AMFM Broadcasting S-4/A 30 Jun 15 Registration of securities issued in business combination transactions (amended) Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2015
Document Information [Line Items]
Document Type	S-4/A
Amendment Flag	true
AmendmentDescription	AMENDMENT NO. 1
Document Period End Date	Mar. 31, 2015
Entity Registrant Name	iHeartCommunications, Inc.
Entity Central Index Key	739,708
Entity Filer Category	Non-accelerated Filer

Consolidated Balance Sheets

Consolidated Balance Sheets - Entity [Domain] - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 289,014	$ 457,024	$ 708,151
Accounts receivable, net of allowance	1,242,075	1,395,248	1,440,501
Prepaid expenses	244,840	191,572	203,485
Other current assets	141,624	136,299	161,157
Total Current Assets	1,917,553	2,180,143	2,513,294
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,567,653	1,614,199	1,765,510
Other property, plant and equipment, net	1,018,137	1,084,865	1,132,120
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	2,411,259	2,411,071	2,416,406
Indefinite-lived intangibles - permits	1,065,810	1,066,748	1,067,783
Other intangibles, net	1,141,481	1,206,727	1,466,546
Goodwill	4,170,632	4,187,424	4,202,187
OTHER ASSETS
Other assets	289,408	289,065	533,456
Total Assets	13,581,933	14,040,242	15,097,302
CURRENT LIABILITIES
Accounts payable	132,419	132,258	131,370
Accrued expenses	718,418	799,475	807,210
Accrued interest	162,961	252,900	194,844
Deferred income	217,019	176,048	176,460
Current portion of long-term debt	2,844	3,604	453,734
Total Current Liabilities	1,233,661	1,364,285	1,763,618
Long-term debt	20,483,195	20,322,414	20,030,479
Deferred income taxes	1,566,965	1,563,888	1,537,820
Other long-term liabilities	$ 451,795	$ 454,863	$ 462,020
Commitments and contingent liabilities
MEMBER'S DEFICIT
Noncontrolling interest	$ 215,440	$ 224,140	$ 245,531
Additional Paid In Capital	2,084,842	2,101,632	2,142,536
Accumulated deficit	(12,067,356)	(11,682,390)	(10,888,629)
Accumulated other comprehensive loss	(386,609)	(308,590)	(196,073)
Total Member's Deficit	(10,153,683)	(9,665,208)	(8,696,635)
Total Liabilities and Member's Deficit	$ 13,581,933	$ 14,040,242	$ 15,097,302

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowances for receivables	$ 30,193	$ 32,396
Adjustments [Member]
Allowances for receivables		$ 39,698	$ 48,401

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Loss - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenue	$ 1,344,564	$ 1,715,797	$ 1,630,034	$ 1,630,154	$ 1,342,548	$ 1,694,367	$ 1,587,522	$ 1,618,097	$ 1,343,058	$ 6,318,533	$ 6,243,044	$ 6,246,884
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	578,519	649,983	648,409	644,870	597,688	678,769	651,413	635,528	599,310	2,540,950	2,565,020	2,504,529
Selling, general and administrative expenses (excludes depreciation and amortization)	416,188	419,800	427,259	418,928	414,636	420,012	408,684	408,399	401,833	1,680,623	1,638,928	1,660,289
Corporate expenses (excludes depreciation and amortization)	77,288	87,227	78,202	82,197	72,705	67,812	89,574	75,328	80,800	320,331	313,514	293,207
Depreciation and amortization	170,453	186,100	175,865	174,062	174,871	191,582	177,330	179,734	182,182	710,898	730,828	729,285
Impairment charges		19,239	35	4,902	0	16,970	0	0	0	24,176	16,970	37,651
Other operating income (loss), net	(8,974)	(5,678)	47,172	(1,628)	165	13,304	6,186	1,113	2,395	40,031	22,998	48,127
Operating income	93,142	347,770	347,436	303,567	82,813	332,526	266,707	320,221	81,328	1,081,586	1,000,782	1,070,050
Interest expense	441,771	437,261	432,616	440,605	431,114	418,014	438,404	407,508	385,525	1,741,596	1,649,451	1,549,023
Gain (loss) on marketable securities	579	0	0	0	0	(50)	31	130,898	0	0	130,879	(4,580)
Equity in earnings (loss) of nonconsolidated affiliates	331	(29)	3,955	(16)	(13,326)	(91,291)	3,983	5,971	3,641	(9,416)	(77,696)	18,557
Loss on extinguishment of debt	(2,201)	12,912	(4,840)	(47,503)	(3,916)	(83,980)	0	0	(3,888)	(43,347)	(87,868)	(254,723)
Other income (expense), net	19,891	(7,211)	2,617	12,157	1,541	(4,591)	1,709	(18,098)	(1,000)	9,104	(21,980)	250
Loss before income taxes	(330,029)	(83,819)	(83,448)	(172,400)	(364,002)	(265,400)	(165,974)	31,484	(305,444)	(703,669)	(705,334)	(719,469)
Income tax benefit (expense)	(56,605)	33,654	(24,376)	621	(68,388)	(36,833)	73,802	(11,477)	96,325	(58,489)	121,817	308,279
Consolidated net loss	(386,634)	(50,165)	(107,824)	(171,779)	(432,390)	(302,233)	(92,172)	20,007	(209,119)	(762,158)	(583,517)	(411,190)
Less amount attributable to noncontrolling interest	(1,668)	17,923	7,028	14,852	(8,200)	6,994	9,683	12,805	(6,116)	31,603	23,366	13,289
Net loss attributable to the Company	(384,966)	$ (68,088)	$ (114,852)	$ (186,631)	(424,190)	$ (309,227)	$ (101,855)	$ 7,202	$ (203,003)	(793,761)	(606,883)	(424,479)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(82,159)				(2,217)					(121,878)	(33,001)	40,242
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain on marketable securities	822				1,084					327	16,576	23,103
Unrealized holding gain on cash flow derivatives										0	48,180	52,112
Other adjustments to comprehensive income (loss)	(1,154)				3,309					(11,438)	6,732	1,135
Reclassification adjustment for realized gain (loss) on securities included in net loss										3,317	(83,752)	2,045
Other comprehensive income (loss)	(82,491)				2,176					(129,672)	(45,265)	118,637
Comprehensive income (loss)	(467,457)				(422,014)					(923,433)	(652,148)	(305,842)
Less amount attributable to noncontrolling interest	(6,353)				(2,963)					(21,080)	(2,476)	5,878
Comprehensive loss attributable to the Company	$ (461,104)				$ (419,051)					$ (902,353)	$ (649,672)	$ (311,720)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Consolidated net loss	$ (386,634)	$ (432,390)	$ (762,158)	$ (583,517)	$ (411,190)
Reconciling items:
Impairment charges		0	24,176	16,970	37,651
Depreciation and amortization	170,453	174,871	710,898	730,828	729,285
Deferred taxes	16,220	25,308	33,923	(158,170)	(304,611)
Provision for doubtful accounts	6,448	3,418	14,167	20,243	11,715
Amortization of deferred financing charges and note discounts, net	15,602	31,220	89,701	124,342	164,097
Share-based compensation	2,524	3,036	10,713	16,715	28,540
(Gain) loss on disposal of operating and fixed assets	552	(165)	(44,512)	(22,998)	(48,127)
(Gain) loss on marketable securities	(579)	0	0	(130,879)	4,580
Equity in (earnings) loss of nonconsolidated affiliates	(331)	13,326	9,416	77,696	(18,557)
Loss (gain) on extinguishment of debt	2,201	3,916	43,347	87,868	254,723
Other reconciling items, net	(20,033)	(1,577)	(14,325)	19,904	14,234
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	114,083	149,407	(13,898)	(29,605)	(34,238)
Decrease in accrued expenses	(63,457)	(39,724)	31,049	26,105	34,874
Increase (decrease) in accounts payable	6,284	8,008	6,404	(2,620)	13,863
Decrease in accrued interest	(73,316)	(39,739)	88,560	16,014	20,223
Increase in deferred income	48,623	61,525	11,288	7,508	33,482
Changes in other operating assets and liabilities	(74,852)	(52,088)	6,367	(3,532)	(45,412)
Net cash provided by operating activities	(236,212)	(91,648)	245,116	212,872	485,132
Cash flows from investing activities:
Proceeds from sale of other investments	579	220,961	236,618	135,571	0
Purchases of businesses			841	(97)	(50,116)
Purchases of property, plant and equipment	(56,455)	(67,408)	(318,164)	(324,526)	(390,280)
Proceeds from disposal of assets	32,603	1,425	10,273	81,598	59,665
Purchases of other operating assets	(1,964)	(370)	(4,541)	(21,532)	(14,826)
Change in other, net	(5,331)	(1,954)	(13,709)	(4,379)	(1,464)
Net cash provided by (used for) investing activities	(30,568)	152,654	(88,682)	(133,365)	(397,021)
Cash flows from financing activities:
Draws on credit facilities	120,000	820	68,010	272,252	604,563
Payments on credit facilities	(1,859)	(247,675)	(315,682)	(27,315)	(1,931,419)
Proceeds from long-term debt	950,000	209,975	2,062,475	575,000	4,917,643
Payments on long-term debt	(931,274)	(63,902)	(2,099,101)	(1,248,860)	(3,346,906)
Payments to purchase noncontrolling interests	(20,400)		(48,750)	(61,143)	(7,040)
Dividends and other payments to noncontrolling interests	(2,119)	(3,955)	(40,027)	(91,887)	(251,665)
Deferred financing charges	(10,011)	(1,064)	(26,169)	(18,390)	(83,617)
Change in other, net	644	(183)	1,243	4,461	3,092
Net cash provided by (used for) financing activities	104,981	(105,984)	(398,001)	(595,882)	(95,349)
Effect of exchange rate changes on cash	(6,211)	(2,431)	(9,560)	(484)	3,566
Net decrease in cash and cash equivalents	(168,010)	(47,409)	(251,127)	(516,859)	(3,672)
Cash and cash equivalents at beginning of period	457,024	708,151	708,151	1,225,010	1,228,682
Cash and cash equivalents at end of period	289,014	660,742	457,024	708,151	1,225,010
SUPPLEMENTAL DISCLOSURES:
Cash paid during the quarter for interest	495,007	412,643	1,540,860	1,543,455	1,381,396
Cash paid during the quarter for taxes	$ 9,858	$ 11,504	$ 53,074	$ 50,934	$ 52,517

Consolidated Statement of Chang

Consolidated Statement of Changes in Member's Deficit - Entity [Domain] - USD ($) $ in Thousands	Total	Noncontrolling Interest [Member]	Member's Interest [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balances at Dec. 31, 2011	$ (7,471,941)	$ 521,794	$ 2,129,575	$ (9,857,267)	$ (266,043)
Net income (loss)	(411,190)	13,289		(424,479)
Issuance (forfeiture) of restricted stock	3,091	6,381	(3,290)
Amortization of share-based compensation	28,540	10,589	17,951
Purchases of additional noncontrolling interest	28	28
Dividend declared and paid to noncontrolling interests	(244,734)	(244,734)
Other	(17,622)	(9,228)	(8,394)
Other comprehensive income	118,637	5,878			112,759
Balances at Dec. 31, 2012	(7,995,191)	303,997	2,135,842	(10,281,746)	(153,284)
Net income (loss)	(583,517)	23,366		(606,883)
Issuance (forfeiture) of restricted stock	3,769	4,192	(423)
Amortization of share-based compensation	16,715	7,725	8,990
Dividend declared and paid to noncontrolling interests	(91,887)	(91,887)
Other	(1,259)	614	(1,873)
Other comprehensive income	(45,265)	(2,476)			(42,789)
Balances at Dec. 31, 2013	(8,696,635)	245,531	2,142,536	(10,888,629)	(196,073)
Net income (loss)	(762,158)	31,603		(793,761)
Issuance (forfeiture) of restricted stock	1,243	2,236	(993)
Amortization of share-based compensation	10,714	7,743	2,971
Purchases of additional noncontrolling interest	(48,750)	(1,944)	(42,882)		(3,924)
Dividend declared and paid to noncontrolling interests	(40,027)	(40,027)
Other	77	77
Other comprehensive income	(129,672)	(21,079)			(108,593)
Balances at Dec. 31, 2014	(9,665,208)	$ 224,140	$ 2,101,632	$ (11,682,390)	$ (308,590)
Net income (loss)	(386,634)
Purchases of additional noncontrolling interest	(20,400)
Other comprehensive income	(82,491)
Balances at Mar. 31, 2015	$ (10,153,683)

