IHeartMedia double upgraded to buy from underperform at BofA Securities

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iHeartMedia Inc.

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Audio and Audio and Media Services. The Audio segment comprises of media and entertainment services via broadcast and digital delivery and also includes events and national syndication businesses. The Audio and Media Services segment consists of the other audio and media services, including the media representation business (Katz Media) and the provider of scheduling and broadcast software (RCS). The company was founded by L. Lowry Mays and B. J. McCombs in May 2007 and is headquartered in San Antonio, TX.

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