iHeart Reports Q3 Revenue Increase

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While the company is in bankruptcy there are no earnings calls, however, in an SEC filing iHeart reported total revenue of $1.58 million in the third quarter up from $1.53 in the third quarter of 2017. The radio division increased from $859 million to $873 million for the quarter. For the first nine months of the year the radio division is down 1.2% while total revenue is down 2.2%. iHeart is expected to emerge from bankruptcy before the end of the year.

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