Basis of Presentation

Basis of Presentation	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Basis of Presentation	NOTE 1 – BASIS OF PRESENTATION Preparation of Interim Financial Statements iHeartMedia Capital I, LLC (the “Company”) is the direct parent of iHeartCommunications, Inc., a Texas corporation (“iHeartCommunications” or the “Subsidiary Issuer”). The Company and certain of iHeartCommunications’ direct and indirect wholly-owned domestic subsidiaries fully and unconditionally guarantee on a joint and several basis certain of iHeartCommunications’ outstanding indebtedness. As permitted by the rules and regulations of the Securities and Exchange Commission (the “SEC”), the Company’s unaudited financial statements and related footnotes included in Item 1 of Part I of this Quarterly Report on Form 10-Q contain certain footnote disclosures regarding the financial information of the Company, iHeartCommunications and iHeartCommunications’ domestic wholly-owned subsidiaries that guarantee certain of iHeartCommunications’ outstanding indebtedness. All references in this Quarterly Report on Form 10-Q to “we,” “us” and “our” refer to iHeartMedia Capital I, LLC and its consolidated subsidiaries. Our reportable segments are iHeartMedia (“iHM”), Americas outdoor advertising (“Americas outdoor” or “Americas outdoor advertising”) and International outdoor advertising (“International outdoor” or “International outdoor advertising”). The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the SEC and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s 2014 Annual Report on Form 10-K. The consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20 percent to 50 percent of the voting common stock or otherwise exercises significant influence over operating and financial policies of the Company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. Certain prior-period amounts have been reclassified to conform to the 2015 presentation. During the first quarter of 2015, in connection with the appointment of the new chief executive officer for Clear Channel Outdoor Holdings, Inc. (“CCOH”) and a new chief executive officer for the Americas outdoor business, the Company reevaluated its segment reporting and determined that its Latin American operations should be managed by its Americas outdoor leadership team. As a result, the operations of Latin America are no longer reflected within the Company’s International outdoor segment and are included in the results of its Americas outdoor segment. In addition, the Company reorganized a portion of its national representation business such that the cost of sales personnel for iHM radio stations are now included in the iHM segment and its national representation business no longer charges iHM for intercompany cost allocations. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the Americas outdoor segment and has also recast the corresponding segment disclosures to reflect internal representation services as direct expenses of iHM. The Company is a limited liability company organized under Delaware law, with all of its interests being held by iHeartMedia Capital II, LLC, a direct, wholly-owned subsidiary of iHeartMedia, Inc. (“Parent”). Parent was formed in May 2007 by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsors”) for the purpose of acquiring the business of iHeartCommunications. Omission of Per Share Information Net loss per share information is not presented as iHeartMedia Capital II, LLC is the sole member of the Company and owns 100% of the limited liability company interests. The Company does not have any publicly traded common stock. New Accounting Pronouncements During the first quarter of 2015, the Company adopted the Financial Accounting Standards Board’s (“FASB”) ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity measurement and disclosure of discontinued operations. The amendments were effective for fiscal years (and interim periods within) beginning after December 15, 2014 and were to be applied retrospectively to all prior periods presented for such obligations that existed at the beginning of an entity’s fiscal year of adoption. The adoption of these standards did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES iHeartMedia Capital I, LLC (the “Company”) is the direct parent of iHeartCommunications, Inc., a Texas corporation (“iHeartCommunications” or the “Subsidiary Issuer”). The Company and certain of iHeartCommunications’ direct and indirect wholly-owned domestic subsidiaries fully and unconditionally guarantee on a joint and several basis certain of iHeartCommunications’ outstanding indebtedness. As permitted by the rules and regulations of the Securities and Exchange Commission (the “SEC”), the Company’s financial statements and related footnotes included throughout this prospectus contain certain footnote disclosures regarding the financial information of the Company, iHeartMedia, Inc. and iHeartCommunications’ domestic wholly-owned subsidiaries that guarantee certain of iHeartCommunications’ outstanding indebtedness. Nature of Business The Company is a limited liability company organized under Delaware law, with all of its interests being held by iHeartMedia Capital II, LLC, a direct, wholly owned subsidiary of iHeartMedia, Inc. (“Parent”). Parent was formed in May 2007 by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsors”) for the purpose of acquiring the business of iHeartCommunications. The acquisition was completed on July 30, 2008 pursuant to the Agreement and Plan of Merger, dated November 16, 2006, as amended on April 18, 2007, May 17, 2007 and May 13, 2008 (the “Merger Agreement”). iHeartCommunications is a wholly-owned subsidiary of the Company. Upon the consummation of the merger, Parent became a public company and iHeart was no longer a public company. Prior to the acquisition, the Company had not conducted any activities, other than activities incident to its formation and in connection with the acquisition, and did not have any assets or liabilities, other than as related to the acquisition. Subsequent to the acquisition, iHeartCommunications became a direct, wholly-owned subsidiary of the Company and the business of the Company became that of iHeartCommunications and its subsidiaries. As a result, all of the operations of the Company are conducted by iHeartCommunications. The Company’s reportable operating segments are iHeartMedia (“iHM”), Americas outdoor advertising (“Americas outdoor”), and International outdoor advertising (“International outdoor”). The iHM segment provides media and entertainment services via broadcast and digital delivery. The Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Included in the “Other” category are the Company’s media representation business, Katz Media Group, as well as other general support services and initiatives, which are ancillary to its other businesses. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates, judgments, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes including, but not limited to, legal, tax and insurance accruals. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20 percent to 50 percent of the voting common stock or otherwise exercises significant influence over operating and financial policies of the Company are accounted for using the equity method of accounting. All significant intercompany accounts have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the 2014 presentation. The Company is the beneficiary of two trusts created to comply with Federal Communications Commission (“FCC”) ownership rules. The radio stations owned by the trusts are managed by independent trustees. The trustees are marketing these stations for sale, and the stations will have to be sold unless any stations may be owned by the Company under then-current FCC rules, in which case the trusts will be terminated with respect to such stations. The trust agreements stipulate that the Company must fund any operating shortfalls of the trust activities, and any excess cash flow generated by the trusts is distributed to the Company. The Company is also the beneficiary of proceeds from the sale of stations held in the trusts. The Company consolidates the trusts in accordance with ASC 810-10, which requires an enterprise involved with variable interest entities to perform an analysis to determine whether the enterprise’s variable interest or interests give it a controlling financial interest in the variable interest entity, as the trusts were determined to be a variable interest entity and the Company is the primary beneficiary under the trusts. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less. Accounts Receivable Accounts receivable are recorded at the invoiced amount, net of reserves for sales returns and allowances, and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers. Business Combinations The Company accounts for its business combinations under the acquisition method of accounting. The total cost of an acquisition is allocated to the underlying identifiable net assets, based on their respective estimated fair values. The excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, asset lives and market multiples, among other items. Various acquisition agreements may include contingent purchase consideration based on performance requirements of the investee. The Company accounts for these payments in conformity with the provisions of ASC 805-20-30, which establish the requirements related to recognition of certain assets and liabilities arising from contingencies. Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method at rates that, in the opinion of management, are adequate to allocate the cost of such assets over their estimated useful lives, which are as follows: Buildings and improvements – 10 to 39 years Structures – 5 to 15 years Towers, transmitters and studio equipment – 7 to 20 years Furniture and other equipment – 3 to 20 years Leasehold improvements – shorter of economic life or lease term assuming renewal periods, if appropriate For assets associated with a lease or contract, the assets are depreciated at the shorter of the economic life or the lease or contract term, assuming renewal periods, if appropriate. Expenditures for maintenance and repairs are charged to operations as incurred, whereas expenditures for renewal and betterments are capitalized. The Company tests for possible impairment of property, plant, and equipment whenever events and circumstances indicate that depreciable assets might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. When specific assets are determined to be unrecoverable, the cost basis of the asset is reduced to reflect the current fair market value. Land Leases Most of the Company’s outdoor advertising structures are located on leased land. Americas outdoor land leases are typically paid in advance for periods ranging from one to 12 months. International outdoor land leases are paid both in advance and in arrears, for periods ranging from one to 12 months. Most international street furniture display faces are operated through contracts with municipalities for up to 20 years. The leased land and street furniture contracts often include a percent of revenue to be paid along with a base rent payment. Prepaid land leases are recorded as an asset and expensed ratably over the related rental term and rent payments in arrears are recorded as an accrued liability. Intangible Assets The Company’s indefinite-lived intangible assets include FCC broadcast licenses in its iHM segment and billboard permits in its Americas outdoor advertising segment. The Company’s indefinite-lived intangible assets are not subject to amortization, but are tested for impairment at least annually. The Company tests for possible impairment of indefinite-lived intangible assets whenever events or changes in circumstances, such as a significant reduction in operating cash flow or a dramatic change in the manner for which the asset is intended to be used indicate that the carrying amount of the asset may not be recoverable. The Company performs its annual impairment test for its FCC licenses and permits using a direct valuation technique as prescribed in ASC 805-20-S99. The Company engages Mesirow Financial Consulting LLC (“Mesirow Financial”), a third party valuation firm, to assist the Company in the development of these assumptions and the Company’s determination of the fair value of its FCC licenses and permits. Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets include primarily transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases, all of which are amortized over the respective lives of the agreements, or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company tests for possible impairment of other intangible assets whenever events and circumstances indicate that they might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. When specific assets are determined to be unrecoverable, the cost basis of the asset is reduced to reflect the current fair market value. Goodwill At least annually, the Company performs its impairment test for each reporting unit’s goodwill. The Company uses a discounted cash flow model to determine if the carrying value of the reporting unit, including goodwill, is less than the fair value of the reporting unit. The Company identified its reporting units in accordance with ASC 350-20-55. The U.S. radio markets are aggregated into a single reporting unit and the Company’s U.S. outdoor advertising markets are aggregated into a single reporting unit for purposes of the goodwill impairment test. The Company also determined that within its Americas outdoor segment, Canada constitutes a separate reporting unit and each country in its International outdoor segment constitutes a separate reporting unit. The Company had no impairment of goodwill in 2014. The Company recognized a non-cash impairment charge to goodwill of $10.7 million based on declining future cash flows expected in one country in the International outdoor segment for 2013. The Company had no impairment of goodwill for 2012. Nonconsolidated Affiliates In general, investments in which the Company owns 20 percent to 50 percent of the common stock or otherwise exercises significant influence over the investee are accounted for under the equity method. The Company does not recognize gains or losses upon the issuance of securities by any of its equity method investees. The Company reviews the value of equity method investments and records impairment charges in the statement of operations as a component of “Equity in earnings (loss) of nonconsolidated affiliates” for any decline in value that is determined to be other-than-temporary. Other Investments Other investments are composed primarily of equity securities. These securities are classified as available-for-sale or trading and are carried at fair value based on quoted market prices. Securities are carried at historical value when quoted market prices are unavailable. The net unrealized gains or losses on the available-for-sale securities, net of tax, are reported in accumulated other comprehensive loss as a component of member’s deficit. In addition, the Company holds investments that do not have quoted market prices. The Company periodically assesses the value of available-for-sale and non-marketable securities and records impairment charges in the statement of comprehensive loss for any decline in value that is determined to be other-than-temporary. The average cost method is used to compute the realized gains and losses on sales of equity securities. The Company periodically assesses the value of its available-for-sale securities. Based on these assessments, there were no impairments during the years ended December 31, 2014 and 2013. The Company concluded that other-than-temporary impairments existed at December 31, 2012 and recorded a noncash impairment charge of $4.6 million during the year ended December 31, 2012. Such charge is recorded on the statement of comprehensive loss in “Gain (Loss) on marketable securities”. Derivative Instruments and Hedging Activities Prior to the expiration of the Company’s interest rate swap agreement on September 30, 2013, the provisions of ASC 815-10 required the Company to recognize it as either an asset or liability in the consolidated balance sheet at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. The interest rate swap was designated and qualified as a hedging instrument, and was characterized as a cash flow hedge. The Company formally documented all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company formally assessed, both at inception and at least quarterly thereafter prior to expiration, whether the derivatives that were used in hedging transactions were highly effective in offsetting changes in either the fair value or cash flows of the hedged item. Financial Instruments Due to their short maturity, the carrying amounts of accounts and notes receivable, accounts payable, accrued liabilities, and short-term borrowings approximated their fair values at December 31, 2014 and 2013. Income Taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting bases and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax asset or liability is expected to be realized or settled. Deferred tax assets are reduced by valuation allowances if the Company believes it is more likely than not that some portion or the entire asset will not be realized. Generally all earnings from the Company’s foreign operations are permanently reinvested and not distributed. The Company has not provided U.S. federal income taxes for temporary differences with respect to investments in foreign subsidiaries, which at December 31, 2014 currently result in tax basis amounts greater than the financial reporting basis. It is not apparent that these unrecognized deferred tax assets will reverse in the foreseeable future. If any excess cash held by our foreign subsidiaries were needed to fund operations in the United States, we could presently repatriate available funds without a requirement to accrue or pay U.S. taxes. This is a result of significant current and historic deficits in our foreign earnings and profits, which gives us flexibility to make future cash distributions as non-taxable returns of capital. We regularly review our tax liabilities on amounts that may be distributed in future periods and provide for foreign withholding and other current and deferred taxes on any such amounts. The determination of the amount of federal income taxes, if any, that might become due in the event that our foreign earnings are distributed is not practicable. Revenue Recognition iHM revenue is recognized as advertisements or programs are broadcast and is generally billed monthly. Outdoor advertising contracts typically cover periods of a few weeks up to one year and are generally billed monthly. Revenue for outdoor advertising space rental is recognized ratably over the term of the contract. Advertising revenue is reported net of agency commissions. Agency commissions are calculated based on a stated percentage applied to gross billing revenue for the Company’s media and entertainment and outdoor operations. Payments received in advance of being earned are recorded as deferred income. Revenue arrangements may contain multiple products and services and revenues are allocated based on the relative fair value of each delivered item and recognized in accordance with the applicable revenue recognition criteria for the specific unit of accounting. Barter transactions represent the exchange of advertising spots or display space for merchandise, services or other assets. These transactions are recorded at the estimated fair market value of the advertising spots or display space or the fair value of the merchandise or services received, whichever is most readily determinable. Revenue is recognized on barter and trade transactions when the advertisements are broadcasted or displayed. Expenses are recorded ratably over a period that estimates when the merchandise, service or other assets received is utilized, or when the event occurs. Barter and trade revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively. Barter and trade revenues and expenses from continuing operations were as follows: (In millions) Years Ended December 31, 2014 2013 2012 Barter and trade revenues $ 69.4 $ 66.0 $ 56.5 Barter and trade expenses 68.1 58.5 58.8 Advertising Expense The Company records advertising expense as it is incurred. Advertising expenses were $103.0 million, $133.7 million and $113.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. Share-Based Compensation Under the fair value recognition provisions of ASC 718-10, share-based compensation cost is measured at the grant date based on the fair value of the award. For awards that vest based on service conditions, this cost is recognized as expense on a straight-line basis over the vesting period. For awards that will vest based on market or performance conditions, this cost will be recognized when it becomes probable that the performance conditions will be satisfied. Determining the fair value of share-based awards at the grant date requires assumptions and judgments about expected volatility and forfeiture rates, among other factors. The Company does not have any equity incentive plans under which it grants stock awards to employees. Employees of subsidiaries of the Company receive equity awards from Parent’s equity incentive plan or CCOH’s equity incentive plan. Foreign Currency Results of operations for foreign subsidiaries and foreign equity investees are translated into U.S. dollars using the average exchange rates during the year. The assets and liabilities of those subsidiaries and investees are translated into U.S. dollars using the exchange rates at the balance sheet date. The related translation adjustments are recorded in a separate component of member’s deficit, “Accumulated other comprehensive loss”. Foreign currency transaction gains and losses are included in operations. Recent Developments The Company reevaluated its segment reporting and determined that its Latin American operations should be managed by its Americas outdoor leadership team. As a result, the operations of Latin America are no longer reflected within the Company’s International outdoor segment and are included in the results of its Americas outdoor segment. In addition, the Company reorganized a portion of its national representation business such that the cost of sales personnel for iHM radio stations are now included in the iHM segment and its national representation business no longer charges iHM for intercompany cost allocations. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the Americas outdoor segment and has also recast the corresponding segment disclosures to reflect internal representation services as direct expenses of iHM. New Accounting Pronouncements During the first quarter of 2014, the Company adopted the Financial Accounting Standards Board’s (“FASB”) ASU No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date During the first quarter of 2014, the Company adopted the FASB’s ASU No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity of an Investment in a Foreign Entity During the first quarter of 2014, the Company adopted the FASB’s ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. During the second quarter of 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers During the third quarter of 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period

