iHeartMedia Stock Drops in NASDAQ Debut

Shares of iHeartMedia, the U.S.’s biggest radio network, fell as much as 7% after they commenced trading Thursday on the NASDAQ Global Select Market. Last month, after exiting a year-long bankruptcy reorg, iHeartMedia announced it was approved for listing on NASDAQ, instead of pursuing an IPO. The company’s shares had previously been traded over-the-counter under [...

Crooked Media, the company that produces progressive political podcast “Pod Save America,” tapped Sarah Geismer, a former Netflix and Fox TV exec, as head of creative development and production. In the newly created role, Geismer will lead development for all of active and upcoming podcast, TV and film projects for Crooked Media. The L.A.-based company [...

That’s what happens when the company that’s killing radio tries to go public.

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