Friday, April 15, 2016

iDon'tHeart Media

iHeart Media, the former Clear Channel, has had a bit of a rough go of it recently. Take these data points as an indicator of the company's fortunes...

Clear Channel stock price, January 2000: $90.

Clear Channel stock value, April 2007: $39.

iHeartMedia stock price, July 2011: $8.30.

iHeartMedia stock price at close of yesterday: $1.15.