Property, Plant and Equipment,

Property, Plant and Equipment, Intangible Assets and Goodwill	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment, Intangible Assets and Goodwill	NOTE 2 – PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Dispositions During the first quarter 2015, the Company sold its executive office building and data and administrative service center located in San Antonio, TX in exchange for proceeds of $34.3 million. Concurrently with the sale of these properties, the Company entered into lease agreements for the continued use of the buildings, pursuant to which the Company will have annual lease payments of $2.6 million. The Company recognized a loss of $0.2 million on the sale of the executive office building, which was recognized on the date of sale and a gain of $8.1 million on the sale of the data and administrative service center, which will be recognized over the term of the lease. On April 3, 2015, the Company’s Parent and certain of the Company’s subsidiaries completed the first closing of the previously-announced agreement with an affiliate of Vertical Bridge Holdings, LLC, for the sale of 411 of the Company’s broadcast communications tower sites and related assets for up to $400 million. In connection with the first closing, the Company sold 367 of its tower sites and related assets in exchange for $369 million of proceeds. Simultaneous with the first closing, the Company entered into lease agreements for the continued use of the towers. Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets at March 31, 2015 and December 31, 2014, respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 698,642 $ 731,925 Structures 2,961,735 2,999,582 Towers, transmitters and studio equipment 457,517 453,044 Furniture and other equipment 544,002 536,255 Construction in progress 68,030 95,671 4,729,926 4,816,477 Less: accumulated depreciation 2,144,136 2,117,413 Other property, plant and equipment, net $ 2,585,790 $ 2,699,064 Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist of Federal Communications Commission (“FCC”) broadcast licenses in its iHM segment and billboard permits in its Americas outdoor advertising segment. Due to significant differences in both business practices and regulations, billboards in the International outdoor advertising segment and in Latin America are subject to long-term, finite contracts unlike the Company’s permits in the United States and Canada. Accordingly, there are no indefinite-lived intangible assets in the International outdoor advertising segment. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets include primarily transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases, all of which are amortized over the respective lives of the agreements, or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at March 31, 2015 and December 31, 2014, respectively: (In thousands) March 31, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Transit, street furniture and other outdoor contractual rights $ 666,821 $ (445,797 ) $ 716,723 $ (476,523 ) Customer / advertiser relationships 1,222,518 (800,930 ) 1,222,518 (765,596 ) Talent contracts 319,384 (231,083 ) 319,384 (223,936 ) Representation contracts 240,017 (211,229 ) 238,313 (206,338 ) Permanent easements 171,238 — 171,271 - Other 388,247 (177,705 ) 388,160 (177,249 ) Total $ 3,008,225 $ (1,866,744 ) $ 3,056,369 $ (1,849,642 ) Total amortization expense related to definite-lived intangible assets was $62.9 million and $66.9 million for the three months ended March 31, 2015 and 2014, respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2016 $ 222,529 2017 199,136 2018 126,019 2019 41,451 2020 35,217 Goodwill The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor International Other Consolidated Balance as of December 31, 2013 $ 3,234,807 $ 585,227 $ 264,907 $ 117,246 $ 4,202,187 Acquisitions 17,900 - - 299 18,199 Foreign currency - (653) (32,369) - (33,022) Other 60 - - - 60 Balance as of December 31, 2014 $ 3,252,767 $ 584,574 $ 232,538 $ 117,545 $ 4,187,424 Acquisitions - - - - - Foreign currency - (167) (16,625) - (16,792) Other - - - - - Balance as of March 31, 2015 $ 3,252,767 $ 584,407 $ 215,913 $ 117,545 $ 4,170,632	NOTE 2 – PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Acquisitions The Company is the beneficiary of Aloha Station Trust, LLC (the “Aloha Trust”), which owns and operates radio stations which the Aloha Trust is required to divest in order to comply with Federal Communication Commission (“FCC”) media ownership rules, and which are being marketed for sale. During 2014, the Aloha Trust completed a transaction in which it exchanged two radio stations for a portfolio of 29 radio stations. In this transaction the Company received 28 radio stations. One radio station was placed into the Brunswick Station Trust, LLC in order to comply with FCC media ownership rules where it is being marketed for sale, and the Company is the beneficiary of this trust. The exchange was accounted for at fair value in accordance with ASC 805, Business Combinations. The disposal of these radio stations resulted in a gain on sale of $43.5 million, which is included in other operating income, net. This acquisition resulted in an aggregate increase in net assets of $49.2 million, which includes $13.8 million in indefinite-lived intangible assets, $10.2 million in definite-lived intangibles, $8.1 million in property, plant and equipment and $0.8 million of assumed liabilities. In addition, the Company recognized $17.9 million of goodwill. During 2012, a wholly owned subsidiary of the Company completed the acquisition of WOR-AM in New York City for $30.0 million and WFNX-FM in Boston for $14.5 million. These acquisitions resulted in an aggregate increase of $5.3 million to property plant and equipment, $15.2 million to intangible assets and $24.7 million to goodwill, in addition to $0.7 million of assumed liabilities. Purchase accounting adjustments were finalized during 2013. Dispositions During 2013, the Company’s Americas outdoor segment divested certain outdoor advertising assets in Times Square for approximately $18.7 million resulting in a gain of $12.2 million. In addition, iHM exercised a put option to sell five radio stations in the Green Bay market for approximately $17.6 million, resulting in a gain of $0.5 million. These net gains are included in “Other operating income, net.” During 2012, the Company’s International outdoor segment sold its international neon business and its outdoor advertising business in Romania, resulting in an aggregate gain of $39.7 million included in “Other operating income, net.” Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets at December 31, 2014 and 2013, respectively. (In thousands) December 31, December 31, Land, buildings and improvements $ 731,925 $ 723,268 Structures 2,999,582 3,021,152 Towers, transmitters and studio equipment 453,044 440,612 Furniture and other equipment 536,255 473,995 Construction in progress 95,671 123,814 4,816,477 4,782,841 Less: accumulated depreciation 2,117,413 1,885,211 Property, plant and equipment, net $ 2,699,064 $ 2,897,630 The Company recorded an impairment charge related to property of $4.5 million during 2014. The Company recorded an impairment charge related to radio broadcast equipment in one market of $1.3 million based on a sales agreement entered into during the fourth quarter of 2013. The Company recognized an impairment charge for outdoor advertising structures in its Americas outdoor segment of $1.7 million during 2012. Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist of FCC broadcast licenses and billboard permits. FCC broadcast licenses are granted to radio stations for up to eight years under the Telecommunications Act of 1996 (the “Act”). The Act requires the FCC to renew a broadcast license if the FCC finds that the station has served the public interest, convenience and necessity, there have been no serious violations of either the Communications Act of 1934 or the FCC’s rules and regulations by the licensee, and there have been no other serious violations which taken together constitute a pattern of abuse. The licenses may be renewed indefinitely at little or no cost. The Company does not believe that the technology of wireless broadcasting will be replaced in the foreseeable future. The Company’s billboard permits are granted for the right to operate an advertising structure at the specified location as long as the structure is in compliance with the laws and regulations of each jurisdiction. The Company’s permits are located on owned land, leased land or land for which we have acquired permanent easements. In cases where the Company’s permits are located on leased land, the leases typically have initial terms of between 10 and 20 years and renew indefinitely, with rental payments generally escalating at an inflation-based index. If the Company loses its lease, the Company will typically obtain permission to relocate the permit or bank it with the municipality for future use. Due to significant differences in both business practices and regulations, billboards in the International outdoor segment are subject to long-term, finite contracts unlike the Company’s permits in the United States and Canada. Accordingly, there are no indefinite-lived intangible assets in the International outdoor segment. The impairment tests for indefinite-lived intangible assets consist of a comparison between the fair value of the indefinite-lived intangible asset at the market level with its carrying amount. If the carrying amount of the indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized equal to that excess. After an impairment loss is recognized, the adjusted carrying amount of the indefinite-lived asset is its new accounting basis. The fair value of the indefinite-lived asset is determined using the direct valuation method as prescribed in ASC 805-20-S99. Under the direct valuation method, the fair value of the indefinite-lived assets is calculated at the market level as prescribed by ASC 350-30-35. The Company engaged Mesirow Financial, a third-party valuation firm, to assist it in the development of the assumptions and the Company’s determination of the fair value of its indefinite-lived intangible assets. The application of the direct valuation method attempts to isolate the income that is properly attributable to the indefinite-lived intangible asset alone (that is, apart from tangible and identified intangible assets and goodwill). It is based upon modeling a hypothetical “greenfield” build-up to a “normalized” enterprise that, by design, lacks inherent goodwill and whose only other assets have essentially been paid for (or added) as part of the build-up process. The Company forecasts revenue, expenses, and cash flows over a ten-year period for each of its markets in its application of the direct valuation method. The Company also calculates a “normalized” residual year which represents the perpetual cash flows of each market. The residual year cash flow was capitalized to arrive at the terminal value of the licenses in each market. Under the direct valuation method, it is assumed that rather than acquiring indefinite-lived intangible assets as part of a going concern business, the buyer hypothetically develops indefinite-lived intangible assets and builds a new operation with similar attributes from scratch. Thus, the buyer incurs start-up costs during the build-up phase which are normally associated with going concern value. Initial capital costs are deducted from the discounted cash flow model which results in value that is directly attributable to the indefinite-lived intangible assets. The key assumptions using the direct valuation method are market revenue growth rates, market share, profit margin, duration and profile of the build-up period, estimated start-up capital costs and losses incurred during the build-up period, the risk-adjusted discount rate and terminal values. This data is populated using industry normalized information representing an average FCC license or billboard permit within a market. Annual Impairment Test to FCC Licenses and Billboard Permits The Company performs its annual impairment test on October 1 of each year. During 2014, the Company recognized a $15.7 million impairment charge related to FCC licenses in eleven markets due to changes in the revenue growth forecasts and margins for those markets. During 2013, the Company recognized a $2.0 million impairment charge related to FCC licenses in two markets due to changes in the discount rates and weight-average cost of capital for those markets. In addition, the Company recognized a $2.5 million impairment charge related to billboard permits in a certain market due to increased start-up costs for that market exceeding market value. During 2012, the Company recognized a $35.9 million impairment charge related to billboard permits in certain markets due to a change in the Company’s forecast of revenue growth within the markets. There was no impairment of FCC licenses during 2012. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets include primarily transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases, all of which are amortized over the respective lives of the agreements, or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. During 2014, the Company recognized a $3.4 million impairment charge to easements in three markets primarily due to declining revenue forecasts. There were no impairments of other intangible assets for the years ended December 31, 2013 and 2012. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at December 31, 2014 and 2013, respectively: (In thousands) December 31, 2014 December 31, 2013 Gross Carrying Accumulated Gross Carrying Accumulated Transit, street furniture and other outdoor contractual rights $ 716,723 $(476,523) $ 777,521 $(464,548) Customer / advertiser relationships 1,222,518 (765,596) 1,212,745 (645,988) Talent contracts 319,384 (223,936) 319,617 (195,403) Representation contracts 238,313 (206,338) 252,961 (200,058) Permanent easements 171,271 - 173,753 - Other 388,160 (177,249) 387,405 (151,459) Total $ 3,056,369 $(1,849,642) $ 3,124,002 $(1,657,456) Total amortization expense related to definite-lived intangible assets was $263.4 million, $289.0 million and $300.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2015 $ 236,019 2016 219,485 2017 197,061 2018 127,730 2019 42,274 Annual Impairment Test to Goodwill The Company performs its annual impairment test on October 1 of each year. Each of the Company’s U.S. radio markets and outdoor advertising markets are components. The U.S. radio markets are aggregated into a single reporting unit and the U.S. outdoor advertising markets are aggregated into a single reporting unit for purposes of the goodwill impairment test using the guidance in ASC 350-20-55. The Company also determined that within its Americas outdoor and International outdoor segments each country constitutes a separate reporting unit. The goodwill impairment test is a two-step process. The first step, used to screen for potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If applicable, the second step, used to measure the amount of the impairment loss, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Each of the Company’s reporting units is valued using a discounted cash flow model which requires estimating future cash flows expected to be generated from the reporting unit, discounted to their present value using a risk-adjusted discount rate. Terminal values were also estimated and discounted to their present value. Assessing the recoverability of goodwill requires the Company to make estimates and assumptions about sales, operating margins, growth rates and discount rates based on its budgets, business plans, economic projections, anticipated future cash flows and marketplace data. There are inherent uncertainties related to these factors and management’s judgment in applying these factors. In 2014, the Company concluded no goodwill impairment was required. In 2013, the Company concluded no goodwill impairment was required for iHM and Americas outdoor. Based on declining future cash flows expected in one country in the International outdoor segment, the Company recognized a non-cash impairment charge to goodwill of $10.7 million. The Company recognized no goodwill impairment for the year ended December 31, 2012. The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor International Other Consolidated Balance as of December 31, 2012 $ 3,236,688 $ 585,307 $ 276,941 $ 117,149 $ 4,216,085 Impairment - - (10,684) - (10,684) Acquisitions - - - 97 97 Dispositions - - (456) - (456) Foreign currency - (80) (894) - (974) Other (1,881) - - - (1,881) Balance as of December 31, 2013 $ 3,234,807 $ 585,227 $ 264,907 $ 117,246 $ 4,202,187 Acquisitions 17,900 - - 299 18,199 Foreign currency - (653) (32,369) - (33,022) Other 60 - - - 60 Balance as of December 31, 2014 $ 3,252,767 $ 584,574 $ 232,538 $ 117,545 $ 4,187,424 The balance at December 31, 2012 is net of cumulative impairments of $3.5 billion, $2.7 billion, $250.5 million and $212.0 million in the Company’s iHM, Americas outdoor, International outdoor and Other segments, respectively.

