<SEC-DOCUMENT>0000929638-18-000975.txt : 20181217
<SEC-HEADER>0000929638-18-000975.hdr.sgml : 20181217
<ACCEPTANCE-DATETIME>20181217171927
ACCESSION NUMBER:		0000929638-18-000975
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20181217
DATE AS OF CHANGE:		20181217
GROUP MEMBERS:		ABRAMS CAPITAL MANAGEMENT, LLC
GROUP MEMBERS:		ABRAMS CAPITAL PARTNERS II, L.P.
GROUP MEMBERS:		ABRAMS CAPITAL, LLC
GROUP MEMBERS:		DAVID ABRAMS

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iHeartMedia, Inc.
		CENTRAL INDEX KEY:			0001400891
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				260241222
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84136
		FILM NUMBER:		181238815

	BUSINESS ADDRESS:	
		STREET 1:		20880 STONE OAK PARKWAY
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78258
		BUSINESS PHONE:		210-822-2828

	MAIL ADDRESS:	
		STREET 1:		20880 STONE OAK PARKWAY
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78258

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CC Media Holdings Inc
		DATE OF NAME CHANGE:	20090721

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C C Media Holdings Inc
		DATE OF NAME CHANGE:	20070730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BT Triple Crown Capital Holdings III, Inc.
		DATE OF NAME CHANGE:	20070524

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABRAMS CAPITAL MANAGEMENT, L.P.
		CENTRAL INDEX KEY:			0001358706
		IRS NUMBER:				204043368
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		222 BERKELEY STREET, 21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-646-6100

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET, 21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAMET CAPITAL MANAGEMENT, LP
		DATE OF NAME CHANGE:	20060407
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>a71210_sc13da.htm
<DESCRIPTION>AMENDMENT NO. 1
<TEXT>
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">UNITED STATES</div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SECURITIES AND EXCHANGE COMMISSION</font></font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SCHEDULE 13D</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Under the Securities Exchange Act of 1934</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(Amendment No. 1)*</font></div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center;"><u><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size:
              14pt;">iHeartMedia, Inc.</font> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></u></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Name of Issuer)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt;
            font-family: 'Times New Roman', Times, serif;">Class A Common Stock, par value $.001 per share</font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></u></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;(Title of Class of Securities)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">043436104</font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></u></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(CUSIP Number)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David C. Abrams</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">c/o Abrams Capital Management, L.P.</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">222 Berkeley Street, 21st Floor</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Boston, MA 02116<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>617-646-6100</u></font><font style="font-size:
          12pt; font-family: 'Times New Roman', Times, serif;"><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Name, Address and Telephone Number of Person Authorized to<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font>Receive Notices and Communications)</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">December 14, 2018</font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></u></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Date of Event Which Requires Filing of this Statement)</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If the filing person has previously filed a statement on Schedule&#160;13G to report the acquisition that is the subject of this Schedule&#160;13D, and is
        filing this schedule because of &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [X]</font></div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Note: </font>Schedules filed in paper format
        shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.</font></div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of
        securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</font></div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities
        Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></div>
    <div>&#160;</div>
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              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1</div>
            </td>
            <td colspan="4" style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: top; width: 93.18%;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Names of Reporting Persons.</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
                  </font>Abrams Capital Partners II, L.P.</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P.</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams</font></div>
              <div>&#160;</div>
            </td>
          </tr>
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            <td style="width: 6.82%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2</font></div>
            </td>
            <td colspan="4" style="width: 93.18%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Check the Appropriate Box if a Member of a Group (See Instructions)</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top;">&#160;</td>
            <td colspan="4" style="width: 93.18%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ]</font></div>
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            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="4" style="width: 93.18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ]</font></div>
            </td>
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            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3</font></div>
            </td>
            <td colspan="4" style="width: 93.18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">SEC Use Only</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4</font></div>
            </td>
            <td colspan="4" style="width: 93.18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Source of Funds (See Instructions):</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">WC</font></div>
            </td>
          </tr>
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            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5</font></div>
            </td>
            <td colspan="4" style="width: 93.18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ]</font></div>
            </td>
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            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6</font></div>
            </td>
            <td colspan="4" style="width: 93.18%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Citizenship or Place of Organization.</font></div>
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; Delaware</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; Delaware</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; Delaware</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; Delaware</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; United States</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="8" style="width: 17.69%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Number</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">of Shares</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Beneficially</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Owned by</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Each</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Reporting</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Person With</font></div>
            </td>
            <td style="width: 9.04%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7</font></div>
            </td>
            <td colspan="2" style="width: 73.27%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Sole Voting Power</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 0 shares</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8</font></div>
            </td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Shared Voting Power</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 14,456,097 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; 15,473,367 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 16,761,917 shares</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9</font></div>
            </td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Sole Dispositive Power</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 0 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 0 shares</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10</font></div>
            </td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Shared Dispositive Power</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.87%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="2" style="width: 82.18%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 14,456,097 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,473,367 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 16,761,917 shares</font></div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11</font></div>
            </td>
            <td colspan="3" style="width: 93.05%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Aggregate Amount Beneficially Owned by Each Reporting Person</font></div>
              <div>&#160;</div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 14,456,097 shares</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">15,473,367

