The Billboard Global Music Index was effectively flat this week despite 12 of the 20 stocks gaining ground.
The Billboard Global Music Index fell 1.9% to 1,788.83 as 16 of 20 stocks lost ground this week.
The biggest radio company in the U.S. is mired in an uncertain advertising market, although the 2024 elections will provide a boost.
After fourth-quarter revenue declined 5%, first-quarter revenue will be down 2% to flat, the company announced Thursday.
The windfall will help pay down debt for the radio giant, which held a minority stake in the PRO.
In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
The Billboard Global Music Index dropped 0.2% to 1,449.08, bringing its year-to-date gain to 24.1%.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
"Merchants of garbage," live music spending, rosy outlooks and more.
"We've never had more data, and yet, it's never been harder to win," an iHeart executive said.
