On the Record · iHeartMedia Capital I
iHeartMedia Capital I acquisitions, on the record
The businesses iHeartMedia Capital I bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Outdoor business in nine non-strategic outdoor markets, plus certain advertising assets in FloridaWord for word“In the first quarter of 2016, CCOH sold its outdoor business in nine non-strategic outdoor markets for an aggregate purchase price of approximately $602.0 million in cash and certain advertising assets in Florida (the “Outdoor Transactions”).” 10-K for 2015 | divestiture | first quarter of 2016 | approximately $602.0 million |
Aloha Station Trust, LLC portfolio of 29 radio stationsWord for word“During 2014, the Aloha Trust completed a transaction in which it exchanged two radio stations for a portfolio of 29 radio stations.” 10-K for 2015 | acquisition | During 2014 | — |
50% interest in Australian Radio Network Pty Ltd (ARN)Word for word“Upon sale of ARN, the Company recognized a loss of $2.4 million and $11.5 million of foreign exchange losses, which were reclassified from accumulated other comprehensive income.” 10-K for 2015 | divestiture | — | — |
50% interest in Buspak, a bus advertising company in Hong KongWord for word“During 2014, our International outdoor segment sold its 50% interest in Buspak, a bus advertising company in Hong Kong and recognized a gain on sale of $4.5 million.” 10-K for 2015 | divestiture | 2014 | — |
Five radio stations in the Green Bay marketWord for word“In addition, our iHM segment exercised a put option that sold five radio stations in the Green Bay market for approximately $17.6 million and recorded a gain of $0.5 million.” 10-K for 2015 | divestiture | — | approximately $17.6 million |
International outdoor business in TurkeyWord for word“During the second quarter of 2016, International outdoor sold its business in Turkey for cash proceeds of $0.5 million .” 10-K for 2016 | divestiture | During the second quarter of 2016 | cash proceeds of $0.5 million |
International outdoor business in AustraliaWord for word“During the fourth quarter of 2016, International outdoor sold its business in Australia for cash proceeds of $195.7 million , net of cash retained by the purchaser and closing costs.” 10-K for 2016 | divestiture | During the fourth quarter of 2016 | cash proceeds of $195.7 million , net of cash retained by the purchaser and closing costs |
nine non-strategic U.S. outdoor marketsWord for word“We sold nine non-strategic U.S. outdoor markets in the first quarter of 2016.” 10-K for 2016 | divestiture | in the first quarter of 2016 | — |
Aloha Station Trust, LLC radio stations (beneficiary interest)Word for word“We are also the beneficiary of Aloha Station Trust, LLC, which owns and operates 1 14 radio stations, all of which we were required to divest in order to comply with Federal Communication Commission (“FCC”) media ownership rules, and which are being marketed for sale.” 10-K for 2016 | divestiture | — | — |
two office buildings located in San Antonio, TexasWord for word“During the first quarter of 2015, the Company sold two office buildings located in San Antonio, Texas for $34.3 million.” 10-K for 2016 | divestiture | During the first quarter of 2015 | $34.3 million |
Indianapolis, Indiana outdoor marketWord for word“In January 2017, Americas outdoor sold its Indianapolis, Indiana market to Fairway Media Group, LLC in exchange for certain assets in Atlanta, Georgia with a fair value of $39.4 million , plus $43.1 million in cash, net of closing costs.” 10-K for 2017 | divestiture | In January 2017 | certain assets in Atlanta, Georgia with a fair value of $39.4 million , plus $43.1 million in cash, net of closing costs |
four radio stations in Boston, MA and three radio stations in Seattle, WA, owned by Entercom Communications Corp.Word for word“Acquisitions During the fourth quarter of 2017, we exchanged four radio stations in Chattanooga, TN and six radio stations in Richmond, VA for four radio stations in Boston, MA and three radio stations in Seattle, WA, owned by Entercom Communications Corp.” 10-K for 2017 | acquisition | During the fourth quarter of 2017 | — |
outdoor business in AustraliaWord for word“In the fourth quarter of 2016, International outdoor sold its business in Australia, for cash proceeds of $195.7 million, net of cash retained by the purchaser and closing costs.” 10-K for 2017 | divestiture | In the fourth quarter of 2016 | cash proceeds of $195.7 million, net of cash retained by the purchaser and closing costs |
outdoor business in TurkeyWord for word“In the second quarter of 2016, International outdoor sold its business in Turkey.” 10-K for 2017 | divestiture | In the second quarter of 2016 | — |
nine non-strategic outdoor marketsWord for word“Lower direct operating expenses in our Americas outdoor business were primarily due to the sale of nine non-strategic U.S. outdoor markets in the first quarter of 2016.” 10-K for 2017 | divestiture | In the first quarter of 2016 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $500,000 | — |
| 2017-12-31 | — | $4.7 million |
Deal filings since 2016
- 2018-03-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from iHeartMedia Capital I’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-05-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.