iHeart Radio Revenue Up 3% in Q1

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iHeartMedia posted its first quarter financials with the SEC Wednesday. The radio division increased 3% for the first three months of the years, jumping to $765.8 million from $744.6 million in 2018. Operating income at the radio division was up 30%. iHeart is in the final stages of exiting from bankruptcy. The company has not been holding quarterly earnings calls while it works through that process. On Wednesday, The FCC approved the reorganization.

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