iHeartMedia (IHRT) shares were rising past 8% in recent Thursday premarket activity after Chief Executive Robert Pittman disclosed the purchase of 200,000 company shares at a weighted average price of $1.60 per share.
Pittman now has control over a total of 4,263,121 class A common shares, with 4,241,389 shares held directly and 21,732 controlled indirectly, according to a form 4 filing with the US Securities and Exchange Commission.
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