Bloomberg reported that iHeartMedia was considering a sale of its podcast unit, prompting a rally in the company’s shares. The report did not provide further details in the source article.
In section Market Quotes
Communications Shares Rise as Investors Return to Risk
Communications-services stocks climbed as traders moved back toward higher-risk, cyclical parts of the market. iHeartMedia also advanced after a report said the radio broadcaster was exploring a sale of its podcast unit.
Comments (0)
No comments yet. Be the first!