                  shares</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 16,761,917 shares</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 16,761,917 shares</font></div>
              <div>&#160;</div>
            </td>
            <td style="width: 0.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12</font></div>
            </td>
            <td colspan="3" style="width: 93.05%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)&#160; &#160;&#160; [ ]</font></div>
            </td>
            <td style="width: 0.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13</font></div>
            </td>
            <td colspan="3" style="width: 93.05%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Percent of Class Represented by Amount in Row (11)</font></div>
              <div>&#160;</div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; 45.8%</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; 49.1%</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; 53.1%</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; 53.1%</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; 53.1%</font></div>
              <div>&#160;</div>
            </td>
            <td style="width: 0.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 6.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14</font></div>
            </td>
            <td colspan="3" style="width: 93.05%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Type of Reporting Person (See Instructions)</font></div>
              <div>&#160;</div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. &#8211; OO (Limited Partnership)</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital, LLC &#8211; OO (Limited Liability Company)</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, LLC &#8211; OO (Limited Liability Company)</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Management, L.P. &#8211; OO (Limited Partnership)</font></div>
              <div style="text-align: justify; margin-left: 37.4pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">David Abrams &#8211; IN</font></div>
              <div>&#160;</div>
            </td>
            <td style="width: 0.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
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    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>AMENDMENT NO. 1 TO SCHEDULE 13D</u></font></font></div>
    <div>&#160;</div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This Amendment No. 1 to Schedule&#160;13D (this &#8220;Amendment&#8221;) relates to Class A Common Stock (&#8220;Class&#160;A Common Stock&#8221;) of iHeartMedia, Inc., a
        Delaware corporation (the &#8220;Issuer&#8221;).&#160; The address of the Issuer&#8217;s principal executive offices is 20880 Stone Oak Parkway, San Antonio, Texas 78258.&#160; This Amendment is being filed by the Reporting Persons to amend the Schedule 13D originally filed
        by the Reporting Persons on November 29, 2011 (the &#8220;Original 13D,&#8221; as amended hereby, the &#8220;Schedule 13D&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This Amendment is being filed to amend and supplement Items 3, 4, 5, 6 and 7 of the Schedule 13D as set forth below.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 3.&#160; &#160;&#160; Source and Amount of Funds or Other Consideration</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Abrams Capital Partners II, L.P. (&#8220;ACP II&#8221;) acquired the shares of Class A Common Stock referenced in Item 5(c) below in a private purchase for
        an aggregate purchase price of $1,600,000.&#160; The purchase price was paid out of working capital.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: left;">
      <div style="background-color: #FFFFFF;">
        <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 4.&#160; Purpose of Transaction</div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Reporting Persons acquired the shares of Class A Common Stock reported herein for investment purposes and not with any
            current intent, purpose or effect of changing control of the Issuer.&#160;&#160;While the Reporting Persons own in aggregate 53.1% of the Issuer&#8217;s outstanding Class A Common Stock, such ownership represents approximately 18.4% of the voting power of the
            Issuer&#8217;s capital stock, as the Issuer has outstanding 555,556 shares of Class B Common Stock, par value $0.001 per share (the &#8220;Class B Common Stock&#8221;), and 58,967,502 shares of Class C Common Stock, par value $0.001 per share (the &#8220;Class C
            Common Stock&#8221;).&#160;&#160;Each holder of Class&#160;A Common Stock is entitled to one vote for each share of Class&#160;A Common Stock held.&#160;&#160;Each holder of Class B Common Stock is entitled to a number of votes for each share of Class B Common Stock held that is
            equal to the number obtained by dividing (a)&#160;the sum of the total number of shares of Class B Common Stock outstanding as of the record date for such vote and the number of shares of Class C Common Stock outstanding as of the record date for
            such vote by (b)&#160;the number of shares of Class B Common Stock outstanding as of the record date for such vote. Except as otherwise required by law, the holders of outstanding shares of Class C Common Stock are not entitled to any votes upon any
            matters presented to the Issuer&#8217;s stockholders.</font></div>
        <div><br>
        </div>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The number of outstanding shares referred the immediately preceding paragraph is based upon the statements in the Issuer&#8217;s Quarterly Report on
          Form 10-Q, as filed with the Securities and Exchange Commission on November 8, 2018 (the &#8220;10-Q&#8221;) as to the number of shares of Class B Common Stock and Class C Common Stock outstanding as of November 5, 2018.&#160; The Issuer also states in the 10-Q
          that that there were 31,538,017 shares of Class A Common Stock outstanding as of November 5, 2018.&#160; Percentage calculations in the Schedule 13D are based on such statements.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Reporting Persons may acquire additional shares of Class A Common Stock and other securities of the Issuer from time to
            time or may dispose of any or all of such shares or other securities held by them at any time.</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Reporting Persons intend to evaluate on an ongoing basis their investment in the Issuer and their options with respect
            to such investment.&#160;&#160;Mr.&#160;Abrams currently serves as a member of the board of directors of the Issuer.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Reporting Persons reserve the right to change their purpose and to formulate and implement plans or proposals with
            respect to the Issuer at any time and from time to time.&#160;&#160;Any such action may be made by the Reporting Persons alone or in conjunction with other shareholders, potential acquirers, financing sources and/or other third parties and could include
