A recent iHeart FCC filing is revealing in several ways not the least of which is speculation around a potential change in ownership, control or strategic direction involving Global Media & Entertainment Investments known as GMEI.
- That filing was likely a key driver of iHeart’s recent stock price uptick.
- The filing didn’t come out of nowhere, and the stock moved before it hit the FCC’s public portal that strongly suggests someone did know, and acted accordingly -- the 20% jump in just a couple of weeks—equating to roughly $0.30–$0.35 per share.
- GMEI insiders — including Ashley Tabor-King and his father Michael Tabor — can now hold more than 5% individually but not to exceed 14.99% combined.
- They’re also requesting approval to shift ownership between GMEI-controlled entities which could streamline control, obscure real-time movements, lay the groundwork for future maneuvers possibly a proxy play, debt-to-equity swap, or strategic repositioning.
- What it means: This is about a quiet power move with unintended consequences and the market is only now starting to catch on.
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