Long-Term Debt

Long-Term Debt	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Long-Term Debt	NOTE 3 – LONG-TERM DEBT Long-term debt at March 31, 2015 and December 31, 2014 consisted of the following: (In thousands) March 31, 2015 December 31, 2014 Senior Secured Credit Facilities (1) $ 6,300,000 $ 7,231,222 Receivables Based Credit Facility Due 2017 120,000 - 9.0% Priority Guarantee Notes Due 2019 1,999,815 1,999,815 9.0% Priority Guarantee Notes Due 2021 1,750,000 1,750,000 11.25% Priority Guarantee Notes Due 2021 575,000 575,000 9.0% Priority Guarantee Notes Due 2022 1,000,000 1,000,000 10.625% Priority Guarantee Notes Due 2023 950,000 - Subsidiary Revolving Credit Facility Due 2018 - - Other Secured Subsidiary Debt (2) 16,729 19,257 Total Consolidated Secured Debt 12,711,544 12,575,294 14.0% Senior Notes Due 2021 1,678,314 1,661,697 iHeartCommunications Legacy Notes (3) 667,900 667,900 10.0% Senior Notes Due 2018 730,000 730,000 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Other Subsidiary Debt 467 1,024 Purchase accounting adjustments and original issue discount (227,186) (234,897) Total debt 20,486,039 20,326,018 Less: current portion 2,844 3,604 Total long-term debt $ 20,483,195 $ 20,322,414 (1) Term Loan D and Term Loan E mature in 2019. (2) Other secured subsidiary debt matures at various dates from 2015 through 2025. (3) iHeartCommunications’ Legacy Notes, all of which were issued prior to the acquisition by iHeartMedia, Inc., consist of Senior Notes maturing at various dates from 2016 through 2027. The Company’s weighted average interest rates at March 31, 2015 and December 31, 2014 were 8.4% and 8.1%, respectively. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $20.0 billion and $19.7 billion at March 31, 2015 and December 31, 2014, respectively. Under the fair value hierarchy established by ASC 820-10-35, the market value of the Company’s debt is classified as either Level 1 or Level 2. Debt Issuance On February 26, 2015, iHeartCommunications issued at par $950.0 million aggregate principal amount of 10.625% Priority Guarantee Notes due 2023. The notes mature on March 15, 2023 and bear interest at a rate of 10.625% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2015. iHeartCommunications used the net proceeds from the offering primarily to prepay its Senior Secured Credit Facilities due 2016. During the first quarter of 2015, iHeartCommunications borrowed $120.0 million principal amount under its Receivables Based Credit Facility due 2017 and used the borrowings therefrom for general corporate purposes. Debt Repayments, Maturities, and Other On February 26, 2015, iHeartCommunications prepaid at par $916.1 million of loans outstanding under its Term Loan B facility and $15.2 million of loans outstanding under its Term Loan C asset sale facility, using the net proceeds of the Priority Guarantee Notes due 2023 issued on such date. Guarantees As of March 31, 2015, iHeartCommunications had outstanding surety bonds, commercial standby letters of credit, and bank guarantees of $45.9 million, $115.5 million and $49.5 million, respectively. Bank guarantees of $12.4 million were cash secured. These surety bonds, letters of credit and bank guarantees relate to various operational matters including insurance, bid, concession and performance bonds as well as other items.	NOTE 5 – LONG-TERM DEBT Long-term debt at December 31, 2014 and 2013 consisted of the following: (In thousands) December 31, 2014 December 31, 2013 Senior Secured Credit Facilities 7,231,222 8,225,754 Receivables Based Facility Due 2017 - 247,000 Priority Guarantee Notes 5,324,815 4,324,815 Subsidiary Revolving Credit Facility Due 2018 - - Other Secured Subsidiary Debt 19,257 21,124 Total Consolidated Secured Debt 12,575,294 12,818,693 10.75% Senior Cash Pay Notes Due 2016 - 94,304 11.00%/11.75% Senior Toggle Notes Due 2016 - 127,941 14.0% Senior Notes Due 2021 1,661,697 1,404,202 iHeartCommunications Legacy Notes 667,900 1,436,455 10.0% Senior Notes Due 2018 730,000 - Subsidiary Senior Notes 4,925,000 4,925,000 Other Subsidiary Debt 1,024 10 Purchase accounting adjustments and original issue discount (234,897) (322,392) 20,326,018 20,484,213 Less: current portion 3,604 453,734 Total long-term debt $ 20,322,414 $ 20,030,479 The Company’s weighted average interest rates at December 31, 2014 and 2013 were 8.1% and 7.6%, respectively. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $19.7 billion and $20.5 billion at December 31, 2014 and 2013, respectively. Under the fair value hierarchy established by ASC 820-10-35, the fair market value of the Company’s debt is classified as either Level 1 or Level 2. Senior Secured Credit Facilities As of December 31, 2014, iHeartCommunications had senior secured credit facilities consisting of: (In thousands) Maturity December 31, December 31, Term Loan B 1/29/2016 $ 916,061 1,890,978 Term Loan C 1/29/2016 15,161 34,776 Term Loan D 1/30/2019 5,000,000 5,000,000 Term Loan E 7/30/2019 1,300,000 1,300,000 Total Senior Secured Credit Facilities $ 7,231,222 $ 8,225,754 iHeartCommunications is the primary borrower under the senior secured credit facilities, except that certain of its domestic restricted subsidiaries are co-borrowers under a portion of the term loan facilities. Interest Rate and Fees Borrowings under iHeartCommunications’ senior secured credit facilities bear interest at a rate equal to an applicable margin plus, at iHeartCommunications’ option, either (i) a base rate determined by reference to the higher of (A) the prime lending rate publicly announced by the administrative agent or (B) the Federal funds effective rate from time to time plus 0.50%, or (ii) a Eurocurrency rate determined by reference to the costs of funds for deposits for the interest period relevant to such borrowing adjusted for certain additional costs. The margin percentages applicable to the term loan facilities are the following percentages per annum: • with respect to loans under the Term Loan B and Term Loan C – asset sale facility, (i) 2.65%, in the case of base rate loans and (ii) 3.65%, in the case of Eurocurrency rate loans; and • with respect to loans under the Term Loan D, (i) 5.75% in the case of base rate loans and (ii) 6.75% in the case of Eurocurrency rate loans; and • with respect to loans under the Term Loan E, (i) 6.50% in the case of base rate loans and (ii) 7.50% in the case of Eurocurrency rate loans. The margin percentages are subject to adjustment based upon iHeartCommunications’ leverage ratio. Collateral and Guarantees The senior secured credit facilities are guaranteed by iHeartCommunications and each of iHeartCommunications’ existing and future material wholly-owned domestic restricted subsidiaries, subject to certain exceptions. All obligations under the senior secured credit facilities, and the guarantees of those obligations, are secured, subject to permitted liens, including prior liens permitted by the indenture governing the iHeartCommunications senior notes, and other exceptions, by: • a lien on the capital stock of iHeartCommunications; • 100% of the capital stock of any future material wholly-owned domestic license subsidiary that is not a “Restricted Subsidiary” under the indenture governing the iHeartCommunications senior notes; • certain assets that do not constitute “principal property” (as defined in the indenture governing the iHeartCommunications senior notes); • certain specified assets of iHeartCommunications and the guarantors that constitute “principal property” (as defined in the indenture governing the iHeartCommunications senior notes) securing obligations under the senior secured credit facilities up to the maximum amount permitted to be secured by such assets without requiring equal and ratable security under the indenture governing the iHeartCommunications senior notes; and • a lien on the accounts receivable and related assets securing iHeartCommunications’ receivables based credit facility that is junior to the lien securing iHeartCommunications’ obligations under such credit facility. Certain Covenants and Events of Default The senior secured credit facilities include negative covenants that, subject to significant exceptions, limit iHeartCommunications’ ability and the ability of its restricted subsidiaries to, among other things: • incur additional indebtedness; • create liens on assets; • engage in mergers, consolidations, liquidations and dissolutions; • sell assets; • pay dividends and distributions or repurchase iHeartCommunications’ capital stock; • make investments, loans, or advances; • prepay certain junior indebtedness; • engage in certain transactions with affiliates; • amend material agreements governing certain junior indebtedness; and • change lines of business. Receivables Based Credit Facility As of December 31, 2014, there were no borrowings outstanding under iHeartCommunications’ receivables based credit facility. The receivables based credit facility provides revolving credit commitments of $535.0 million, subject to a borrowing base. The borrowing base at any time equals 90% of the eligible accounts receivable of iHeartCommunications and certain of its subsidiaries. The receivables based credit facility includes a letter of credit sub-facility and a swingline loan sub-facility. iHeartCommunications and certain subsidiary borrowers are the borrowers under the receivables based credit facility. iHeartCommunications has the ability to designate one or more of its restricted subsidiaries as borrowers under the receivables based credit facility. The receivables based credit facility loans are available in U.S. dollars and letters of credit are available in a variety of currencies including U.S. dollars, Euros, Pounds Sterling, and Canadian dollars. Interest Rate and Fees Borrowings under the receivables based credit facility bear interest at a rate per annum equal to an applicable margin plus, at iHeartCommunications’ option, either (i) a base rate determined by reference to the highest of (a) the prime rate of Citibank, N.A. and (b) the Federal Funds rate plus 0.50% or (ii) a Eurocurrency rate determined by reference to the rate (adjusted for statutory reserve requirements for Eurocurrency liabilities) for Eurodollar deposits for the interest period relevant to such borrowing. The applicable margin for borrowings under the receivables based credit facility ranges from 1.50% to 2.00% for Eurocurrency borrowings and from 0.50% to 1.00% for base-rate borrowings, depending on average daily excess availability under the receivables based credit facility during the prior fiscal quarter. In addition to paying interest on outstanding principal under the receivables based credit facility, iHeartCommunications is required to pay a commitment fee to the lenders under the receivables based credit facility in respect of the unutilized commitments thereunder. The commitment fee rate ranges from 0.25% to 0.375% per annum dependent upon average unused commitments during the prior quarter. iHeartCommunications must also pay customary letter of credit fees. Maturity Borrowings under the receivables based credit facility will mature, and lending commitments thereunder will terminate, on the fifth anniversary of the effectiveness of the receivables based credit facility (December 24, 2017), provided that, (a) the maturity date will be October 31, 2015 if on October 30, 2015, greater than $500.0 million in aggregate principal amount is owing under certain of iHeartCommunications’ term loan credit facilities, (b) the maturity date will be May 3, 2016 if on May 2, 2016 greater than $500.0 million aggregate principal amount of iHeartCommunications’ 10.75% senior cash pay notes due 2016 and 11.00%/11.75% senior toggle notes due 2016 are outstanding and (c) in the case of any debt under clauses (a) and (b) that is amended or refinanced in any manner that extends the maturity date of such debt to a date that is on or before the date that is five years after the effectiveness of the receivables based credit facility, the maturity date will be one day prior to the maturity date of such debt after giving effect to such amendment or refinancing if greater than $500,000,000 in aggregate principal amount of such debt is outstanding. Guarantees and Security The facility is guaranteed by, subject to certain exceptions, the guarantors of iHeartCommunications’ senior secured credit facilities. All obligations under the receivables based credit facility, and the guarantees of those obligations, are secured by a perfected security interest in all of iHeartCommunications’ and all of the guarantors’ accounts receivable and related assets and proceeds thereof that is senior to the security interest of iHeartCommunications’ senior secured credit facilities in such accounts receivable and related assets and proceeds thereof, subject to permitted liens, including prior liens permitted by the indenture governing certain of iHeartCommunications’ Legacy Notes, and certain exceptions. Certain Covenants and Events of Default The receivables based credit facility includes negative covenants that, subject to significant exceptions, limit iHeartCommunications’ ability and the ability of its restricted subsidiaries to, among other things: • incur additional indebtedness; • create liens on assets; • engage in mergers, consolidations, liquidations and dissolutions; • sell assets; • pay dividends and distributions or repurchase capital stock; • make investments, loans, or advances; • prepay certain junior indebtedness; • engage in certain transactions with affiliates; • amend material agreements governing certain junior indebtedness; and • change lines of business. Priority Guarantee Notes As of December 31, 2014, iHeartCommunications had outstanding Priority Guarantee Notes consisting of: (In thousands) Maturity Date Interest Rate Interest Payment Terms December 31, December 31, 9.0% Priority Guarantee Notes due 2019 12/15/2019 9.0% Payable semi-annually in arrears on June 15 and December 15 of each year $ 1,999,815 1,999,815 9.0% Priority Guarantee Notes due 2021 3/1/2021 9.0% Payable semi-annually in arrears on March 1 and September 1 of each year 1,750,000 1,750,000 11.25% Priority Guarantee Notes due 2021 3/1/2021 11.25% Payable semi-annually on March 1 and September 1 of each year 575,000 575,000 9.0% Priority Guarantee Notes due 2022 9/15/2022 9.0% Payable semi-annually in arrears on March 15 and September 15 of each year 1,000,000 - Total Priority Guarantee Notes $ 5,324,815 4,324,815 Guarantees and Security The Priority Guarantee Notes are iHeartCommunications’ senior obligations and are fully and unconditionally guaranteed, jointly and severally, on a senior basis by the guarantors named in the indentures. The Priority Guarantee Notes and the guarantors’ obligations under the guarantees are secured by (i) a lien on (a) the capital stock of iHeartCommunications and (b) certain property and related assets that do not constitute “principal property,” in each case equal in priority to the liens securing the obligations under iHeartCommunications’ senior secured credit facilities and (ii) a lien on the accounts receivable and related assets securing iHeartCommunications’ receivables based credit facility junior in priority to the lien securing iHeartCommunications’ obligations thereunder, subject to certain exceptions. In addition to the collateral granted to secure the Priority Guarantee Notes due 2019, the collateral agent and the trustee for the Priority Guarantee Notes due 2019 entered into an agreement with the administrative agent for the lenders under the senior secured credit facilities to turn over to the trustee under the Priority Guarantee Notes due 2019, for the benefit of the holders of the Priority Guarantee Notes due 2019, a pro rata share of any recovery received on account of the principal properties, subject to certain terms and conditions. Redemptions iHeartCommunications may redeem the Priority Guarantee Notes at its option, in whole or part, at redemption prices set forth in the indentures, plus accrued and unpaid interest to the redemption dates plus applicable premiums. Certain Covenants The indentures governing the Priority Guarantee Notes contain covenants that limit iHeartCommunications’ ability and the ability of its restricted subsidiaries to, among other things: (i) pay dividends, redeem stock or make other distributions or investments; (ii) incur additional debt or issue certain preferred stock; (iii) modify any of iHeartCommunications’ existing senior notes; (iv) transfer or sell assets; (v) engage in certain transactions with affiliates; (vi) create restrictions on dividends or other payments by the restricted subsidiaries; and (vii) merge, consolidate or sell substantially all of iHeartCommunications’ assets. The indentures contain covenants that limit the Company’s and iHeartCommunications’ ability and the ability of its restricted subsidiaries to, among other things: (i) create liens on assets and (ii) materially impair the value of the security interests taken with respect to the collateral for the benefit of the notes collateral agent and the holders of the Priority Guarantee Notes. The indentures also provide for customary events of default. Subsidiary Senior Revolving Credit Facility Due 2018 During the third quarter of 2013, CCOH entered into a five-year senior secured revolving credit facility with an aggregate principal amount of $75.0 million. The revolving credit facility may be used for working capital needs, to issue letters of credit and for other general corporate purposes. At December 31, 2014, there were no amounts outstanding under the revolving credit facility, and $62.2 million of letters of credit under the revolving credit facility, which reduce availability under the facility. Senior Cash Pay Notes and Senior Toggle Notes As of December 31, 2014, iHeartCommunications had no principal amounts outstanding of 10.75% senior cash pay notes due 2016 and 11.00%/11.75% senior toggle notes due 2016. In August 2014, iHeartCommunications fully redeemed the remaining notes with proceeds from the issuance of 14.0% Senior Notes due 2021. 