Story perspectives
iHeartMedia Extends Leadership Contracts Amid Revenue Growth
9/3/2025
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Story summary
- iHeartMedia has extended contracts for Chairman & CEO Bob Pittman and President/COO Rich Bressler until December 31, 2029.
- Contract amendments clarify retirement provisions and adjust severance terms for Bressler.
- The company reported second-quarter revenue of $937 million, reflecting a slight year-over-year increase, with digital audio growth of 13.4%.
- iHeartMedia seeks to ensure leadership continuity amid industry changes.
