The radio business’ slog through a slow advertising market appears to be improving in 2024. “As we look to the year ahead, we see 2024 as a recovery year and we expect a return-to-growth mode,” iHeartMedia CEO Bob Pittman said during the company’s Thursday (Feb. 29) earnings call for the fourth quarter of 2023. iHeartMedia expects its first-quarter revenue will be flat to down 2% compared to the prior-year period. That would be an improvement from the 5.2% revenue decline, to $1.07 billion, in the fourth quarter. iHeartMedia actually beat its previous revenue guidance of a high single-digit decline. Adjusted earnings b
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