5 Biggest Radio Companies in the US

In this article, we will take a look at the 5 biggest radio companies in the US. To see more such companies, go directly to 14 Biggest Radio Companies in the US.

5. iHeartMedia, Inc. (NASDAQ:IHRT)

Market Capitalization: $447 million

iHeartMedia, Inc. (NASDAQ:IHRT) is one of the biggest radio companies in the US, with over 800 radio stations operating in almost all major cities of the country. Some famous radio stations of iHeartMedia, Inc. (NASDAQ:IHRT) include Z100, Power105.1, WLTW-FM (106.7 FM), WBZ-AM (1030 AM),1043 MYfm, among many others.

iHeartMedia, Inc. (NASDAQ:IHRT) surpassed 150 million registered users in 2021.

Palm Harbour Capital made the following comment about IHeartMedia, Inc. (NASDAQ:IHRT) in its Q4 2022 investor letter:

“The top detractor was IHeartMedia, Inc. (NASDAQ:IHRT) (-24.3% -45 bps), the American radio and podcasting company. The company is the highest levered business in our portfolio and has suffered on fears of an advertisement slowdown. Company insiders continue to buy stock in the market and the company as of yet, has not seen the drastic slow-down the market is predicting. With long debt maturities and a growing podcasting business, as well as likely interest from a major shareholder, we think the company can survive all but the harshest of recessions. If, on the other hand, there is even a couple years of moderate growth, the company could be worth many multiples of the current share price.”