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.”
4. Hubbard Broadcasting (Private)
Estimated Market Capitalization: $450 million [Annual Revenue =$300M]
Hubbard Broadcasting is a TV and radio company which operates various radio stations across the country. Some notable stations include KDUS, Oldies 92.7, The New 100.3, 100.7, Federal News Network, 97.3 The Wolf (WYGY), among others.
3. National Public Radio (Private)
Estimated Market Capitalization: $463 Million [Annual Revenue=$309M]
National Public Radio, or NPR, is a privately and publicly funded non-profit media organization with over a thousand radio stations. Some famous NPR radio programs are Morning Edition, All Things Considered and Fresh Air.
2. Alpha Media (Private)
Estimated Market Capitalization: $675 Million [Annual Revenue= $450M]
Oregon-based Alpha Media operates several radio stations including country music radio station KUPL, news and talk show station KXL-FM, talk radio format station KUFO, Virginia-based WFLS-FM, among others.
1. Sirius XM Holdings Inc. (NASDAQ:SIRI)
Market Capitalization: $13.23 billion
Sirius XM Holdings Inc. (NASDAQ:SIRI) is one of the biggest satellite and online radio companies in the world with various radio channels including SiriusXM Hits, TikTok Radio, and ’90s on 9, among others. Sirius XM Holdings Inc. (NASDAQ:SIRI) in 2018 bought Pandora Media for $3.5 billion. SiriusXM has over 30 million subscribers.
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