iHeartMedia: Thesis Intact

Friday, 2 June 2023, 19:38:56
iHeartMedia reported a weak Q1 2023, but the key adjusted EBITDA number beat guidance. Click for more on IHRT stock prospects.
— Seeking Alpha

IONQ, BIG and MBOT among mid-day movers

Friday, 2 June 2023, 19:27:06
Gainers: LAVA Therapeutics N.V. LVTX +79%.U Power Limited (UCAR) +34%.Samsara IOT +30%.MongoDB MDB +27%.Digital Ally DGLY +26%.iHeartMedia (IHRT) +24%.The Chemours Company…
— Seeking Alpha

iHeartMedia: A Hold For Now, Even Though Management Sounded Optimistic

Friday, 2 June 2023, 13:23:59
iHeartMedia”s Q1 results show a decline in revenues, EBITDA and FCF – causing concerns about the company”s ability to handle its debt load. Read more here.
— Seeking Alpha

iHeartMedia tells employees to steer clear of ChatGPT

Thursday, 1 June 2023, 23:20:17
Illustration by Alex Castro / The Verge This story first appeared in Hot Pod Insider, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more. iHeartMedia is joining companies like Apple, Spotify, and Verizon in restricting employee use of OpenAI’s ChatGPT — as well as banning the use of the AI model on company devices. According to an internal memo obtained by Hot Pod , iHeartMedia CEO Bob Pittman and CFO Rich Bressler sent an email yesterday to company employees instructing them not to use ChatGPT in order to prevent data leaks of iHeartMedia’s proprietary information. The news was first reported by RBR . The leaders wrote that “as tempting as it is,” iHeartMedia employees were not to use ChatGPT or similar AI tools on company devices or to do… Continue reading…
— The Verge

iHeartMedia CEO Bob Pittman sings radio’s praises

Thursday, 1 June 2023, 22:49:21
“We’re not competitive with the music services – we’re synergistic. The consumer uses us both,” says the iHeartMedia CEO.
— New York Post