8-K: iHeartMedia Appoints David Hillman as Executive Vice President, Chief Legal Officer and Secretary

iHeartMedia, Inc. has appointed David Hillman as its Executive Vice President, Chief Legal Officer and Secretary, effective April 28, 2025.

Summary

• iHeartMedia announced the appointment of David Hillman as Executive Vice President, Chief Legal Officer and Secretary.
• The appointment is effective April 28, 2025.
• Hillman will oversee all legal matters for the company, including compliance, regulatory and corporate governance functions, as well as Government Affairs, Business Affairs and Privacy teams.
• Prior to joining iHeartMedia, Hillman was Chief Legal Officer at Venu Sports, a joint venture between ESPN, FOX, and Warner Bros. Discovery.
• He also held positions at Paramount Global, CBS Sports, CBS News & Stations, Simon & Schuster, and Westwood One.

Sentiment

Score: 7

Explanation: The announcement is generally positive, highlighting a strategic addition to the leadership team. The sentiment is driven by the expectation that the new CLO will contribute to the company's growth and success.

Positives

• iHeartMedia has appointed a highly experienced legal professional with a strong background in the media industry.
• David Hillman's experience includes roles at Venu Sports, Paramount Global, CBS Sports, CBS News & Stations, Simon & Schuster, and Westwood One.
• Hillman's appointment is expected to strengthen iHeartMedia's legal and compliance functions.
• Bob Pittman believes Hillman's experience will make him an ideal addition to the executive team as iHeartMedia continues to grow as the #1 audio company in America.

Future Outlook

The company anticipates that David Hillman will contribute to iHeartMedia's continued growth and innovation in the audio industry.

Management Comments

• Bob Pittman, Chairman and CEO of iHeartMedia, stated that David has very relevant experience across a range of media businesses, as well as specific familiarity with the audio industry.
• Bob Pittman believes his wealth of experience will make him an ideal addition to the iHeart executive team as we continue to grow our momentum as the #1 audio company in America.
• David Hillman stated that iHeart is the leader in the audio space in America, backed by a management team deeply committed to growth and innovation, and Im excited to join and contribute to whats next.
• David Hillman looks forward to working with iHeart's leadership, partners, and the talented Legal team to help advance the company across every corner of the audio landscape.

Industry Context

This announcement reflects iHeartMedia's ongoing efforts to strengthen its leadership team with experienced professionals as it navigates the evolving audio landscape and competes with other major media companies.

Comparison to Industry Standards

• The appointment of a seasoned Chief Legal Officer is a standard practice for publicly traded media companies like iHeartMedia.
• Comparable companies such as Paramount Global, Warner Bros. Discovery, and Fox Corporation also have experienced legal teams overseeing compliance, regulatory, and corporate governance matters.
• David Hillman's previous experience at Venu Sports, a joint venture between ESPN, FOX, and Warner Bros. Discovery, aligns with industry trends of media companies collaborating on streaming services.

Management Changes

Stakeholder Impact

• Shareholders may view the appointment positively, as it strengthens the company's legal and compliance functions.
• Employees in the legal and related departments will be working under new leadership.
• The appointment may have a positive impact on the company's relationships with regulatory bodies and government entities.

Key Dates

Keywords

iHeartMedia, David Hillman, Chief Legal Officer, Executive Vice President, Secretary, Legal, Appointment, Corporate Governance, Compliance, Media