            one or more purposes, plans or proposals that relate to or would result in actions required to be reported herein in accordance with Item 4 of Schedule 13D.</font></div>
      </div>
      <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 5.&#160; Interest in Securities of the Issuer</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a) and (b)&#160; See Items 7-11 of the cover pages.<br>
      </font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Shares reported herein for ACP II represent shares beneficially owned by ACP II. Shares reported herein for Abrams Capital, LLC (&#8220;Abrams
        Capital&#8221;) represent shares beneficially owned by ACP II and other private investment funds for which Abrams Capital serves as general partner. Shares reported herein for Abrams Capital Management, L.P. (&#8220;Abrams CM LP&#8221;) and Abrams Capital
        Management, LLC (&#8220;Abrams CM LLC&#8221;) represent the above-referenced shares beneficially owned by ACP II and shares beneficially owned by other private investment funds for which Abrams CM LP serves as investment manager. Abrams CM LLC is the general
        partner of Abrams CM LP. Shares reported herein for Mr. Abrams represent the above referenced shares reported for Abrams Capital and Abrams CM LLC. Mr. Abrams is the managing member of Abrams Capital and Abrams CM, LLC. Each of the Reporting
        Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c)&#160; The Reporting Persons have not conducted any transactions in securities of the Issuer during the past 60 days, except that on December 14,
        2018 ACP II purchased an aggregate of 9,950,510 shares of Class&#160;A Common Stock for an aggregate purchase price of $1,600,000 in a private purchase pursuant to a Stock Purchase Agreement dated as of such date among ACP II and the Highfields Sellers
        named therein.&#160; The foregoing description is qualified in its entirety by reference to the full text of the Stock Purchase Agreement that is filed as Exhibit 99.1 hereto and is incorporated by reference to this Item 5(c).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)&#160; Not applicable.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(e)&#160; Not applicable.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 6.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Contracts,
          Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</font></font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The information set forth in Item 5(c) is incorporated herein by reference.</font></div>
    <div><br>
    </div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 7.&#160; Material to Be Filed as Exhibits</font></div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zbb0b8c4890354754b27d536352219791" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 75pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibit 99.1</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Stock Purchase Agreement by and among ACP II and the Highfields Sellers named therein, dated December 14, 2018.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z80619f3b349e4f879837010aa4739ec0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 75pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibit 99.2</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Original Schedule 13D.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURE</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this
        statement is true, complete and correct.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">December 17, 2018</font></div>
    <div>&#160;</div>
    <table style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zce39593aba554e0f800fc17114079669" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ABRAMS CAPITAL PARTNERS II, L.P.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:&#160;&#160; Abrams Capital, LLC,</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Its General Partner</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ David Abrams&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; Its General Partner</font></div>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ David Abrams&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></font></div>
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          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Name: David Abrams</font></div>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title:&#160;&#160; Managing Member</font></div>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">David Abrams</font></div>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
          <td style="width: 49.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 50.38%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ David Abrams&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></font></div>
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            <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Name: David Abrams</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>STOCK PURCHASE AGREEMENT
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
        </u></font></div>
    <div><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><u><br>
        </u></font></div>
    <div style="text-align: center;"><font style="font-weight: bold; font-variant: small-caps; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><u>Stock Purchase Agreement</u></font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-variant: small-caps;">This Stock Purchase
          Agreement</font> (this &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Agreement</font>&#8221;) is entered into as of December 14, 2018, by the Highfields Sellers (as defined below), severally and not
        jointly, and Abrams Capital Partners II, L.P. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Purchaser</font>&#8221;).</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-variant: small-caps;">Recitals:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Highfields Sellers (as set forth on <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Exhibit A</u></font> hereto, and collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Highfields Sellers</font>&#8221;) are the record owners of an aggregate 9,950,510 shares of the Class A common stock, par value $.001 per share, of iHeartMedia,
        Inc. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Company</font>&#8221;), in the amounts shown on <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Exhibit A</u></font>
        (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Shares</font>&#8221;).</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">B.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Highfields Sellers desire to sell, transfer and assign the Shares to the Purchaser for payment of an aggregate purchase price equal to $1,600,000 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Purchase Price</font>&#8221;), allocated among the Highfields Sellers as shown on <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Exhibit

