Corporate

New York, NY – May 21, 2019 – iHeartMedia, Inc. announced today that media industry veteran Kareem Chin has been named Senior Vice President and Head of Investor Relations, effective today. Chin will be based in New York and will report to Rich Bressler, President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc.

 

In his new role, Chin will be managing iHeartMedia’s relationship with the investor community and ensuring that the company strategy is aligned with the needs of its equity holders following iHeartMedia’s listing on the NASDAQ exchange. In this role he will work closely with Bressler; Bob Pittman, Chairman and CEO of iHeartMedia, Inc.; Paul McNicol, EVP and General Counsel; and leaders of iHeartMedia’s Finance and Communications teams, and will oversee the company’s investor conferences, investor meetings and quarterly earnings releases and financial filings.

 

“We’re extremely pleased to have someone with Kareem’s extensive financial background and industry knowledge to help reintroduce the equity world to iHeartMedia and tell the story of iHeart’s leadership in audio as we prepare to list on the NASDAQ exchange,” said Bressler. “Kareem is both well-known and well respected in the investment and media communities, which makes him the perfect person to work with both our new shareholders and the equity analysts who will now cover us.”

 

“This is an extremely exciting time for iHeartMedia and for the financial community overall,” said Chin. “The company continues to cement its position as the leading multiplatform audio company and I’m excited to be able to share the details of the company’s financial evolution and growth with investors, analysts and shareholders.”

 

Prior to joining iHeartMedia, Chin spent three years as Vice President of Investor Relations for Viacom, where he played an integral role in all of the company’s investor relations efforts, including the communication of the company’s strategies and quarterly results as well as the coordination of corporate access, investor conferences and non-deal roadshows. He previously spent over a decade in investment banking, including serving as Senior Vice President of Investment Banking – Media & Telecommunications Group at Jefferies and as Vice President of Investment Banking – Mergers and Acquisitions at Deutsche Bank Securities, Inc.  Chin is a graduate of the Columbia Graduate School of Business, where he received his MBA in Finance & Economics, and the State University of New York at Albany, where he received a B.S. in Finance.

 

iHeartMedia Successfully Completes Restructuring Process

America’s Number One Audio Company Formally Concludes Comprehensive Balance Sheet Restructuring, Significantly Reducing Debt from $16.1 billion to $5.75 billion

Completes Separation of Clear Channel Outdoor Holdings, Inc., Creating Two Independent Publicly-Traded Companies

NEW YORK – May 1, 2019 – iHeartMedia, Inc. (“iHeartMedia”), America’s number one audio company, today announced that the Company has successfully completed its restructuring process.

As a result of the comprehensive balance sheet restructuring, iHeartMedia’s debt has been significantly reduced – from $16.1 billion to $5.75 billion.

In addition, in conjunction with completion of the restructuring, and in accordance with its Plan of Reorganization (the “Plan”), iHeartMedia and Clear Channel Outdoor Holdings, Inc. (“CCOH”) have fully separated, creating two independent publicly-traded companies. Clear Channel Outdoor Holdings, Inc. shares will continue to be traded on the New York Stock Exchange under the ticker symbol “CCO.”

“We are pleased that iHeartMedia now has a capital structure that matches our exciting operating business. The focused dedication of our employees and the unwavering support of our new owners and advertising partners enabled iHeartMedia to seamlessly complete the restructuring process and reach this final milestone,” said Bob Pittman, Chairman and Chief Executive Officer of iHeartMedia, Inc. “iHeartMedia enters this next phase of growth as a multi-platform audio company with a vastly improved financial profile. We are well-positioned to continue to innovate and offer cutting-edge technologies, products and services to our audiences and advertisers.”

Pittman continued: “As the only major multi-platform audio company, iHeartMedia’s reach extends across more than 250 platforms and 2,000 different connected devices, from smart speakers to tablets, wearables, gaming consoles and much more. Over the past year, we have further cemented our position as the number one commercial podcaster globally – by a strong margin – through building new capabilities and content, including the ‘Ron Burgundy Podcast,’ season two of the true crime podcast ‘Atlanta Monster’ and many more, including ‘Stuff You Should Know,’ the first podcast ever to surpass one billion downloads. We continued to invest in key areas of the business with the acquisitions of Stuff Media, LLC – which further solidified our leading podcasting position – as well as technology companies like Jelli, Inc., which is the advertising technology platform that brings to life our SmartAudio data and analytics offerings. We continue to technologically transform our offerings for both consumers, with whom we are interacting more broadly across platforms, and advertisers, to whom we are offering data and analytics solutions previously available only from key digital players. In addition, we have continued to host our renowned and highly-anticipated live events, from the iHeartRadio Music Awards to iHeartRadio ALTer Ego. This is a very exciting time for audio, and iHeartMedia will continue to break new ground and unlock new opportunities across all platforms to reach audiences everywhere.”

