Iheartmedia's Mission Statement Essay

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1. Internal Performance a. Mission Statement iHeartMedia’s is a provider of media and entertainment service through broadcast and digital delivery. The company also offers national syndication and outdoor advertising services. The company primarily operates in the US and has its presence across Europe, Latin American, Canada and Asia. (MarketLine) iHeartMedia’s mission statement is innovate and authentic, surrounding their company with “growing and evolving, reflecting new technologies and new customer behaviors and tastes. Their goal is to be everywhere their consumer are, and everywhere their partners and advertisers expect them to be, with products and service they want. (iHeartMedia Code of Conduct). IHeartMedia’s values works a tremendous role in the company which each individual feel identifies with it. Their values are honesty, respect, collaboration, curiosity and urgency. …show more content…

Stakeholders, Bankruptcy, Stock Performance i. iHeartMedia operates through three segments: iHeartMedia, Clear Channel Outdoor Advertising and International Outdoor Advertising. Also, has a few subsidiaries business such as Premiere Networks, Katz Media Group, Total Traffic & Weather Network, RCS, Inside Radio and Critical Mass Media. As a big company, they have many stakeholders. ii. iHeartMedia has filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Sothern District of Texas, their plan is to restructure part of the $20 billion debt. They already reached an agreement in principle with holders to restructure dent and further enhance position as America’s #1 Audio Company. (iHeartMedia) iii. iHeartMedia stock performance has been reducing every day over the last past months. They are currently selling at $0.351 per share (Ameritrade), their higher record per share was $9.30 occurred in 09/26/2014. The financial situation that the company is going through is affecting their stock performance. (See Appendix C) 2. Industry

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