            A</u></font>.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">C.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Purchaser desires to acquire all of the Highfields Sellers&#8217; right, title and interest to the Shares and to assume all of the Highfields Sellers&#8217; obligations related to the
        Shares.</font></div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-variant: small-caps;">Agreement:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2769b4815eed4e6285dc6827427894a1" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Sale and Purchase of Shares</u></font>.&#160; Effective as of the date hereof, and
                    subject to the terms and conditions of this Agreement, each Highfields Seller hereby sells to the Purchaser, and the Purchaser hereby purchases from each Highfields Seller, such Highfields Seller&#8217;s Shares for such Highfields Seller&#8217;s
                    allocated share of the Purchase Price. The sale and the purchase of the Shares shall include all of each Highfields Seller&#8217;s right, title and interest in and relating to the Shares, including any distributions made on or after the date
                    hereof that arise from, relate to, or are connected with, in any manner whatsoever, directly or indirectly, the Shares and the claims included within the Shares, whether attributable to periods prior to the date hereof or thereafter.</font></div>
              </td>
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        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z8890fba6fa834a00bd4b5c9ba1128fc2" cellpadding="0" cellspacing="0">

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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></td>
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                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Deliveries</u></font>. Each Highfields Seller hereby delivers to the Purchaser
                    such Seller&#8217;s Shares and the Purchaser hereby delivers to each Highfields Seller such Highfields Seller&#8217;s allocable share of the Purchase Price by wire transfer of immediately available funds to an account designated by such Highfields
                    Seller.</font></div>
              </td>
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        </table>
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    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5038e507318e44889713ebf5d6b8ed69" cellpadding="0" cellspacing="0">

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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></td>
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                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Representations of the Highfields Sellers</u></font>.&#160; In connection with the
                    transfer of the Shares hereunder to The Purchaser, each Highfields Seller, severally and not jointly, and as to itself only, hereby represents and warrants to the Purchaser as follows:</font></div>
              </td>
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    <div>&#160;</div>
    <div style="text-align: justify;">
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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">a.</font></td>
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                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Transfer for Own Account</u></font>. The Highfields Seller is selling the
                    Shares for its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof within the meaning of the Securities Act of 1933, as amended (the &#8220;<font style="font-size: 10pt;
                      font-family: 'Times New Roman', Times, serif; font-weight: bold;">Securities Act</font>&#8221;).</font></div>
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      <div style="text-align: right;"><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
          </u></font></div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zf4020909d32b4f599b1a7c15010195ba" cellpadding="0" cellspacing="0">

