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IHRT - Iheartmedia, Inc.

Insider Purchase by Pittman Robert W (COB, CEO)

1 Year
After Trade
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Trade Summary

6 months ago, Pittman Robert W, serving as COB, CEO at Iheartmedia, Inc. (IHRT), purchased 117,371 shares at $2.19 per share, for a total transaction value of $256,972.00. Following this transaction, Pittman Robert W now holds 4,580,492 shares of IHRT.

This purchase represents a 3.00% increase in Pittman Robert W's stake in the company. This is considered a medium-conviction trade.

The trade was executed on Thursday, August 14, 2025 and publicly disclosed via SEC Form 4 filing on Monday, August 18, 2025, 4 days after the trade was made.

Iheartmedia, Inc. operates in the COMMUNICATION SERVICES sector, specifically within the BROADCASTING industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Pittman Robert W

COB, CEO

Robert W. Pittman (born December 28, 1953) is an American media executive best known as the co-founder and programmer who led the creation of MTV while serving as CEO of MTV Networks.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive))[[2]](https://magnoliatribune.com/2024/06/16/mississippi-legends-bob-pittman-iheart-media-ceo-and-co-founder-of-mtv/) A Mississippi native, Pittman began his career as a part-time disc jockey at a local radio station before becoming chief programmer for major stations like WNBC in New York City.[[2]](https://magnoliatribune.com/2024/06/16/mississippi-legends-bob-pittman-iheart-media-ceo-and-co-founder-of-mtv/) His early career included overseeing the growth of Nickelodeon, VH-1, and Nick at Nite, and leading MTV Networks' initial public offering and international expansion.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive)) Pittman held key roles such as president and COO of America Online (growing members from 6 million to over 30 million), CEO of Six Flags Theme Parks (revitalizing attendance from 17 to 25 million), CEO of Century 21 Real Estate, and CEO of AOL Networks and Time Warner Enterprises.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive))[[3]](https://rfkhumanrights.org/person/bob-pittman/) In 2010, Pittman joined Clear Channel (now iHeartMedia, Inc.) as Chairman of Media and Entertainment Platforms and investor, becoming CEO in 2011 and Chairman in 2013.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive))[[5]](https://www.bjtonline.com/business-jet-news/bob-pittman) He led the company's rebranding to iHeartMedia in 2014, focusing on multi-platform assets including radio, digital, podcasts, and live events like the iHeartRadio Music Festival and Awards.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive)) Under his leadership, iHeartMedia reduced debt from $16.1 billion to $5.75 billion, emerged from restructuring in 2019, and became the top audio company by reach, leading in streaming radio and podcast publishing.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive)) As Chairman and CEO of iHeartMedia, Inc. (IHRT), Pittman oversees 863 radio stations reaching 250 million monthly listeners with $3.85 billion in annual revenue.[[2]](https://magnoliatribune.com/2024/06/16/mississippi-legends-bob-pittman-iheart-media-ceo-and-co-founder-of-mtv/) He is also a founding member of Pilot Group, founder of Casa Dragones Tequila, and active philanthropist with boards including Robin Hood Foundation and Rock and Roll Hall of Fame.[[1]](https://en.wikipedia.org/wiki/Robert_Pittman_(media_executive))[[3]](https://rfkhumanrights.org/person/bob-pittman/)

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Trade Price

$2.19

Quantity

117,371

Total Value

$256,972.00

Shares Owned

4,580,492

Trade Date

Thursday, August 14, 2025

192 days ago

SEC Filing Date

Monday, August 18, 2025

Filed 4 days after trade

COMMUNICATION SERVICESBROADCASTING

About Iheartmedia, Inc.

Company Overview

No company information available
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