14.0% Senior Notes due 2021 As of December 31, 2014, iHeartCommunications had outstanding approximately $1.66 billion of aggregate principal amount of 14.0% Senior Notes due 2021 (net of $423.4 million principal amount issued to, and held by, a subsidiary of iHeartCommunications). The Senior Notes due 2021 mature on February 1, 2021. Interest on the Senior Notes due 2021 is payable semi-annually on February 1 and August 1 of each year, which began on August 1, 2013. Interest on the Senior Notes due 2021 will be paid at the rate of (i) 12.0% per annum in cash and (ii) 2.0% per annum through the issuance of payment-in-kind notes (the “PIK Notes”). Any PIK Notes issued in certificated form will be dated as of the applicable interest payment date and will bear interest from and after such date. All PIK Notes issued will mature on February 1, 2021 and have the same rights and benefits as the Senior Notes due 2021. The Senior Notes due 2021 are fully and unconditionally guaranteed on a senior basis by the guarantors named in the indenture governing such notes. The guarantee is structurally subordinated to all existing and future indebtedness and other liabilities of any subsidiary of the applicable subsidiary guarantor that is not also a guarantor of the Senior Notes due 2021. The guarantees are subordinated to the guarantees of iHeartCommunications’ senior secured credit facility and certain other permitted debt, but rank equal to all other senior indebtedness of the guarantors. iHeartCommunications may redeem the Senior Notes due 2021, in whole or in part, within certain dates, at the redemption prices set forth in the indenture plus accrued and unpaid interest to the redemption date. The indenture governing the Senior Notes due 2021 contains covenants that limit iHeartCommunications’ ability and the ability of its restricted subsidiaries to, among other things: (i) incur additional indebtedness or issue certain preferred stock; (ii) pay dividends on, or make distributions in respect of, their capital stock or repurchase their capital stock; (iii) make certain investments or other restricted payments; (iv) sell certain assets; (v) create liens or use assets as security in other transactions; (vi) merge, consolidate or transfer or dispose of substantially all of their assets; (vii) engage in transactions with affiliates; and (viii) designate their subsidiaries as unrestricted subsidiaries. iHeartCommunications Legacy Notes As of December 31, 2014, iHeartCommunications had outstanding senior notes (net of $57.1 million aggregate principal amount held by a subsidary of iHeartCommunications) consisting of: (In thousands) December 31, December 31, 5.5% Senior Notes Due 2014 $ - 461,455 4.9% Senior Notes Due 2015 - 250,000 5.5% Senior Notes Due 2016 192,900 250,000 6.875% Senior Notes Due 2018 175,000 175,000 7.25% Senior Notes Due 2027 300,000 300,000 Total Legacy Notes $ 667,900 1,436,455 These senior notes were the obligations of iHeartCommunications prior to the merger. The senior notes are senior, unsecured obligations that are effectively subordinated to iHeartCommunications’ secured indebtedness to the extent of the value of iHeartCommunications’ assets securing such indebtedness and are not guaranteed by any of iHeartCommunications’ subsidiaries and, as a result, are structurally subordinated to all indebtedness and other liabilities of iHeartCommunications’ subsidiaries. The senior notes rank equally in right of payment with all of iHeartCommunications’ existing and future senior indebtedness and senior in right of payment to all existing and future subordinated indebtedness. 10.0% Senior Notes due 2018 As of December 31, 2014, iHeartCommunications had outstanding $730.0 million aggregate principal amount of senior notes due 2018 (net of $120.0 million aggregate principal amount held by a subsidiary of iHeartCommunications). The senior notes due 2018 mature on January 15, 2018 and bear interest at a rate of 10.0% per annum, payable semi-annually on January 15 and July 15 of each year, which began on July 15, 2014. The senior notes due 2018 are senior, unsecured obligations that are effectively subordinated to iHeartCommunications’ secured indebtedness to the extent of the value of iHeartCommunications’ assets securing such indebtedness and are not guaranteed by any of iHeartCommunications’ subsidiaries and, as a result, are structurally subordinated to all indebtedness and other liabilities of iHeartCommunications’ subsidiaries. The senior notes due 2018 rank equally in right of payment with all of iHeartCommunications’ existing and future senior indebtedness and senior in right of payment to all existing and future subordinated indebtedness. Subsidiary Senior Notes As of December 31, 2014, the Company’s subsidiary, Clear Channel Worldwide Holdings, Inc. (“CCWH”) had outstanding notes consisting of: (In thousands) Maturity Date Interest Rate Interest Payment Terms December 31, December 31, CCWH Senior Notes: 6.5% Series A Senior Notes Due 2022 11/15/2022 6.5% Payable to the trustee weekly in arrears and to the noteholders on May 15 and November 15 of each year $ 735,750 735,750 6.5% Series B Senior Notes Due 2022 11/15/2022 6.5% Payable to the trustee weekly in arrears and to the noteholders on May 15 and November 15 of each year 1,989,250 1,989,250 CCWH Senior Subordinated Notes: 7.625% Series A Senior Notes Due 2020 3/15/2020 7.625% Payable to the trustee weekly in arrears and to the noteholders on March 15 and September 15 of each year 275,000 275,000 7.625% Series B Senior Notes Due 2020 3/15/2020 7.625% Payable to the trustee weekly in arrears and to the noteholders on March 15 and September 15 of each year 1,925,000 1,925,000 Total CCWH Notes $ 4,925,000 4,925,000 Guarantees and Security The CCWH Senior Notes are guaranteed by CCOH, Clear Channel Outdoor, Inc. (“CCOI”) and certain of CCOH’s direct and indirect subsidiaries. The CCWH Senior Subordinated Notes are fully and unconditionally guaranteed, jointly and severally, on a senior subordinated basis by CCOH, CCOI and certain of CCOH’s other domestic subsidiaries and rank junior to each guarantor’s existing and future senior debt, including the CCWH Senior Notes, equally with each guarantor’s existing and future senior subordinated debt and ahead of each guarantor’s existing and future debt that expressly provides that it is subordinated to the guarantees of the CCWH Senior Subordinated Notes. The CCWH Senior Notes are senior obligations that rank pari passu in right of payment to all unsubordinated indebtedness of CCWH and the guarantees of the CCWH Senior Notes rank pari passu in right of payment to all unsubordinated indebtedness of the guarantors. The CCWH Senior Subordinated Notes are unsecured senior subordinated obligations that rank junior to all of CCWH’s existing and future senior debt, including the CCWH Senior Notes, equally with any of CCWH’s existing and future senior subordinated debt and ahead of all of CCWH’s existing and future debt that expressly provides that it is subordinated to the CCWH Subordinated Notes. Redemptions CCWH may redeem the Subsidiary Senior Notes at its option, in whole or part, at redemption prices set forth in the indentures plus accrued and unpaid interest to the redemption dates and plus an applicable premium. Certain Covenants The indentures governing the Subsidiary Senior Notes contain covenants that limit CCOH and its restricted subsidiaries ability to, among other things: • incur or guarantee additional debt or issue certain preferred stock; • in case of the Senior Notes, create liens on its restricted subsidiaries’ assets to secure such debt; • create restrictions on the payment of dividends or other amounts; • enter into certain transactions with affiliates; • merge or consolidate with another person, or sell or otherwise dispose of all or substantially all of its assets; and • sell certain assets, including capital stock of its subsidiaries. Future Maturities of Long-term Debt Future maturities of long-term debt at December 31, 2014 are as follows: (in thousands) 2015 $ 3,604 2016 1,126,920 2017 8,208 2018 909,272 2019 8,300,043 Thereafter 10,212,868 Total (1) $ 20,560,915 (1) Excludes purchase accounting adjustments and original issue discount of $234.9 million, which is amortized through interest expense over the life of the underlying debt obligations.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Commitments and Contingencies	NOTE 4 – COMMITMENTS AND CONTINGENCIES The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of the Company’s strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company’s litigation arises in the following contexts: commercial disputes; defamation matters; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. Los Angeles Litigation In 2008, Summit Media, LLC, one of the Company’s competitors, sued the City of Los Angeles (the “City”), Clear Channel Outdoor, Inc. and OUTFRONT Media Inc. (formerly CBS Outdoor Americas Inc.) in Los Angeles Superior Court (Case No. BS116611) challenging the validity of a settlement agreement that had been entered into in November 2006 among the parties and pursuant to which Clear Channel Outdoor, Inc. had taken down existing billboards and converted 83 existing signs from static displays to digital displays. In 2009 the Los Angeles Superior Court ruled that the settlement agreement constituted an ultra vires act of the City, and nullified its existence. After further proceedings, on April 12, 2013 the Los Angeles Superior Court invalidated 82 digital modernization permits issued to Clear Channel Outdoor, Inc. (77 of which displays were operating at the time of the ruling), and Clear Channel Outdoor, Inc. was required to turn off the electrical power to all affected digital displays on April 15, 2013. The digital display structures remain intact but digital displays are currently prohibited in the City. Clear Channel Outdoor, Inc. is seeking permits under the existing City sign code to either wrap the LED faces with vinyl or convert the LED faces to traditional static signs, and has obtained a number of such permits. Clear Channel Outdoor, Inc. is also pursuing a new ordinance to permit digital signage in the City.	NOTE 7 – COMMITMENTS AND CONTINGENCIES The Company accounts for its rentals that include renewal options, annual rent escalation clauses, minimum franchise payments and maintenance related to displays under the guidance in ASC 840. The Company considers its non-cancelable contracts that enable it to display advertising on buses, bus shelters, trains, etc. to be leases in accordance with the guidance in ASC 840-10. These contracts may contain minimum annual franchise payments which generally escalate each year. The Company accounts for these minimum franchise payments on a straight-line basis. If the rental increases are not scheduled in the lease, such as an increase based on subsequent changes in the index or rate, those rents are considered contingent rentals and are recorded as expense when accruable. Other contracts may contain a variable rent component based on revenue. The Company accounts for these variable components as contingent rentals and records these payments as expense when accruable. No single contract or lease is material to the Company’s operations. The Company accounts for annual rent escalation clauses included in the lease term on a straight-line basis under the guidance in ASC 840-20-25. The Company considers renewal periods in determining its lease terms if at inception of the lease there is reasonable assurance the lease will be renewed. Expenditures for maintenance are charged to operations as incurred, whereas expenditures for renewal and betterments are capitalized. The Company leases office space, certain broadcasting facilities, equipment and the majority of the land occupied by its outdoor advertising structures under long-term operating leases. The Company accounts for these leases in accordance with the policies described above. The Company’s contracts with municipal bodies or private companies relating to street furniture, billboards, transit and malls generally require the Company to build bus stops, kiosks and other public amenities or advertising structures during the term of the contract. The Company owns these structures and is generally allowed to advertise on them for the remaining term of the contract. Once the Company has built the structure, the cost is capitalized and expensed over the shorter of the economic life of the asset or the remaining life of the contract. In addition, the Company has commitments relating to required purchases of property, plant and equipment under certain street furniture contracts. Certain of the Company’s contracts contain penalties for not fulfilling its commitments related to its obligations to build bus stops, kiosks and other public amenities or advertising structures. Historically, any such penalties have not materially impacted the Company’s financial position or results of operations. Certain acquisition agreements include deferred consideration payments based on performance requirements by the seller typically involving the completion of a development or obtaining appropriate permits that enable the Company to construct additional advertising displays. At December 31, 2014, the Company believes its maximum aggregate contingency, which is subject to performance requirements by the seller, is approximately $30.0 million. As the contingencies have not been met or resolved as of December 31, 2014, these amounts are not recorded. As of December 31, 2014, the Company’s future minimum rental commitments under non-cancelable operating lease agreements with terms in excess of one year, minimum payments under non-cancelable contracts in excess of one year, capital expenditure commitments and employment/talent contracts consist of the following: (In thousands) Capital Non-Cancelable Non-Cancelable Expenditure Employment/Talent 2015 $ 435,118 $ 593,123 $ 55,968 $ 80,442 2016 347,487 437,022 70,385 75,760 2017 302,876 262,368 67,053 31,673 2018 269,697 240,128 922 11,069 2019 243,096 171,562 757 - Thereafter 1,325,171 336,120 14,402 - Total $ 2,923,445 $ 2,040,323 $ 209,487 $ 198,944 Rent expense charged to operations for the years ended December 31, 2014, 2013 and 2012 was $1.17 billion, $1.16 billion and $1.14 billion, respectively. In various areas in which the Company operates, outdoor advertising is the object of restrictive and, in some cases, prohibitive zoning and other regulatory provisions, either enacted or proposed. The impact to the Company of loss of displays due to governmental action has been somewhat mitigated by Federal and state laws mandating compensation for such loss and constitutional restraints. The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of its strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of its litigation arises in the following contexts: commercial disputes; defamation matters; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. Los Angeles Litigation In 2008, Summit Media, LLC, one of the Company’s competitors, sued the City of Los Angeles (the “City”), Clear Channel Outdoor, Inc. and CBS Outdoor in Los Angeles Superior Court (Case No. BS116611) challenging the validity of a settlement agreement that had been entered into in November 2006 among the parties and pursuant to which Clear Channel Outdoor, Inc. had taken down existing billboards and converted 83 existing signs from static displays to digital displays. In 2009 the Los Angeles Superior Court ruled that the settlement agreement constituted an ultra vires act of the City, and nullified its existence. After further proceedings, on April 12, 2013 the Los Angeles Superior Court invalidated 82 digital modernization permits issued to Clear Channel Outdoor, Inc. (77 of which displays were operating at the time of the ruling), and Clear Channel Outdoor, Inc. was required to turn off the electrical power to all affected digital displays on April 15, 2013. The digital display structures remain intact but digital displays are currently prohibited in the City. Clear Channel Outdoor, Inc. is seeking permits under the existing City sign code to either wrap the LED faces with vinyl or convert the LED faces to traditional static signs, and has obtained a number of such permits. Clear Channel Outdoor, Inc. is also pursuing a new ordinance to permit digital signage in the City.

