March 1, 2023

A Wall Street Slide For iHeartMedia Shares

One day after iHeartMedia released its fourth quarter and full-year 2022 results, the nation’s largest audio content creation and distribution company suffered from a significant sell-off of shares on the Nasdaq GlobalSelect exchange.

While immediate after-hours trading saw bargain hunters swoop in to buy IHRT at a low, the one-day decline was highly bruising.

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