iHeartMedia, Inc. (formerly
CC Media Holdings, Inc.) is an American
mass media company headquartered in
San Antonio,
Texas. It is the
holding company of
iHeartCommunications, Inc. (formerly
Clear Channel Communications, Inc.), a company founded by
Lowry Mays and
B. J. "Red" McCombs in 1972, and later taken private by
Bain Capital, LLC and
Thomas H. Lee Partners through a
leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications began to operate as a wholly owned
subsidiary of CC Media Holdings. On September 16, 2014, CC Media Holdings was rebranded iHeartMedia, Inc., while Clear Channel Communications became iHeartCommunications, Inc.