IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Regulation FD Disclosure

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IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

iHeartCommunications, Inc., an indirect subsidiary of iHeartMedia, Inc. (the “Company”), announced today that it is currently exploring a possible private capital-raising transaction supported by the value of some or all of the 100,000,000shares of ClassB common stock of Clear Channel Outdoor Holdings, Inc. (“CCOH”) held by its wholly-owned subsidiary Broader Media, LLC and the 10,726,917shares of ClassA common stock held by its wholly-owned subsidiary CC Finco, LLC. Such transaction, if agreed upon and consummated on the terms being explored, would result in the pledge of these shares for the benefit of the investors.

There can be no assurance that any transaction will be agreed upon and consummated. Any securities offered in a transaction will be offered in reliance on exemptions from registration under the Securities Act of 1933, as amended. The information set forth in this Item 7.01 of this Current Report on Form8-K is not an offer to sell nor a solicitation of an offer to buy any securities.

The information set forth in this Item 7.01 of this Current Report on Form8-K is being furnished to Item 7.01 of Form8-K and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filings. The filing of this Item 7.01 of this Current Report on Form8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.


About IHEARTMEDIA, INC. (OTCMKTS:IHRT)

iHeartMedia, Inc. is a global media and entertainment company that specializes in broadcast and digital radio, out-of-home, mobile, and on-demand entertainment and information services for national audiences and local communities. The Company operates in three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor). Its iHM segment provides media and entertainment services through broadcast and digital delivery and also includes its national syndication business. Its Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Its other category includes its full-service media representation business, Katz Media Group, as well as other general support services. It has a Smartbike bicycle rental program that provides bicycles for rent to the general public in several municipalities.