Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 10

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 10
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 vast majority of debt maturities by three years and reducing our total debt balance.

• Completed modernization cost reduction program expected to generate $200 million of annual cost savings in 2025; offset by $50 million of anticipated cost increases for 2025, for an expected net cost reduction of $150 million.

1 See "Supplemental Disclosure Regarding Non-GAAP Financial Information" in Annex A.

2 Total available liquidity is defined as cash and cash equivalents of $260 million plus available borrowings under our ABL Facility of $426 million. We use total available liquidity to evaluate our capacity to access cash to meet obligations and fund operations.

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#### 2024 Operational Highlights
The Company continued to execute on its strategy to transform and modernize its operations. Further, the Company continued to expand its industry leading position in content and distribution across broadcast radio, streaming digital radio, podcasts, social, live events and influencers and personalities, as well as a best-in-class total audio advertising technology and data solution for all forms of audio. The Company made important progress on its strategic goals, including as follows:

• iHeartMedia is the number one audio media company in the United States based on the consumer reach of its broadcast assets alone reaching 90% of Americans every month.

• According to Nielsen, we have the most number one ranked station groups across the top 160 markets in the U.S., and across the largest 50 markets, with 68 and 24 number one station groups in these markets, respectively.

• Our iHeartRadio digital platform is the number one streaming broadcast radio platform—with nearly five times the digital listening hours of the next largest commercial broadcast radio company, as measured by our subsidiary Triton.

• According to Podtrac, we are the number one podcast publisher in the United States with more monthly downloads than the next nine largest podcast publishers combined and have the most shows featured in the Top 10 and across 19 categories.

• iHeartMedia is also the number one sales network in podcasting, with approximately three times the downloads and monthly audience of the next largest U.S. sales network, according to Podtrac.

• We are the only company with a total audio advertising technology and data solution, providing both supply-side and demand-side services for all forms of audio — on-demand, broadcast radio, digital streaming radio, and podcasting.

• Our personalities, stations and brands have a social footprint that includes over 335 million fans and followers, as measured by ListenFirst, which