scottybfx

I Heart Media - Do you?!

NASDAQ:IHRT   IHEARTMEDIA INC
Another senseless shelter pet here. The Corona virus didn't ruin this great company.

Anyone notice how aggressive YouTube ads are getting? Many people will look elsewhere for 'free' entertainment. Many tradesman stream radio all day long and can't skip the ads--and they keep listening.

Anyone account for retiring boomers with no savings? What's Netflix?

Older folks and young alike still LOVE radio - many ads still being sold, this medium isn't going anywhere. Get your piece of the pie at silly low prices.

Radio is old, proven--a robust form of communications--especially when the S##T hits the fan, a solid bet here on undying infrastructure.

Full disclosure - Of course I am LONG. Buy and hold.

Comments

I'm right there with this one. IHRT also became profitable and came out of bankruptcy last year looking well off. All projections indicate a steady rise in EBITDA. My only concern is the CEO's mention of projected real estate costs for 2020 ($40-$50mil) which ironically, could suddenly be made much lower by Covid-19. Radio isn't going anywhere and probably never will.
+1 Reply
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