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.
Read the full article now
Recent Posts
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money