As previously announced, pursuant to the Plan, Bob Pittman continues to serve as Chairman and Chief Executive Officer of iHeartMedia, Inc., and Rich Bressler continues to serve as President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc. In addition, a new Board of Directors has been appointed, including Bob Pittman, Rich Bressler, and the following members: Jay Rasulo, Gary Barber, Brad Gerstner, Sean Mahoney and Kamakshi Sivaramakrishnan. Upon iHeartMedia’s emergence, the new Board of Directors has assumed its responsibilities.

Kirkland & Ellis LLP served as legal counsel to iHeartMedia, Moelis & Company served as the Company’s investment banker, and Alvarez & Marsal served as the Company’s financial advisor.

About iHeartMedia, Inc.

iHeartMedia, Inc. is the number one audio company in America. The company’s leadership position in audio extends across multiple platforms including 848 live broadcast stations; its iHeartRadio service available across more than 250 platforms and 2,000 devices including smart speakers, smartphones, TVs and gaming consoles; through its influencers; social; live events; podcasting; and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the company’s products and services for the benefit of its consumers, communities, partners and advertisers.

Forward-Looking Statements

This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,” “estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements.

William Eccleshare to Become Chief Executive Officer of the New Standalone CCOH

San Antonio, TX, [December 21, 2018] – iHeartMedia, Inc. (PINK: IHRTQ) (“iHeartMedia”) and Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (“CCOH”) announced that they have reached an agreement on the material terms to fully separate CCOH’s business from iHeartMedia, which currently owns 89.1% of CCOH’s outstanding common stock.

The separation is expected to occur in conjunction with, and is subject to, iHeartMedia’s emergence from its ongoing restructuring process.  The material terms of the separation are outlined in CCOH’s Form 8-K, which was filed with the Securities and Exchange Commission on Monday, December 17, 2018.

Effective upon iHeartMedia’s emergence, William Eccleshare will become Chief Executive Officer of CCOH. Mr. Eccleshare, who currently serves as Chairman and CEO of Clear Channel International (CCI), has deep experience in creating value for advertisers across the out-of-home industry. He joined CCI in 2009 and went on to lead Clear Channel Outdoor, including full operational responsibility for CCI and Clear Channel Outdoor Americas (CCOA), before assuming his current role, in which he is responsible for overseeing CCI’s business operations in 22 countries across Asia, Europe and Latin America. Mr. Eccleshare will be based in London and will also continue to lead CCI as part of his new role.

Scott Wells will continue to lead CCOA as CEO, driving innovation and a customer-centric focus at the business. He will report to Mr. Eccleshare.

Until the company exits the restructuring process, Bob Pittman and Rich Bressler will continue their current leadership roles for CCOH, with Mr. Pittman as CEO and Mr. Bressler as President and Chief Financial Officer.

Mr. Eccleshare will also be a member of the new Board of Directors of CCOH, which will be announced prior to the separation.

“Today’s announcement is recognition that while iHeartMedia and CCOH are both very strong in their respective areas – iHeartMedia is America’s number one audio company and CCOH is one of the world’s largest outdoor advertising companies – their key constituencies have little strategic overlap. We believe that the separation of the two businesses makes strategic and financial sense, and will allow each company to better achieve their individual missions,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. and current CEO of Clear Channel Outdoor Holdings, Inc. “Although both businesses are powerful advertising platforms, they each have valuable but different touch points within the advertising community and pursuing separate, highly-targeted strategies will unlock their full potential as freestanding companies.”

“William Eccleshare has a long, successful track record at CCOH, and throughout his career in the advertising industry, and has played an instrumental role in driving growth across CCOH’s business, especially in digital,” said Mr. Pittman. “Scott Wells will continue his successful leadership of CCOA, fostering deep relationships with advertising partners and growing the company’s offerings in exciting areas such as programmatic. With these strong leaders and CCOH’s creative, innovative and dedicated team, the future standalone company will be very well positioned for future growth and success.”

