serve as the new Executive Vice President, General Manager, SD Government following the Closing. Mr.&nbsp;Olson, age 45, joins the Company from Satcom Government, where he has served as Senior Vice President and General Manager since June 2022 and as Vice President of Strategy and Business Operations from January 2022 to May 2022. Mr.&nbsp;Olson also founded and has served as the President of Olson Advisory Group LLC since June 2016. Previously, Mr.&nbsp;Olson served in various leadership roles at Erickson Incorporated from May 2015 to May 2021, including as Vice President and General Manager, Vice President of Administration and Director of Finance. There are no relationships between the Company or its subsidiaries, on the one hand, and Mr.&nbsp;Olson, on the other hand, that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Officer Resignations
Effective upon the Closing, Mr.&nbsp;Oakleigh Thorne resigned from his role as the Chief Executive Officer of the Company. Upon the effectiveness of his resignation as Chief Executive Officer, Mr.&nbsp;Thorne will no longer serve as the Company's principal executive officer.
Effective upon the Closing, Ms.&nbsp;Jessica Betjemann resigned from her role as the Chief Financial Officer of the Company. Upon the effectiveness of her resignation as the Chief Financial Officer, Ms.&nbsp;Betjeman will no longer serve as the Company's principal financial officer.

GOGO

Gogo Tapped Christopher Moore As CEO Taking Over From Oakleigh Thorne Who Became The Chair, Zachary Cotner Became CFO Taking Over From Jessica Betjemann

Comments

iHeartMedia

News

Latest news for iHeartMedia (OTC:IHRTB) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga