iHeartMedia reflects both the success and the cultural impact of the iHeartRadio business formed three years ago and the evolution of the company's major local radio station brands and franchises to include mobile, social and events. iHeartRadio has become the dominant national consumer brand among the company's assets with almost 70 percent consumer brand awareness and record-breaking digital growth, reaching 50 million registered users faster than any digital music service, and even faster than Twitter, Facebook and Pinterest. The company's 859 radio stations have led the way for the entire media business, becoming even more relevant in the lives of their listeners by expanding how they connect with listeners live and in-the-moment in mobile and across its network of social platforms.
"iHeartMedia was created by the strongest broadcast radio stations in the country, and we will continue to build this company the same way – on the country's strongest radio stations," said Pittman. "We are especially excited because our digital platform extends the reach and impact for our wildly popular on-air personalities – and it's a platform that only iHeartMedia provides."
The new company is fueled by its ability to deliver the reach and scale of broadcast media with the relevance and emotional power of real-time programming, complemented by its culture-defining live events, which have amassed 15.4 billion social impressions. These include the iHeartRadio Music Festival, the biggest live concert event in radio history; the iHeartRadio Jingle Ball Concert Tour; the iHeartRadio Ultimate Pool Party; and the iHeartRadio Music Awards, which garnered more than 65 million votes via text messaging and led the week in the Nielsen social TV ratings.