iHeartMedia, Inc., founded in 1972 by Lowry Mays and Red McCombs, is a leading American mass media corporation headquartered in San Antonio, Texas. The company, originally known as Clear Channel Communications, was taken private in 2008 by Bain Capital and Thomas H. Lee Partners. iHeartMedia's core mission is to connect audiences with compelling audio content, offering services that include broadcast radio, digital streaming, podcasting, and live events. The company focuses on the U.S. market, reaching a quarter of a billion listeners monthly, making it the largest audio company in the country.
Notable affiliated people include founders Lowry Mays and Red McCombs, as well as major investors Bain Capital and Thomas H. Lee Partners. Key achievements include having twice the reach of the largest TV network and four times the reach of the largest ad-enabled streaming music service. iHeartMedia has significantly impacted the audio industry through its advanced analytics and attribution capabilities, establishing itself as a dominant force in both traditional and digital audio landscapes.