INCOME TAXES

INCOME TAXES	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
INCOME TAXES	NOTE 5 – INCOME TAXES Income Tax Expense The Company’s income tax expense for the three months ended March 31, 2015 and 2014, respectively, consisted of the following components: (In thousands) Three Months Ended March 31, 2015 2014 Current tax expense $ (40,385) $ (43,080) Deferred tax expense (16,220) (25,308) Income tax expense $ (56,605) $ (68,388) The effective tax rate for the three months ended March 31, 2015 was (17.2)% and for the three months ended March 31, 2014 was (18.8)%. The 2015 and 2014 effective tax rates were primarily impacted by the valuation allowance recorded against deferred tax assets resulting from current period net operating losses in U.S. federal, state and certain foreign jurisdictions due to the uncertainty of the ability to utilize those assets in future periods.	NOTE 9 – INCOME TAXES Significant components of the provision for income tax benefit (expense) are as follows: (In thousands) Years Ended December 31, 2014 2013 2012 Current - Federal $ (503 ) $ 10,586 $ 61,655 Current - foreign (27,256 ) (48,466 ) (48,579 ) Current - state 3,193 1,527 (9,408 ) Total current benefit (expense) (24,566 ) (36,353 ) 3,668 Deferred - Federal (29,284 ) 126,905 261,014 Deferred - foreign 4,308 8,932 27,970 Deferred - state (8,947 ) 22,333 15,627 Total deferred benefit (expense) (33,923 ) 158,170 304,611 Income tax benefit (expense) $ (58,489 ) $ 121,817 $ 308,279 Current tax expense of $24.6 million was recorded for 2014 as compared to a current tax expense of $36.4 million for 2013. The change in current tax was primarily due to a reduction in unrecognized tax benefits during 2014, which resulted from the expiration of statutes of limitations to assess taxes in the United Kingdom and several state jurisdictions. This decrease in unrecognized tax benefits resulted in a reduction to current tax expense of $35.4 million during 2014. Current tax expense of $36.4 million was recorded for 2013 as compared to a current tax benefit of $3.7 million for 2012. The change in current tax was primarily due to the Company’s settlement of U.S. federal and foreign tax examinations during 2012. Pursuant to the settlements, the Company recorded a reduction to current income tax expense of approximately $67.3 million during 2012 to reflect the net current tax benefits of the settlements. Deferred tax expense of $33.9 million was recorded for 2014 compared with deferred tax benefit of $158.2 million for 2013. The change in deferred tax is primarily due to the valuation allowance of $339.8 million recorded against the Company’s current period federal and state net operating losses during 2014. Deferred tax benefit of $158.2 million for 2013 primarily relates to cancellation of debt income recognized during the year as a result of certain debt restructuring transactions, and is lower when compared with the deferred tax benefit of $304.6 million for 2012. The decrease in deferred tax benefit in 2013 is primarily due to the valuation allowance of $143.5 million recorded against a portion of the Company’s federal and state net operating losses. Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2014 and 2013 are as follows: (In thousands) 2014 2013 Deferred tax liabilities: Intangibles and fixed assets $ 2,335,584 $ 2,402,168 Long-term debt 119,887 183,615 Investments in nonconsolidated affiliates 1,121 - Other investments 5,575 6,759 Other 8,857 6,655 Total deferred tax liabilities 2,471,024 2,599,197 Deferred tax assets: Accrued expenses 111,884 106,651 Investments in nonconsolidated affiliates - 1,824 Net operating loss carryforwards 1,445,340 1,287,239 Bad debt reserves 9,346 9,726 Other 34,017 35,527 Total gross deferred tax assets 1,600,587 1,440,967 Less: Valuation allowance 655,658 327,623 Total deferred tax assets 944,929 1,113,344 Net deferred tax liabilities $ 1,526,095 $ 1,485,853 Included in the Company’s net deferred tax liabilities are $37.8 million and $52.0 million of current net deferred tax assets for 2014 and 2013, respectively. The Company presents these assets in “Other current assets” on its consolidated balance sheets. The remaining $1.6 billion and $1.5 billion of net deferred tax liabilities for 2014 and 2013, respectively, are presented in “Deferred tax liabilities” on the consolidated balance sheets. The Company’s net foreign deferred tax liabilities were $13.6 million and $19.8 million for the periods ended December 31, 2014 and December 31, 2013, respectively. The deferred tax liability related to intangibles and fixed assets primarily relates to the difference in book and tax basis of acquired FCC licenses, billboard permits and tax deductible goodwill created from the Company’s various stock acquisitions. In accordance with ASC 350-10, Intangibles—Goodwill and Other At December 31, 2014, the Company had recorded net operating loss carryforwards (tax effected) for federal and state income tax purposes of approximately $1.3 billion, expiring in various amounts through 2034. The Company expects to realize the benefits of a portion of its deferred tax assets attributable to federal and state net operating losses based upon expected future taxable income from deferred tax liabilities that reverse in the relevant federal and state jurisdictions and carryforward periods. As of December 31, 2014, the Company has recorded a partial valuation allowance of $487.1 million against these deferred tax assets attributable to federal and state net operating losses. In addition, the Company had recorded deferred tax assets for foreign net operating loss carryforwards (tax effected) of approximately $153.0 million which are offset in part by an associated valuation allowance of $146.4 million. Additional deferred tax valuation allowance of $22.1 million offsets other foreign deferred tax assets that are not expected to be realized. Realization of these foreign deferred tax assets is dependent upon the Company’s ability to generate future taxable income in appropriate tax jurisdictions and carryforward periods. Due to the Company’s evaluation of negative factors including particular negative evidence of cumulative losses in these jurisdictions, the Company continues to record valuation allowances on the foreign deferred tax assets that are not expected to be realized. The Company expects to realize its remaining gross deferred tax assets based upon its assessment of deferred tax liabilities that will reverse in the same carryforward period and jurisdiction and are of the same character as the net operating loss carryforwards and temporary differences that give rise to the deferred tax assets. Any deferred tax liabilities associated with acquired FCC licenses, billboard permits and tax-deductible goodwill intangible assets are not relied upon as a source of future taxable income, as these intangible assets have an indefinite life. At December 31, 2014, net deferred tax liabilities include a deferred tax asset of $28.9 million relating to stock-based compensation expense under ASC 718-10, Compensation—Stock Compensation The reconciliation of income tax computed at the U.S. Federal statutory tax rates to income tax benefit is: Years Ended December 31, (In thousands) 2014 2013 2012 Amount Percent Amount Percent Amount Percent Income tax benefit at statutory rates $ 246,284 35% $ 246,867 35% $ 251,814 35% State income taxes, net of federal tax effect 26,518 4% 32,768 4% 6,218 1% Foreign income taxes 11,074 2% (22,640) (3%) 8,782 2% Nondeductible items (5,533) (1%) (4,870) (1%) (4,617) (1%) Changes in valuation allowance and other estimates (333,641) (47%) (135,161) (19%) 50,697 7% Other, net (3,191) (1%) 4,853 1% (4,615) (1%) Income tax benefit (expense) $ (58,489) (8%) $ 121,817 17% $ 308,279 43% The Company’s effective tax rate for the year ended December 31, 2014 is (8%). The effective tax rate for 2014 was impacted by the $339.8 million valuation allowance recorded during the period as additional deferred tax expense. The valuation allowance was recorded against the Company’s current period federal and state net operating losses due to the uncertainty of the ability to utilize those losses in future periods. This expense was partially offset by $28.9 million in net tax benefits associated with a decrease in unrecognized tax benefits resulting from the expiration of statute of limitations to assess taxes in the United Kingdom and several state jurisdictions. Foreign income before income taxes was approximately $97.2 million for 2014, and it should be noted that with limited exceptions, tax rates in our foreign jurisdictions are lower than that of the U.S. federal statutory rate. A tax benefit was recorded for the year ended December 31, 2013 of 17%. The effective tax rate for 2013 was impacted by the $143.5 million valuation allowance recorded during the period as additional deferred tax expense. The valuation allowance was recorded against a portion of the federal and state net operating losses due to the uncertainty of the ability to utilize those losses in future periods. This expense was partially offset by $20.2 million in net tax benefits recorded during the period due to the settlement of certain U.S. federal and state tax examinations during the year. Foreign income before income taxes was approximately $48.3 million for 2013. A tax benefit was recorded for the year ended December 31, 2012 of 43%. The effective tax rate for 2012 was impacted by the Company’s settlement of U.S. federal and foreign tax examinations during the year. Pursuant to the settlements, the Company recorded a reduction to income tax expense of approximately $60.6 million to reflect the net tax benefits of the settlements. This benefit was partially offset by additional tax recorded during 2012 related to the write-off of deferred tax assets associated with the vesting of certain equity awards. Foreign income before income taxes was approximately $84.0 million for 2012. The Company continues to record interest and penalties related to unrecognized tax benefits in current income tax expense. The total amount of interest accrued at December 31, 2014 and 2013 was $40.8 million and $49.4 million, respectively. The total amount of unrecognized tax benefits and accrued interest and penalties at December 31, 2014 and 2013 was $147.7 million and $178.8 million, respectively, of which $110.4 million and $131.0 million is included in “Other long-term liabilities”, and $2.3 million and $11.6 million is included in “Accrued Expenses” on the Company’s consolidated balance sheets, respectively. In addition, $35.0 million and $36.1 million of unrecognized tax benefits are recorded net with the Company’s deferred tax assets for its net operating losses as opposed to being recorded in “Other long-term liabilities” at December 31, 2014 and 2013, respectively. The total amount of unrecognized tax benefits at December 31, 2014 and 2013 that, if recognized, would impact the effective income tax rate is $68.8 million and $100.1 million, respectively. (In thousands) Years Ended December 31, Unrecognized Tax Benefits 2014 2013 Balance at beginning of period $ 129,375 $ 138,437 Increases for tax position taken in the current year 13,848 12,004 Increases for tax positions taken in previous years 6,003 13,163 Decreases for tax position taken in previous years (9,764) (21,928) Decreases due to settlements with tax authorities (8,181) (1,113) Decreases due to lapse of statute of limitations (24,367) (11,188) Balance at end of period $ 106,914 $ 129,375 The Company and its subsidiaries file income tax returns in the United States federal jurisdiction and various state and foreign jurisdictions. During 2014, the statute of limitations for certain tax years expired in the United Kingdom and several state jurisdictions resulting in a reduction to unrecognized tax benefits of $24.4 million, excluding interest. Also during 2014, the Company settled certain U.S. federal and state examinations with taxing authorities, resulting in decreases in unrecognized tax benefits relating to cash tax payments of $8.2 million. All federal income tax matters through 2008 are closed and the Company has effectively settled the 2009 and 2010 examinations with the IRS and is awaiting final approval of the settlement from the Joint Committee on Taxation. The IRS is currently auditing the Company’s tax returns for the 2011 and 2012 periods. Substantially all material state, local, and foreign income tax matters have been concluded for years through 2005.