CCOH’s current leadership and Board of Directors will remain in place until iHeartMedia exits its restructuring process, at which time the new executives and Board will assume their responsibilities.

 

 

New Board’s Range of Highly Relevant Knowledge and Experience Will Be Critical In Ensuring Company’s Future Success

New York, NY and San Antonio, TX – November 6, 2018 – iHeartMedia, the leading audio company in America which has a greater reach in the U.S. than any other media outlet, announced today the members selected to serve on its Board of Directors upon its emergence from Chapter 11.

Subject to confirmation of the Company’s Plan of Reorganization, the post-emergence Board will consist of the following Directors, all of whom possess highly relevant knowledge and experience critical to positioning the company for future success:

• Bob Pittman, Chairman of the Board of Directors:  Mr. Pittman is the current CEO and Board Chairman of iHeartMedia. Mr. Pittman was formerly COO of AOL Time Warner, Inc. after serving as President and COO of America Online, Inc. Mr. Pittman also served as the CEO of MTV Networks and was the cofounder and programmer who led the team that created MTV.

 

• Jay Rasulo: Mr. Rasulo was formerly an executive at Walt Disney Company from 1986 through 2015, having spent his last five years at Disney as the CFO and Senior Executive Vice President. During his tenure at Walt Disney, among other roles, he served as the Chairman of Walt Disney Parks & Resorts. Mr. Rasulo is a graduate of Columbia University and received his MA & MBA from the University of Chicago.

 

•  Gary Barber:  Mr. Barber served as the Chairman and CEO of Metro-Goldwyn-Mayer Inc. (MGM) from 2010 through March 2018. Prior to his role at MGM, he was the co-founder of Spyglass Entertainment, which he founded in 1998. Mr. Barber received his undergraduate and post graduate degrees from the University of Witwatersrand in South Africa.

 

• Rich Bressler:  Mr. Bressler is the current President, COO and CFO of iHeartMedia. Before joining iHeart, Mr. Bressler was a Managing Director at THL. Prior to joining THL, Mr. Bressler’s experience included serving as Senior Executive Vice President and CFO of Viacom, Inc., as Chairman and CEO of Time Warner Digital Media, and as Executive Vice President and CFO of Time Warner Inc.

 

•  Brad Gerstner:  Mr. Gerstner is the Founder and CEO of Altimeter Capital, an internet, software, and travel focused investment firm founded in 2008. Prior to launching Altimeter, Mr. Gerstner was the Co- founder of three internet search start-ups. Mr. Gerstner received his MBA from Harvard Business School.

 

• Sean Mahoney:  Mr. Mahoney is a private investor. He currently serves as a director at two public companies, Aptiv plc and Arconic Inc., and at post-bankruptcy Lehman Brothers Holdings Inc. His prior board service includes Delphi Automotive plc and Formula One Holdings. Mr. Mahoney was a partner at Goldman, Sachs & Co., where he headed the Financial Sponsors Group, and Vice Chairman, Global Banking, at Deutsche Bank Securities. Mr. Mahoney is a graduate of the University of Chicago and Oxford University (which he attended on a Rhodes Scholarship).

 

• Kamakshi Sivaramakrishnan:  Ms. Sivaramakrishnan is the founder and CEO of Drawbridge, a company focused on designing quantitative algorithms for numerous areas, including computational advertising. Prior to founding Drawbridge, Ms. Sivaramakrishnan was a Senior Research Scientist at AdMob which was acquired by Google in 2010. Ms. Sivaramakrishnan has her Ph.D. from Stanford University.

 

“We are excited about both the depth and range of our new Board members,” said Pittman.  “We know our ability to draw on the experience of this unique combination of leaders in their respective fields will give us an unparalleled competitive advantage as we build our next level of growth.”

iHeartMedia’s current Board of Directors will remain in place until the company emerges from Chapter 11, at which time the new Board will assume its responsibilities.

Steve Mills Named iHeartMedia’s Chief Information Officer
 
NEW YORK, N.Y. – October 5, 2015 – iHeartMedia, Inc. announced today that Steve Mills has joined the company as its Chief Information Officer. Mills, previously Chief Information Officer at Motorola Mobility, will report to Richard J. Bressler, iHeartMedia, Inc.’s President, Chief Operating Officer and Chief Financial Officer.
 
