iHeartMedia promotes Michael McGuinness to CFO, succeeding Richard Bressler. Bressler retains COO and president roles. Trend of combining CFO and COO roles broken. McGuinness to receive $1.2 million base salary as CFO. Company aims for $150 million net cost savings by year end, targeting additional $50 million savings in 2026. Podcast revenue increases by 22% to $140 million, with adjusted EBITDA margin over 38%.

Read more at Yahoo Finance: iHeartMedia CFO, COO relinquishes finance chief responsibilities