Member's Deficit

Member's Deficit	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Member's Deficit	NOTE 6 – MEMBER’S DEFICIT The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in member’s deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total ownership interest: (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2015 $ (9,889,348) $ 224,140 $ (9,665,208) Net Loss (384,966) (1,668) (386,634) Dividends and other payments to noncontrolling interests - (2,119) (2,119) Purchase of additional noncontrolling interests (19,264) (1,136) (20,400) Foreign currency translation adjustments (75,840) (6,319) (82,159) Unrealized holding gain on marketable securities 738 84 822 Other adjustments to comprehensive loss (1,036) (118) (1,154) Other, net 593 2,576 3,169 Balances at March 31, 2015 $ (10,369,123) $ 215,440 $ (10,153,683) (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2014 $ (8,942,166) $ 245,531 $ (8,696,635) Net loss (424,190) (8,200) (432,390) Foreign currency translation adjustments 875 (3,092) (2,217) Unrealized holding gain on marketable securities 955 129 1,084 Other adjustments to comprehensive loss 3,309 - 3,309 Other, net 430 (1,533) (1,103) Balances at March 31, 2014 $ (9,360,787) $ 232,835 $ (9,127,952) The Company does not have any compensation plans under which it grants awards to employees. Parent and CCOH have granted restricted stock, restricted stock units and options to purchase shares of their Class A common stock to certain key individuals.	NOTE 10 – MEMBER’S DEFICIT The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in member’s deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total ownership interest: (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2014 $ (8,942,166) $ 245,531 $ (8,696,635) Net income (loss) (793,761) 31,603 (762,158) Dividends and other payments to noncontrolling interests - (40,027) (40,027) Purchase of additional noncontrolling interests (46,806) (1,944) (48,750) Foreign currency translation adjustments (101,980) (19,898) (121,878) Unrealized holding gain on marketable securities 285 42 327 Other adjustments to comprehensive loss (10,214) (1,224) (11,438) Reclassifications 3,316 1 3,317 Other, net 1,978 10,056 12,034 Balances at December 31, 2014 $ (9,889,348) $ 224,140 $ (9,665,208) (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2013 $ (8,299,188) $ 303,997 $ (7,995,191) Net income (loss) (606,883) 23,366 (583,517) Dividends and other payments to noncontrolling interests - (91,887) (91,887) Foreign currency translation adjustments (29,755) (3,246) (33,001) Unrealized holding gain on marketable securities 16,439 137 16,576 Unrealized holding gain on cash flow derivatives 48,180 - 48,180 Other adjustments to comprehensive loss 5,932 800 6,732 Reclassifications (83,585) (167) (83,752) Other, net 6,694 12,531 19,225 Balances at December 31, 2013 $ (8,942,166) $ 245,531 $ (8,696,635) Dividends The Company has not paid cash dividends since its formation and its ability to pay dividends is subject to restrictions should it seek to do so in the future. iHeart’s debt financing arrangements include restrictions on its ability to pay dividends thereby limiting the Company’s ability to pay dividends. Share-Based Compensation Stock Options The Company does not have any compensation plans under which it grants stock awards to employees. Prior to the merger, iHeartCommunications granted options to purchase its common stock to its employees and directors and its affiliates under its various equity incentive plans typically at no less than the fair value of the underlying stock on the date of grant. These options were granted for a term not exceeding ten years and were forfeited, except in certain circumstances, in the event the employee or director terminated his or her employment or relationship with iHeartCommunications or one of its affiliates. Prior to acceleration, if any, in connection with the merger, these options vested over a period of up to five years. All equity incentive plans contained anti-dilutive provisions that permitted an adjustment of the number of shares of iHeartCommunications’ common stock represented by each option for any change in capitalization. Parent has granted options to purchase its shares of Class A common stock to certain key executives under its equity incentive plan at no less than the fair value of the underlying stock on the date of grant. These options are granted for a term not to exceed ten years and are forfeited, except in certain circumstances, in the event the executive terminates his or her employment or relationship with Parent or one of its affiliates. Approximately three-fourths of the options outstanding at December 31, 2014 vest based solely on continued service over a period of up to five years with the remainder becoming eligible to vest over a period of up to five years if certain predetermined performance targets are met. The equity incentive plan contains antidilutive provisions that permit an adjustment of the number of shares of Parent’s common stock represented by each option for any change in capitalization. The Company accounts for its share-based payments using the fair value recognition provisions of ASC 718-10. The fair value of the portion of options that vest based on continued service is estimated on the grant date using a Black-Scholes option-pricing model and the fair value of the remaining options which contain vesting provisions subject to service, market and performance conditions is estimated on the grant date using a Monte Carlo model. Expected volatilities were based on historical volatility of peer companies’ stock, including Parent, over the expected life of the options. The expected life of the options granted represents the period of time that the options granted are expected to be outstanding. The Company used historical data to estimate option exercises and employee terminations within the valuation model. The Company includes estimated forfeitures in its compensation cost and updates the estimated forfeiture rate through the final vesting date of awards. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods equal to the expected life of the option. No options were granted during the years ended December 31, 2014 and 2013. The following assumptions were used to calculate the fair value of the options granted during the year ended December 31, 2012: Years Ended December 31, 2014 (1) 2013 (1) 2012 Expected volatility N/A N/A 71% – 77% Expected life in years N/A N/A 6.3 – 6.5 Risk-free interest rate N/A N/A 0.97% – 1.55% Dividend yield N/A N/A 0% (1) The following table presents a summary of Parent’s stock options outstanding at and stock option activity during the year ended December 31, 2014 (“Price” reflects the weighted average exercise price per share): (In thousands, except per share data) Options Price Weighted Outstanding, January 1, 2014 2,509 $ 33.11 Granted (1) - - Exercised - - Forfeited (125) 36.00 Expired (83) 36.00 Outstanding, December 31, 2014 (2) 2,301 32.85 4.3years Exercisable 1,480 31.95 4.0years Expected to Vest 797 35.20 4.7years (1) The weighted average grant date fair value of options granted during the years ended December 31, 2012 was $2.68 per share. No options were granted during the years ended December 31, 2013 and 2014. (2) Non-cash compensation expense has not been recorded with respect to 0.6 million shares as the vesting of these options is subject to performance conditions that have not yet been determined probable to meet. A summary of Parents’s unvested options and changes during the year ended December 31, 2014 is presented below: (In thousands, except per share data) Options Weighted Unvested, January 1, 2014 1,086 $ 10.74 Granted - - Vested (1) (140) 2.32 Forfeited (125) 2.16 Unvested, December 31, 2014 821 13.61 (1) The total fair value of the options vested during the years ended December 31, 2014, 2013 and 2012 was $0.3 million, $6.3 million and $3.9 million, respectively. Restricted Stock Awards Parent has granted restricted stock awards to its employees and affiliates under its equity incentive plan. The restricted stock awards are restricted in transferability for a term of up to five years. Restricted stock awards are forfeited, except in certain circumstances, in the event the employee terminates his or her employment or relationship with Parent prior to the lapse of the restriction. Dividends or distributions paid in respect of unvested restricted stock awards will be held by Parent and paid to the recipients of the restricted stock awards upon vesting of the shares. The following table presents a summary of Parent’s restricted stock outstanding and restricted stock activity as of and during the year ended December 31, 2014 (“Price” reflects the weighted average share price at the date of grant): (In thousands, except per share data) Awards Price Outstanding, January 1, 2014 3,919 $ 3.35 Granted 1,826 7.86 Vested (restriction lapsed) (506) 3.14 Forfeited (710) 8.85 Outstanding, December 31, 2014 4,529 5.02 CCOH Share-Based Awards CCOH Stock Options The Company’s subsidiary, CCOH, has granted options to purchase shares of its Class A common stock to employees and directors of CCOH and its affiliates under its equity incentive plan at no less than the fair market value of the underlying stock on the date of grant. These options are granted for a term not exceeding ten years and are forfeited, except in certain circumstances, in the event the employee or director terminates his or her employment or relationship with CCOH or one of its affiliates. These options vest solely on continued service over a period of up to five years. The equity incentive stock plan contains anti-dilutive provisions that permit an adjustment of the number of shares of CCOH’s common stock represented by each option for any change in capitalization. CCOH determined that the CCOH dividend discussed in Note 5 was considered a change in capitalization and therefore adjusted outstanding options as of March 15, 2012. No incremental compensation cost was recognized in connection with the adjustment. The fair value of each option awarded on CCOH common stock is estimated on the date of grant using a Black-Scholes option-pricing model. Expected volatilities are based on historical volatility of CCOH’s stock over the expected life of the options. The expected life of options granted represents the period of time that options granted are expected to be outstanding. CCOH uses historical data to estimate option exercises and employee terminations within the valuation model. CCOH includes estimated forfeitures in its compensation cost and updates the estimated forfeiture rate through the final vesting date of awards. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods equal to the expected life of the option. The following assumptions were used to calculate the fair value of CCOH’s options on the date of grant: Years Ended December 31, 2014 2013 2012 Expected volatility 54% – 56% 55% – 56% 54% – 56% Expected life in years 6.3 6.3 6.3 Risk-free interest rate 1.73% – 2.08% 1.05% – 2.19% 0.92% – 1.48% Dividend yield 0% 0% 0% The following table presents a summary of CCOH’s stock options outstanding at and stock option activity during the year ended December 31, 2014 (“Price” reflects the weighted average exercise price per share): (In thousands, except per share data) Options Price Weighted Aggregate Outstanding, January 1, 2014 6,909 $9.60 Granted (1) 627 8.64 Exercised (2) (459) 5.23 Forfeited (628) 8.11 Expired (424) 10.58 Outstanding, December 31, 2014 6,025 9.92 5.1years $13,956 Exercisable 4,471 10.56 4.1years $10,065 Expected to vest 1,487 8.08 7.8years $3,729 (1) The weighted average grant date fair value of CCOH options granted during the years ended December 31, 2014, 2013 and 2012 was $4.69, $4.10 and $4.43 per share, respectively. (2) Cash received from option exercises during the years ended December 31, 2014, 2013 and 2012 was $2.4 million, $4.2 million and $6.4 million, respectively. The total intrinsic value of the options exercised during the years ended December 31, 2014, 2013 and 2012 was $1.5 million, $5.0 million and $7.9 million, respectively. A summary of CCOH’s unvested options at and changes during the year ended December 31, 2014 is presented below: (In thousands, except per share data) Options Weighted Unvested, January 1, 2014 2,645 $ 5.21 Granted 627 4.69 Vested (1) (1,091) 5.59 Forfeited (628) 4.74 Unvested, December 31, 2014 1,553 4.92 (1) The total fair value of CCOH options vested during the years ended December 31, 2014, 2013 and 2012 was $6.1 million, $7.1 million and $11.5 million, respectively. CCOH Restricted Stock Awards CCOH has also granted both restricted stock and restricted stock unit awards to its employees and affiliates under its equity incentive plan. The restricted stock awards represent shares of Class A common stock that hold a legend which restricts their transferability for a term of up to five years. The restricted stock units represent the right to receive shares upon vesting, which is generally over a period of up to five years. Both restricted stock awards and restricted stock units are forfeited, except in certain circumstances, in the event the employee terminates his or her employment or relationship with CCOH prior to the lapse of the restriction. The following table presents a summary of CCOH’s restricted stock and restricted stock units outstanding at and activity during the year ended December 31, 2014 (“Price” reflects the weighted average share price at the date of grant): (In thousands, except per share data) Awards Price Outstanding, January 1, 2014 1,892 $ 6.83 Granted 1,040 8.88 Vested (restriction lapsed) (64) 6.86 Forfeited (410) 7.76 Outstanding, December 31, 2014 2,458 7.54 Share-Based Compensation Cost The share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the vesting period. Share-based compensation payments are recorded in corporate expenses and were $10.7 million, $16.7 million and $28.5 million, during the years ended December 31, 2014, 2013 and 2012, respectively. The tax benefit related to the share-based compensation expense for the years ended December 31, 2014, 2013 and 2012 was $4.1 million, $6.3 million and $10.8 million, respectively. As of December 31, 2014, there was $22.4 million of unrecognized compensation cost related to unvested share-based compensation arrangements that will vest based on service conditions. This cost is expected to be recognized over a weighted average period of approximately three years. In addition, as of December 31, 2014, there was $24.7 million of unrecognized compensation cost related to unvested share-based compensation arrangements that will vest based on market, performance and service conditions. This cost will be recognized when it becomes probable that the performance condition will be satisfied. Parent completed a voluntary stock option exchange program on November 19, 2012 and exchanged 2.0 million stock options granted under the Clear Channel 2008 Executive Incentive Plan for 1.8 million replacement restricted share awards with different service and performance conditions. Parent accounted for the exchange program as a modification of the existing awards under ASC 718 and will recognize incremental compensation expense of approximately $1.7 million over the service period of the new awards. In connection with the exchange program, Parent granted an additional 1.5 million restricted stock awards pursuant to a tax assistance program offered to employees participating in the exchange. Of the total 1.5 million restricted stock awards granted, 0.9 million were repurchased by Parent upon expiration of the exchange program while the remaining 0.6 million awards were forfeited. Parent recognized $2.6 million of expense related to the awards granted in connection with the tax assistance program.