In this new role, Mills will oversee all aspects of the information technology structure for both iHeartMedia and Clear Channel Outdoor, working closely with all its businesses and divisions to ensure the alignment and optimization of the company’s overall technology systems with the business priorities of its multiplatform assets, which include 858 broadcast radio stations reaching more than 245 million consumers monthly; iHeartRadio, iHeartMedia’s free leading all-in-one digital music and streaming radio service with more than 70 million registered users, 600 million app downloads and 87 million monthly digital uniques; more than 75 million social media followers across the network; nationally-recognized marquee live events; and Clear Channel Outdoor’s digital platform, which now offers over 950 digital billboards across 37 U.S. markets.
 
“Steve has a proven track record delivering extraordinary results for some of the most well-known mobile and telecommunications companies,” said Bressler. “At a time when iHeartMedia, Inc. is placing increasing emphasis on technology solutions – everything from programmatic advertising to data collection and analysis -- Steve’s expansive background in driving new innovation via social networks, Big Data and apps makes him a perfect match for our company as we continue to transform and expand our technology framework to benefit both our businesses and our partners.”
 
“I’m thrilled to be joining a company with the unparalleled brand and scale of iHeartMedia,” said Mills. “I’m looking forward to using my expertise to expand iHeartMedia’s position as the nation’s leading multiplatform media company.”
 
Mills has over 30 years of experience in information technology, enterprise systems and software engineering. In addition to his role as Chief Information Officer for Motorola, Mills also previously served as Chief Information Officer of leading cloud hosting solutions provider Rackspace Hosting as well as executive positions at T-Mobile, BearingPoint, and Intelligent Technologies. Mills holds a PhD in Computer Science from Southern Methodist University.

Sara Morris Joins iHeartMedia’s Government Affairs Team
 
April 16, 2015 – New York, NY – iHeartMedia, Inc., one of the leading global media and entertainment companies, announced today that telecommunications policy expert Sara Morris has joined its Washington, D.C.-based Government Affairs team as Senior Director, Government Affairs reporting to Jessica Marventano, Senior Vice President of Government Affairs. Morris will also work alongside Dan Dukes, who was recently promoted to Senior Director, Government Affairs for iHeartMedia, Inc.
 
Morris has nearly three decades of experience in telecommunications-related policy and legislative processes on a bipartisan and bicameral basis. Morris joins iHeartMedia from the Federal Communications Commission (FCC), where she served as Director of its Legislative Affairs division, representing the FCC before Republican and Democratic offices and committees in both the Senate and House of Representatives.
 
Prior to the FCC, Morris served as Deputy Director and Telecommunications Policy Analyst in the U.S. Department of Commerce’s Office of Congressional Affairs; as a Government Affairs policy analyst at Paul, Hastings, Janofsky & Walker LLP; and oversaw the administrative support operations for the House Energy and Commerce's Subcommittee on Telecommunications and Finance under then-Rep. Ed Markey (D-MA).
 
“Sara has been at the intersection of telecom policy and its politics for many years and is a seasoned hand and resource for many.  Her expertise, deep knowledge of the telecom field and ability to bridge the differences across the aisle make her a unique and welcome addition to our team,” said Marventano.

iHeartMedia, Inc. Announces First Closing of Sale of Select Portfolio of Radio Towers to Vertical Bridge for $369 Million 
 
Company Also Finalizes Lease Arrangement To Continue To Use Those Towers To Broadcast Its Radio Stations 
 
April 8, 2015 – New York, NY – iHeartMedia, Inc. (OTCBB: IHRT), one of the leading global media and entertainment companies, announced today that the first closing of the sale of a select portfolio of its tower assets to Vertical Bridge has occurred. Initial closing proceeds were approximately $369 million prior to fees and customary adjustments for prorated items.  Additional closings are expected to occur.
  
As previously announced, there will be no impact on the company’s broadcast capabilities and operations; the company has entered into a lease with respect to the sold tower assets that will ensure the ability of its broadcast operations to continue without interruption.  The company also reiterated that investors should expect incremental lease expense as a result of the transaction.
 