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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">b.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Authorization</u></font>.&#160; The Highfields Seller has all requisite power and
                    authority to execute and deliver this Agreement, to sell its Shares and to carry out and perform its obligations under the terms of this Agreement. All action on the part of the Highfields Seller necessary for the authorization,
                    execution, delivery and performance of this Agreement, and the performance of all of the Highfields Seller&#8217;s obligations under this Agreement, has been taken. This Agreement, when executed and delivered by the Highfields Seller, will
                    constitute a valid and legally binding obligation of the Highfields Seller, enforceable in accordance with its terms except: (i)&#160; as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
                    application affecting enforcement of creditors&#8217; rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies or by general principles of equity.</font></div>
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    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z10de231771c54d0f8014be6c99708d53" cellpadding="0" cellspacing="0">

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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">c.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Title to Shares; Power to Transfer</u></font>.&#160; The Highfields Seller is the
                    sole beneficial and legal owner of its Shares, free and clear of all liens, encumbrances and restrictions apart from any restrictions on transfer imposed under applicable securities laws.&#160; Applicable restrictions on transfer imposed in
                    connection with the bankruptcy proceedings of the Company pending in the Bankruptcy Court for the Southern District of Texas (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">iHeart
                      Case</font>&#8221;) have been waived by the relevant parties as of the date hereof.</font></div>
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    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">d.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Tax Advisors</u></font>.&#160; The Highfields Seller has reviewed with its own tax
                    advisors the U.S. federal, state, local and foreign tax consequences of this Agreement and the transactions contemplated hereby. The Highfields Seller understands that it shall be responsible for its own tax liability that may arise as
                    a result of this Agreement and the transactions contemplated hereby.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5e39a79b9989446082abd05587529ace" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">e.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Litigation</u></font>.&#160; There is no action, suit, proceeding or investigation
                    pending or, to the Highfields Seller&#8217;s knowledge, currently threatened against the Highfields Seller that questions the validity of this Agreement or the right of the Highfields Seller to enter into this Agreement or to consummate the
                    transactions contemplated hereby.&#160; There is no action or suit by the Highfields Seller pending or threatened against the Company or against others related to the Shares.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z75e50be149ff4fe49b97776f437dc299" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">f.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Disclosure</u></font>.&#160; The Highfields Seller (i) is a sophisticated investor
                    familiar with transactions similar to those contemplated by this Agreement, (ii) has adequate information concerning the business and financial condition of the Company to make an informed decision regarding the sale of the Shares,
                    (iii) has negotiated this Agreement on an arm&#8217;s-length basis and has had an opportunity to consult with its legal, tax and financial advisors concerning this Agreement and its subject matter and (iv) has independently and without
                    reliance upon the Purchaser, and based on such information and the advice of such advisors as the Highfields Seller has deemed appropriate, made its own analysis and decision to enter into this Agreement.&#160; The Highfields Seller agrees,
                    to the fullest extent permitted by law, that neither the Purchaser, nor any of its affiliates or any of its directors, officers, employees, agents, advisors or representatives, shall have any liability or</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div>
      <div>
        <div style="text-align: right;"><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
            </u></font></div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">responsibility whatsoever to the Highfields Seller on any basis (including, without limitation, in
        contract or tort, under federal or state laws or otherwise) based upon any representations or warranties made by the Purchaser, or its agents or representatives, that are not specifically contained or referenced in this Agreement. The Highfields
        Seller acknowledges that the Purchase Price represents a negotiated price and may not reflect the fair market value of the Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z63d7d3fb19204656b81b833ab9d52058" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">g.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Sophisticated the Highfields Seller</u></font>.&#160;&#160; The Highfields Seller
                    acknowledges that (i) the Purchaser currently may have, and later may come into possession of, information with respect to the Company that is not known to the Highfields Seller and that may be material to a decision to sell the Shares
                    (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">the Highfields Seller Excluded Information</font>&#8221;), (ii) the Highfields Seller has determined to sell the Shares notwithstanding its lack
                    of knowledge of the Highfields Seller Excluded Information, and (iii) the Purchaser shall have no liability to the Highfields Seller, and the Highfields Seller waives and releases any claims that it might have against the Purchaser
