iHeartMedia Inc (NAS:IHRT)
$ 2.335 -0.135 (-5.47%) Market Cap: 329.94 Mil Enterprise Value: 5.93 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 59/100
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iHeartMedia Inc at Bank of America Merrill Lynch Media, Communications and Entertainment Virtual Conference Transcript

Sep 10, 2020 / 03:40PM GMT
Release Date Price: $9.18 (-0.65%)
Jessica Jean Reif Ehrlich
BofA Merrill Lynch, Research Division - MD in Equity Research

Hello. Good morning. Thank you for joining us again. We're thrilled to be here with iHeart management. We are joined by Bob Pittman, CEO of iHeartMedia; and Rich Bressler, COO and CFO. Good morning, Bob and Rich.

Robert W. Pittman
iHeartMedia, Inc. - Chairman & CEO

How are you?

Questions & Answers

Jessica Jean Reif Ehrlich
BofA Merrill Lynch, Research Division - MD in Equity Research

Great. So after doing a direct listing on the NASDAQ in July of last year, the business was actually on a healthy pace to generate substantial EBITDA and free cash flow. Then as we all know, in mid-March, we were hit by COVID, which meaningfully impacted the U.S. economy. So -- whereas trends were improving significantly pre-COVID. We've all kind of had to pull back. How are you thinking about the long-term trajectory of iHeart from here? Is it any different than -- was it any different than pre-COVID? And what do you think -- I just

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