“We are very pleased that this transaction has closed, and will continue to seek other opportunities to efficiently operate our portfolio of assets while maximizing liquidity,” said Richard J. Bressler, President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc. 
 
“We are excited to have completed this closing with our new partner, iHeartMedia, and are looking forward to a longstanding and successful relationship. Many of these assets are located in metropolitan and hard-to-site areas that we will make accessible to all of our wireless and broadcast clients,” said Alexander L. Gellman, CEO and Co-founder of Vertical Bridge.
 
Guggenheim Securities, LLC arranged the debt financing for Vertical Bridge Holdings, LLC in this transaction.
 
About Vertical Bridge Holdings, LLC
Vertical Bridge Holdings, LLC is a privately-owned real estate investment trust focused on the ownership of wireless communication towers in the U.S. The company owns, operates and manages telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners, and is headquartered in Boca Raton, Florida.  For more information, please visit www.verticalbridge.com or contact Erica Robertson at: 561-406-4032.

Joseph Robinson Becomes President of New iHeartMedia Ventures Group
 
NEW YORK, NY ­ - March 24, 2015 - ­ iHeartMedia today announced that Joseph Robinson has been promoted to President of iHeartMedia Ventures, working to develop high-value strategic opportunities with media, technology, and content companies. Robinson, who has over 20 years of investment and management experience, will be reporting to Rich Bressler, President, COO and CFO of iHeartMedia, Inc.
 
As the company's Executive Vice President of Strategic Development, Robinson was instrumental in both evaluating and executing strategic acquisitions and equity partnerships and alliances in emerging, high-growth digital and technology companies that had important strategic links to iHeartMedia.
 
"Joe has played an invaluable role in helping iHeartMedia explore new digital and technology opportunities for both consumer-facing and internal initiatives," said Bressler.  "I'm delighted that Joe is expanding his role with us; his new leadership position will be instrumental in our continued success as a 21st century media company ­ one that is both relentlessly forward-looking on the technology front and focused on using iHeartMedia's cross-platform assets in creative ways that help redefine the future of consumer media and entertainment."   
 
"As iHeartMedia pushes new technology and data-driven initiatives, I'm excited to be the bridge between our company and others that can provide solutions to these continuing needs," said Robinson.  "iHeartMedia appreciates and values innovation, not only in our own company but in partners as well.  I'm excited to expand my outreach to all of those who are building the future."
 
iHeartMedia Ventures will enable iHeartMedia to be nimble and to choose best in class solutions and technologies while retaining and supporting core teams and knowledge. Additionally, because of its size and multi-platform asset base, iHeartMedia can help accelerate the companies it invests in and partners with by promoting and deploying portfolio company products across its vast network ­ making a significant difference to young companies trying to break into established markets.
 
"Joe has a proven track record of spotting innovators and cutting-edge products that can enable our vision of the future," said Bob Pittman, Chairman and CEO of iHeartMedia, Inc.  "I've worked with Joe for almost ten years, and I'm excited about his expanded role and the impact it can have on accelerating our new products, technologies and our entrance into data-driven solutions for our consumers and marketing partners."

Prior to joining iHeartMedia, Robinson founded Halo Venture Partners, a venture investment company focused on digital media, advertising and media-related technology companies. Robinson's investments include Scout Media, a sports social network sold to Fox in 2005, UGO Networks, a male targeted advertising network, which was sold to Hearst in 2007 and InterWorld, Inc., a publicly traded e-commerce solutions provider.

iHeartMedia, Inc. Announces Sale of a Select Portfolio of Its Radio Towers to Vertical Bridge for $400 Million
 
Company Converts to Lease Arrangement To Continue To Use Those Towers To Broadcast Its Radio Stations
 
December 11, 2014 – New York, NY – iHeartMedia, Inc. (OTCBB: IHRT), one of the leading global media and entertainment companies, announced today the sale of a select portfolio of its tower assets to Vertical Bridge for up to $400 million.  The transaction is subject to due diligence and other customary closing conditions.
 
The transaction is expected to close in Q1 2015.  There will be no impact on the company’s broadcast capabilities and operations; at closing, the company will enter into a lease with respect to the sold tower assets that will ensure the ability of its broadcast operations to continue without interruption.  The company also advised that investors should expect incremental lease expense as a result of the transaction.
 
