Browsing: iHeartMedia

Why iHeartMedia (IHRT) Shares Are Sliding Today

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Shares of global media and entertainment company iHeartMedia (NASDAQ:IHRT) fell 24.4% in the afternoon session after the company reported mixed second-quarter results, missing earnings expectations while narrowly beating on revenue. The company posted a GAAP loss of $0.52 per share, which was significantly worse than the consensus estimate of a $0.33 loss. While revenue for…