Vantaggi
The local people are the best, great relationships willing to help each other out and not throw anyone under the bus. Miss those people every day! They get a better score for diversity but still a long way to go.
Svantaggi
Too many to mention. As someone who had been with the company decades before iheart, previous owners put iheart to shame. They care of certain talent giving them whatever they want as far as salary, push live endorsement spots at $1k ea to milk money from clients with substandard commercials. Trust me I know what I am talking about. Bob and Rich were awarded 496k shares of stock in 2020 for downsizing the company, as of June 2021 stock is worth 13.8 Million which they can cash in starting early 2022. (SEC filing) JPMC and Citi among other banks recommend the stock as a buy with no solid financial reasons. Guess which banks Iheart owes 5B to? Should be an SEC investigation, there is no separation with the banking services. Oh and bankruptcy judge allowed them to offload 10B in debt to Clear Channel outdoor (the only division that truly made money), that division has faltered ever since especially with covid. Bob has also bragged how it is an audio company and not a radio company. Well if that is true turn off the transmitters and prove it. 80%+ of revenue comes from radio, it is an old media company don't be fooled. They would be in bankruptcy in 3 months if that.