                    whether under applicable securities laws or otherwise, with respect to the nondisclosure of the Highfields Seller Excluded Information in connection with the sale of the Shares and the Agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za53e6627a3724c63a45890c5b49dda55" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Representations and Warranties of the Purchaser</u></font>.&#160; In connection
                    with the transfer of the Shares hereunder from the Highfields Sellers, the Purchaser hereby represents and warrants to each Highfields Seller as follows:</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z019e7cc0c9964d6cb20a441b51096bce" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">a.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Investment Intent</u></font>. The Purchaser is acquiring the Shares for
                    investment for its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof, and that the Purchaser has no present intention of selling, granting any participation in,
                    or otherwise distributing the same. The Purchaser further represents that it does not have any contract, undertaking, agreement or arrangement with any person or entity to sell, transfer or grant participation to such person or entity
                    or to any third person or entity with respect to any of the Shares.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfaf27a09a37a4e63a20bca65f262482b" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">b.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>The Purchaser&#8217;s Qualifications</u></font>. The Purchaser has substantial
                    experience in evaluating and investing in transactions of securities in companies similar to the Company and acknowledges that the Purchaser can protect its own interests. The Purchaser has such knowledge and experience in financial and
                    business matters so that the Purchaser is capable of evaluating the merits and risks of its investment in the Company. The Purchaser can bear the economic risk of the Purchaser&#8217;s investment and is able, without impairing the Purchaser&#8217;s
                    financial condition, to hold the Shares for an indefinite period of time and to suffer a complete loss of the Purchaser&#8217;s investment.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zd8cc4f7e76df421bbe273fa36b969023" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">c.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Rule 144</u></font>. The Purchaser acknowledges that the Shares must be held
                    indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is available. The Purchaser is aware of the provisions of Rule 144 promulgated under the Securities Act which permit resale of
                    shares purchased in a private placement subject to the satisfaction of certain conditions. The Purchaser</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: right;">&#160;<font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
        </u></font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">acknowledges that, in the event the applicable requirements of Rule 144 are not met, registration under
        the Securities Act or an exemption from registration will be required for any disposition of the Shares.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9c589d8ca82341c4b061cdc6b65a9af9" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">d.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Authorization</u></font>. The Purchaser has all requisite power and authority
                    to execute and deliver this Agreement, to purchase the Shares and to carry out and perform its obligations under the terms of this Agreement. All actions on the part of the Purchaser necessary for the authorization, execution, delivery
                    and performance of this Agreement, and the performance of all of the Purchaser&#8217;s obligations under this Agreement, have been taken. This Agreement, when executed and delivered by the Purchaser, will constitute a valid and legally
                    binding obligation of the Purchaser, enforceable in accordance with its terms except: (i)&#160; as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of
                    creditors&#8217; rights generally; and (ii)&#160;as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies or by general principles of equity.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1d4071cbcbd64c648d1260932c7ab9fc" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">e.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Tax Advisors</u></font>.&#160; The Purchaser has reviewed with its own tax advisors
                    the U.S. federal, state, local and foreign tax consequences of this Agreement and the transactions contemplated hereby. The Purchaser understands that it shall be responsible for its own tax liability that may arise as a result of this
                    Agreement or the transactions contemplated hereby.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z695cb14d789b4faf8c0688c467589f5c" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">f.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Litigation</u></font>.&#160; There is no action, suit, proceeding or investigation
                    pending or, to the Purchaser&#8217;s knowledge, currently threatened against the Purchaser that questions the validity of this Agreement or the right of the Purchaser to enter into this Agreement or to consummate the transactions contemplated
                    hereby.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z13f6d543e6b742de9bb29fdffdcf4e75" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">g.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Sophisticated Transferee</u></font>.&#160;&#160; The Purchaser acknowledges that (i) the
                    Highfields Sellers currently may have, and later may come into possession of, information with respect to the Company that is not known to the Purchaser and that may be material to a decision to purchase the Shares (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Purchaser Excluded Information</font>&#8221;), (ii) the Purchaser has determined to purchase the Shares notwithstanding its lack of knowledge of the
                    Purchaser Excluded Information, and (iii) the Highfields Sellers shall have no liability to the Purchaser, and the Purchaser waives and releases any claims that it might have against the Highfields Sellers, whether under applicable
