secwatch.observer — SEC 8-K summary
======================================

Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001193125-21-365036
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FCC grants declaratory ruling allowing Global Media's iHeartMedia stake up to 14.99%
--------------------------------------------------------------------------------

- FCC issued GMEI Declaratory Ruling on 12/22/2021 approving >5% stake (currently 8.7%) up to 14.99% without prior approval.
- Prior FCC Required Actions (voting suspension, dividend escrow, board restrictions) lifted immediately.
- GMEI Investors disclosed 9,631,329 shares (~8.7%) in Feb 2021; ruling resolves foreign ownership violation.
- Ruling restates prior 2020 decision allowing up to 100% foreign ownership of iHeartMedia's voting stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312521365036/0001193125-21-365036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312521365036/d239568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-365036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer