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6 stories mentioning IHRTUpdated 20d ago

Every FINWIRES story that references IHRT, newest first.

Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, IHeartMedia (IHRT) agreed to a consent decree with the Federal Communications Commission to settle an investigation into its compliance with federal payola rules, the agency said Thursday. IHeartMedia shares were up 1.2%.WD-40 (WDFC) shares jumped over 11%. The company upgraded its full-year outlook after opting to retain its Americas homecare and cleaning businesses and reported higher fiscal Q3 results.Netflix (NFLX) is in early talks to buy film-focused social platform Letterboxd, which has been exploring a sale, Variety reported Friday, citing an earlier Puck report. Shares were down 2.8%.Tesla's (TSLA) profit per vehicle has dropped 40% for fiscal 2025 due to a slowdown in electric vehicle demand and US tariffs, Nikkei Asia reported Friday, citing its own analysis. Tesla shares were up 0.9%.

$IHRT$NFLX$TSLA$WDFC
Sectors

Sector Update: Consumer

Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, IHeartMedia (IHRT) agreed to a consent decree with the Federal Communications Commission to settle an investigation into its compliance with federal payola rules, the agency said Thursday. IHeartMedia shares were up 1.7%.

$IHRT
Wire

Netflix, IHeartMedia Expand Video Podcast Partnership

Netflix (NFLX) and iHeartMedia (IHRT) said Monday that the next phase of their exclusive video podcast partnership includes a new collection of iHeartPodcasts launching as video shows on Netflix.The shows joining the existing lineup on Netflix include the new "Suite 305 with Lele Pons," "The Martha Stewart Podcast," and "Sibling Revelry with Kate Hudson and Oliver Hudson," according to a statement.The latest podcasts will roll out on Netflix in the coming months, with iHeartMedia retaining all audio-only rights and distribution for the shows included in the deal, the companies said.Price: $81.38, Change: $+1.04, Percent Change: +1.29%

$IHRT$NFLX
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.7%.In corporate news, SiriusXM's (SIRI) discussions over a possible acquisition of iHeartMedia (IHRT) have hit an impasse after the two sides were unable to come to terms, The New York Times Dealbook reported. iHeartMedia shares dropped 13%, and SiriusXM fell 1.7%.Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.2%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1%.International Flavors & Fragrances (IFF) shares shed 1.8% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.

$COST$GM$IFF$IHRT$SIRI
Sectors

Sector Update: Consumer

Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.9%.In corporate news, SiriusXM's (SIRI) discussions over a possible acquisition of iHeartMedia (IHRT) have hit an impasse after the two sides were unable to come to terms, The New York Times Dealbook reported. SiriusXM shares fell 1.6%, and iHeartMedia tumbled 14%.

$IHRT$SIRI
Asia Markets

Market Chatter: SiriusXM Talks Over Acquisition of iHeartMedia Hit Impasse; Shares Fall

SiriusXM's (SIRI) discussions over a possible acquisition of iHeartMedia (IHRT) have hit an impasse after the two sides were unable to come to terms, The New York Times Dealbook reported Friday, citing two people with knowledge of the discussions.Despite the stalled talks, the sources said that they could always be restarted.In April, Bloomberg reported that IHeartMedia was holding talks with SiriusXM about a possible sale.IHeartMedia and SiriusXM didn't immediately respond to requests for comment from.Shares of IHeartMedia and SiriusXM were down 11% and 2.1%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$IHRT$SIRI

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