Emerging from bankruptcy, iHeartMedia returned to Wall Street yesterday morning. Unfortunately, the nation’s largest radio broadcaster wasn’t exactly welcomed with open arms. Now trading under “IHRT” on NASDAQ, investors swiftly punished the stock shortly after embattled top executives Bob Pittman and Rich Bressler rang the Opening Bell. Choosing a direct listing, the broadcaster’s top executives […]
The post No Spotify or Slack Here — iHeartMedia’s Shares Fall as Much as 7% on Its First Day on NASDAQ appeared first on Digital Music News.