The Federal Trade Commission and seven states have sued Google and iHeartMedia over allegedly running nearly 29,000 endorsements for Google’s Pixel 4. Promos for the phone that aired between 2019 and 2020 featured radio personalities that praised its features, despite not even owning the product. “Google and iHeartMedia paid influencers to promote products they never…
Google, iHeartMedia Settle with FTC and 7 States Over Charges of Deceptive Ads
iHeartMedia Clocks 13.5 Percent Revenue Growth in Q4
iHeartMedia Inc reported fourth-quarter FY21 revenue growth of 13.5 percent year-on-year to $1.06 billion, beating the consensus of $1.04 billion. The Q4 revenue was up 25 percent Y/Y, excluding the impact of Political. Digital Audio Group revenue grew 58.7 percent Y/Y to $273.2 million. Podcast revenue rose 130 percent Y/Y to $96.6 million. Digital revenue excluding Podcast…
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