Clear Channel Media and Entertainment Names Steven Macri Chief Financial Officer

Clear Channel Media and Entertainment Names Steven Macri Chief Financial Officer
 
New York, N.Y. – October 7, 2013 – Clear Channel Media and Entertainment, the leading media company in America with a greater reach in the U.S. than any radio or television outlet, announced today that Steven Macri, respected financial executive, has joined the company as CFO, effective immediately. Marci will be based in New York City and will report to John Hogan, Chairman and CEO of Clear Channel Media and Entertainment.
 
As CFO Macri will oversee the administrative, financial and risk management operations for Clear Channel Media and Entertainment.  He will develop financial strategies and tactical initiatives to further the company's operations across all lines of business.
 
“Steven has a proven track record of successfully generating revenue growth and improving margins for large global corporations,” said Hogan. “He is a seasoned strategic and financial planning and analysis professional whose financial leadership experience will be an asset to the Clear Channel management team.”

“I am thrilled to be joining the Clear Channel Media and Entertainment team at such an exciting time,” said Macri. “The company has an incredible set of assets and I’m looking forward to assisting John and his team in achieving the next stage of growth.”

Macri joins Clear Channel from LogicSource Inc., a strategic sourcing company where he served as CFO (Chief Financial Officer.) Prior to LogicSource, he was Executive Vice President and CFO at Warner Music Group, Corp. where he oversaw global financial operations, treasury/risk management, information systems and taxes for the company.  Macri received his M.B.A. from New York University’s Leonard N. Stern School of Business and his B.A. in Accounting, cum laude, from Syracuse University.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 500 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.