                    securities laws or otherwise, with respect to the nondisclosure of the Purchaser Excluded Information in connection with the purchase of the Shares and the Agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z5b91608f1cab4862a83093a995fc2ce9" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Bankruptcy Proceedings of the Company</u></font>.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2bed3cda51aa4b79904bcb0e865ce054" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">a.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Notice of Intent to Transfer</u></font>.&#160; The parties hereto have timely
                    provided notice of intent to transfer to the Shares to the Company in the iHeart Case.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zdc6611442d7149e599de015e7e7a62e7" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">b.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Retained Rights</u></font>.&#160; The Purchaser acknowledges that it has not
                    obtained any interest in any claims or non-specific rights (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Retained Rights</font>&#8221;) the Highfields Sellers</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div>
      <div>
        <div style="text-align: right;"><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
            </u></font></div>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; margin-left: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">may have in connection with the iHeart Case other than those related to the Shares, and no action shall
        be taken by the Purchaser in the iHeart Case to assert an interested in such Retained Rights.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z618b2ffca6fe42a38c8c5cb7d5ab45cb" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">c.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Substitution</u></font>.&#160; Each Highfields Seller further agrees that the
                    Purchaser is hereby authorized to, and the Highfields Seller hereby consents to (i) the substitution of the Purchaser for the Highfields Seller to the extent of the Shares in relation to the iHeart Case, (ii) the Purchaser voting the
                    Shares and (iii) the assertion by the Purchaser as to its rights with respect to the Shares and Purchaser&#8217;s ownership of the Shares, including without limitation the submission of the Company&#8217;s Media and Foreign Ownership Certification
                    and any related documents.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zaf59af10186349d08b0f6612c6104705" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Further Assurances</u></font>.&#160; The parties agree to execute such further
                    instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.&#160; If any payment related to the Shares is received by any of the Highfields Sellers, each such Highfields Seller shall
                    receive and hold such payment in trust for the benefit of the Purchaser, and shall promptly convey to the Purchaser the entirety of such payment.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc38d982f99f94503b162edb5c9e942f1" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>General Provisions</u></font>.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z921858a082dc48d4988f77eb6155a3ba" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 54pt;"><br>
              </td>
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    <div>&#160;</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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      <div style="text-align: right;"><font style="font-weight: bold; font-variant: small-caps; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;"><font style="font-variant: normal;">Exhibit </font>99.1<u><br>
          </u></font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u> <br>
          </u></font></font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>EXHIBIT A</u></font></font></div>
    <div><br>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">List of Highfields Sellers, Shares and Purchase Price</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zdafee0fcd93a455b9bec5e8c554b95da" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 54%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Highfields Seller</font></div>
          </td>
          <td style="width: 22.68%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Number of Shares</font></div>
          </td>
          <td style="width: 22.7%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic;">Purchase Price</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">&#160;</td>
          <td style="width: 22.68%; vertical-align: top;">&#160;</td>
          <td style="width: 22.7%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Highfields Capital I LP</font></div>
          </td>
          <td style="width: 22.68%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; 827,466</font></div>
          </td>
          <td style="width: 22.7%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; $133,053</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">&#160;</td>
          <td style="width: 22.68%; vertical-align: top;">&#160;</td>
          <td style="width: 22.7%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Highfields Capital II LP</font></div>
          </td>
          <td style="width: 22.68%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,820,796</font></div>
          </td>
          <td style="width: 22.7%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; $453,572</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">&#160;</td>
          <td style="width: 22.68%; vertical-align: top;">&#160;</td>
          <td style="width: 22.7%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Highfields Capital III L.P.</font></div>
          </td>
          <td style="width: 22.68%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,302,248</font></div>
          </td>
          <td style="width: 22.7%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$1,013,375</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">&#160;</td>
          <td style="width: 22.68%; vertical-align: top;">&#160;</td>
          <td style="width: 22.7%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 54%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">TOTAL</font></div>
          </td>
          <td style="width: 22.68%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,950,510</font></div>
          </td>
          <td style="width: 22.7%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$1,600,000</font></div>
          </td>
        </tr>

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