Here's A Quarter, Call Someone Who Shares: iHeartMedia, Inc.'s consolidated net loss for Q2 2015 was $412 million compared with $304 million over the same period last year. Revenues for the quarter were up 2% from 2014 to $1.7 billion. iHeartMedia revenues increased 4%, driven primarily by the company's local and national broadcast ad revenue, traffic and weather businesses, syndication businesses and events. The company's total debt is $20.4 billion. See the entire report here.
Cumulus reported Q2 net revenues of $299 million, a decrease of 9% or $29 million from the same period last year. Broadcast advertising was $276 million, digital advertising was $10 million, political advertising was $1 million and license and other fees were $12 million. Cumulus' total debt is $2.5 billion. See the entire report here.