Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 10

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 10
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.2 million in 2023 and $1,883.3 million in 2022. Advertising rates are principally based on the length of the spot and how many people in a targeted audience listen to our stations, as measured by independent ratings services. 

Increasingly, across both national and local markets, our advertisers are demanding data-rich, analytics-driven advertising solutions. iHeartMedia is the only audio broadcast media company that offers a comprehensive suite of tech-enabled 

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advertising solutions, providing advanced attribution and analytics capabilities through our SmartAudio platform, which includes:

•Our digital-like ad-buying solution that allows clients to view the available broadcast inventory across various cohorts to address their specific needs; 

•Our application of data science to aggregate business data from broadcasts and the user insights that come from listeners using our digital platform; and 

•Our tools to present the effectiveness of clients' broadcast radio advertising campaigns by providing detailed digital dashboards on the results of the advertising spend.

These programmatic, data and analytic and attribution solutions account for an increasing proportion of ad buying and we expect that it will continue to expand in the future.

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Radio Stations

As of December 31, 2024, we owned and operated 869 radio stations, including 250 AM and 619 FM radio stations.  All of our radio stations are located in the United States. No one station is material to our overall operations. We believe that our properties are in good condition and suitable for our operations.

Radio broadcasting is subject to the jurisdiction of the Federal Communications Commission ("FCC") under the Communications Act of 1934, as amended (the “Communications Act”). As described in “Regulation of Our iHeartMedia Business” below, the FCC grants us licenses in order to operate our radio stations. The following table provides the number of owned and operated radio stations in the top 25 Nielsen-ranked markets:

Nielsen Market Rank(1)MarketNumber of Stations1New York, NY72Los Angeles, CA83Chicago, IL64Dallas-Ft. Worth, TX85San Francisco, CA76Houston-Galveston, TX77Atlanta, GA78Washington, DC69Philadelphia, PA610Boston, MA811Miami-Ft. Lauderdale-Hollywood, FL812Seattle-Tacoma, WA813Phoenix, AZ814Detroit, MI615Minneapolis-St. Paul, MN617Tampa-St. Petersburg-Clearwater, FL818San Diego, CA819Denver-Boulder, CO820Charlotte-Gast