“This is a great example of how we continue to optimize our balance sheet and maximize liquidity -- and how we continually review our entire portfolio of assets to ensure we operate them in the most efficient way possible and invest our resources in the highest return opportunities,” said Richard J. Bressler, President and Chief Financial Officer of iHeartMedia, Inc.
 
“We are excited to add this high quality tower portfolio to our existing assets,” said Alexander L. Gellman, CEO of Vertical Bridge Holdings, LLC. “We are looking forward to a strong partnership with iHeartMedia.  In addition to being a premier broadcast portfolio, these sites already have many broadband telephony and data tenants and the capacity and potential to add many more. With this latest transaction, Vertical Bridge now has approximately 2000 revenue producing sites that are owned or under definitive agreement.”
 
About Vertical Bridge Holdings, LLC
Vertical Bridge Holdings is a privately-owned real estate investment trust focused on the ownership of wireless communication towers in the U.S. The company owns, operates and manages telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners and is headquartered in Boca Raton, Florida. For more information, please visit www.verticalbridge.com or call Traci Clancy at 561-948-6367.

Gayle Troberman Named iHeartMedia’s Executive Vice President and Chief Marketing Officer
 
Advertising and Creative Visionary Will Develop Strategies to Connect Company’s Multiple Brands Even More Closely To Consumers
Troberman Will Bring Her Marketing Expertise, Creativity and Experience to Work With Brand Partners Across Radio, Digital, Outdoor, Mobile, Social and Live Event Platforms
 
New York, NY – October 15, 2014 – iHeartMedia Inc., one of the leading global media and entertainment companies, announced today that visionary advertising and media executive Gayle Troberman is joining the company as Executive Vice President and Chief Marketing Officer.
 
In this newly created role, Troberman will work with all of iHeartMedia, Inc.’s businesses to connect them more closely to consumers, helping integrate the company’s brands, products and platforms even more deeply into consumers’ daily lives.  She will also bring her marketing expertise, creativity and experience to developing a marketing innovation agenda that fully leverages the company’s extensive range of content, experiences and technologies to bring brands together in new ways with consumers of all of the company’s businesses, including Clear Channel Outdoor, one of the world’s largest outdoor advertising companies; iHeartMedia’s 859 radio stations in more than 150 markets; and iHeartRadio, iHeartMedia’s digital radio platform.  Troberman will report to iHeartMedia, Inc.’s Chairman and CEO Bob Pittman.
 
Troberman, a highly respected marketing industry veteran, joins iHeartMedia from IPG Mediabrands, where she served as Chief Marketing and Ideas Officer.  Prior to this position, Troberman spent 16 years at Microsoft as Chief Creative Officer where she was responsible for the company’s portfolio of brands and global advertising campaign across consumer and b to b products including Windows, Office, Bing, and XBOX.  She was also an early internet innovator, creating the industry’s first branded entertainment division at MSN, where she developed many of first online video series and pioneered the premise that with the Internet, brands, agencies and media companies could collaborate in entirely new ways, breaking down the barriers between marketers, creators, engineers and consumers. Troberman joined Microsoft from Manning Selvage and Lee, where she served as Vice President, Consumer Marketing and focused on applying consumer public relations principles to a broad range of technology brands and products before they developed paid media and advertising strategies.
 
“We’re delighted that Gayle is joining us at such a pivotal moment for iHeartMedia – just as we renamed our company to take full advantage of our position as a one-of-a-kind, multi-platform media company with unparalleled reach and impact,” said Pittman.  “As EVP and Chief Marketing Officer for our entire company, Gayle will help us connect even more deeply to the hundreds of millions of consumers monthly who rely on us for the best music, personalities, entertainment, news, events, information and more, everywhere they want to find it -- and as importantly, she will be able to reach across all of our companies and brands to provide fresh, out-of-the box thinking to our teams and our clients that will help them co-create and innovate together in new ways to garner the biggest possible ROI from radio, digital, outdoor and events.”
 
“iHeartMedia is the ultimate, live creative playground,” said Troberman.  “No other company can match iHeartMedia’s incredible reach and range of live platforms, talent and content.  It’s a media company, it’s an entertainment company and it’s the biggest creator of live content across speakers, screens and stages.  At iHeartMedia, there’s so much opportunity to create entirely new brand experiences that excite, engage, and humanize marketing -- and that’s what excites me about joining forces with this incredible team.”