Other Information

Other Information	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Other Information	NOTE 7 — OTHER INFORMATION Other Comprehensive Income (Loss) The total (decrease) increase in deferred income tax liabilities of other comprehensive income (loss) related to foreign currency translation adjustments and other for the quarters ended March 31, 2015 and 2014 were ($0.6) million and $8.2 million respectively. Barter and Trade Barter and trade revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively. Barter and trade revenues were $30.0 million and $13.6 million for the three months ended March 31, 2015 and 2014, respectively and barter and trade expenses were $28.1 million and $13.5 million for the three months ended March 31, 2015 and 2014, respectively.	NOTE 12 – OTHER INFORMATION The following table discloses the components of “Other income (expense)” for the years ended December 31, 2014, 2013 and 2012, respectively: (In thousands) Years Ended December 31, 2014 2013 2012 Foreign exchange gain (loss) $ 15,554 $ 1,772 $ (3,018) Debt modification expenses - (23,555) - Other (6,450) (197) 3,268 Total other income (expense), net $ 9,104 $ (21,980) $ 250 The following table discloses the increase (decrease) in net deferred income tax liabilities related to each component of other comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012, respectively: (In thousands) Years Ended December 31, 2014 2013 2012 Foreign currency translation adjustments and other $ 2,559 $ (14,421) $ 3,210 Unrealized holding gain on marketable securities - (11,010) 15,324 Unrealized holding gain (loss) on cash flow derivatives - 28,759 30,074 Total increase in deferred tax liabilities $ 2,559 $ 3,328 $ 48,608 The following table discloses the components of “Other current assets” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Inventory $ 23,777 $ 26,872 Deferred tax asset 37,793 51,967 Deposits 4,466 5,126 Deferred loan costs 32,602 30,165 Other 37,661 47,027 Total other current assets $ 136,299 $ 161,157 The following table discloses the components of “Other assets” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Investments in, and advances to, nonconsolidated affiliates $ 9,493 $ 238,805 Other investments 18,247 9,725 Notes receivable 242 302 Prepaid expenses 16,082 24,231 Deferred loan costs 130,267 143,763 Deposits 27,822 26,200 Prepaid rent 56,430 62,864 Non-qualified plan assets 11,568 11,844 Other 18,914 15,722 Total other assets $ 289,065 $ 533,456 The following table discloses the components of “Other long-term liabilities” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Unrecognized tax benefits $ 110,410 $ 131,015 Asset retirement obligation 53,936 59,125 Non-qualified plan liabilities 11,568 11,844 Deferred income 23,734 16,247 Deferred rent 125,530 120,092 Employee related liabilities 39,963 31,617 Other 89,722 92,080 Total other long-term liabilities $ 454,863 $ 462,020 The following table discloses the components of “Accumulated other comprehensive loss,” net of tax, as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Cumulative currency translation adjustment $ (291,520) $ (188,920) Cumulative unrealized gain on securities 1,397 1,101 Cumulative other adjustments (18,467) (8,254) Total accumulated other comprehensive loss $ (308,590) $ (196,073)

Segment Data

Segment Data	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Segment Data	NOTE 8 – SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe, Asia and Australia. The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense. During the first quarter of 2015, the Company revised its segment reporting, as discussed in Note 1. The following table presents the company’s reportable segment results for the three months ended March 31, 2015 and 2014. (In thousands) iHM Americas International Other Corporate and Eliminations Consolidated Three Months Ended March 31, 2015 Revenue $ 697,801 $ 295,863 $ 319,180 $ 35,462 $ - $ (3,742) $ 1,344,564 Direct operating expenses 213,829 146,234 216,737 3,398 - (1,679) 578,519 Selling, general and administrative expenses 261,349 55,637 71,493 29,772 - (2,063) 416,188 Depreciation and amortization 60,742 50,340 42,441 7,666 9,264 - 170,453 Corporate expenses - - - - 77,288 - 77,288 Other operating expense, net - - - - (8,974) - (8,974) Operating income (loss) $ 161,881 $ 43,652 $ (11,491) $ (5,374) $ (95,526) $ - $ 93,142 Intersegment revenues $ - $ 1,101 $ - $ 2,641 $ - $ - $ 3,742 Capital expenditures $ 11,913 $ 16,695 $ 25,105 $ 1,051 $ 1,691 $ - $ 56,455 Share-based compensation expense $ - $ - $ - $ - $ 2,524 $ - $ 2,524 Three Months Ended March 31, 2014 Revenue $ 670,347 $ 290,610 $ 344,641 $ 41,495 $ - $ (4,545) $ 1,342,548 Direct operating expenses 211,946 143,364 238,149 6,388 - (2,159) 597,688 Selling, general and administrative expenses 253,345 56,368 76,581 30,728 - (2,386) 414,636 Depreciation and amortization 60,324 49,712 48,331 8,719 7,785 - 174,871 Corporate expenses - - - - 72,705 - 72,705 Other operating income, net - - - - 165 - 165 Operating income (loss) $ 144,732 $ 41,166 $ (18,420) $ (4,340) $ (80,325) $ - $ 82,813 Intersegment revenues $ - $ 976 $ - $ 3,569 $ - $ - $ 4,545 Capital expenditures $ 10,292 $ 16,444 $ 20,862 $ 1,807 $ 18,003 $ - $ 67,408 Share-based compensation expense $ - $ - $ - $ - $ 3,036 $ - $ 3,036	NOTE 13 – SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s national syndication business. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe, Asia and Australia. The Americas outdoor and International outdoor display inventory consists primarily of billboards, street furniture displays and transit displays. The Other category includes the Company’s media representation business as well as other general support services and initiatives which are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expenses. During the first quarter of 2015, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company’s revised reportable segment results for the years ended December 31, 2014, 2013 and 2012. (In thousands) iHM Americas International Other Corporate Eliminations Consolidated Year Ended December 31, 2014 Revenue $ 3,161,503 $ 1,350,623 $ 1,610,636 $ 212,676 $ - $ (16,905 ) $ 6,318,533 Direct operating expenses 927,674 605,771 991,117 24,009 - (7,621 ) 2,540,950 Selling, general and administrative expenses 1,018,930 233,641 314,878 122,448 - (9,274 ) 1,680,623 Depreciation and amortization 240,868 203,928 198,143 33,543 34,416 - 710,898 Impairment charges - - - - 24,176 - 24,176 Corporate expenses - - - - 320,341 (10 ) 320,331 Other operating income, net - - - - 40,031 - 40,031 Operating income (loss) $ 974,031 $ 307,283 $ 106,498 $ 32,676 $ (338,902 ) $ - $ 1,081,586 Intersegment revenues $ 10 $ 3,436 $ - $ 13,459 $ - $ - $ 16,905 Segment assets $ 7,720,181 $ 3,664,574 $ 1,680,598 $ 277,388 $ 697,501 $ - $ 14,040,242 Capital expenditures $ 50,403 $ 109,727 $ 117,480 $ 5,744 $ 34,810 $ - 318,164 Share-based compensation expense $ - $ - $ - $ - $ 10,713 $ - $ 10,713 Year Ended December 31, 2013 Revenue $ 3,131,595 $ 1,385,757 $ 1,560,433 $ 181,993 $ - $ (16,734 ) $ 6,243,044 Direct operating expenses 953,577 610,750 983,978 25,271 - (8,556 ) 2,565,020 Selling, general and administrative expenses 984,704 243,456 300,116 118,830 - (8,178 ) 1,638,928 Depreciation and amortization 262,136 206,031 194,493 39,291 28,877 - 730,828 Impairment charges - - - - 16,970 - 16,970 Corporate expenses - - - - 313,514 - 313,514 Other operating income, net - - - - 22,998 - 22,998 Operating income (loss) $ 931,178 $ 325,520 $ 81,846 $ (1,399 ) $ (336,363 ) $ - $ 1,000,782 Intersegment revenues $ - $ 2,473 $ - $ 14,261 $ - $ - $ 16,734 Segment assets $ 7,933,564 $ 3,823,347 $ 1,899,648 $ 534,363 $ 906,380 $ - $ 15,097,302 Capital expenditures $ 75,742 $ 96,590 $ 100,949 $ 9,933 $ 41,312 $ - $ 324,526 Share-based compensation expense $ - $ - $ - $ - $ 16,715 $ - $ 16,715 Year Ended December 31, 2012 Revenue $ 3,084,780 $ 1,367,669 $ 1,579,275 $ 231,667 $ - $ (16,507 ) $ 6,246,884 Direct operating expenses 888,914 625,852 977,640 25,088 - (12,965 ) 2,504,529 Selling, general and administrative expenses 959,182 262,645 312,017 129,987 - (3,542 ) 1,660,289 Depreciation and amortization 262,409 200,372 196,909 45,568 24,027 - 729,285 Impairment charges - - - - 37,651 - 37,651 Corporate expenses - - - - 293,207 - 293,207 Other operating income, net - - - - 48,127 - 48,127 Operating income (loss) $ 974,275 $ 278,800 $ 92,709 $ 31,024 $ (306,758 ) $ - $ 1,070,050 Intersegment revenues $ - $ 1,175 $ 80 $ 15,252 $ - $ - $ 16,507 Segment assets $ 8,061,701 $ 3,991,147 $ 2,100,397 $ 815,435 $ 1,324,033 $ - $ 16,292,713 Capital expenditures $ 65,821 $ 130,786 $ 136,990 $ 17,438 $ 39,245 $ - $ 390,280 Share-based compensation expense $ - $ - $ - $ - $ 28,540 $ - $ 28,540 Revenue of $1.8 billion, $1.7 billion and $1.7 billion derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Revenue of $4.5 billion, $4.5 billion and $4.5 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Identifiable long-lived assets of $682.7 million, $760.5 million and $805.2 million derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Identifiable long-lived assets of $2.0 billion, $2.1 billion and $2.2 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively.

Certain Relationships and Relat

Certain Relationships and Related Party Transactions	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Certain Relationships and Related Party Transactions	NOTE 9 – CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS The Company is a party to a management agreement with certain affiliates of the Sponsors and certain other parties pursuant to which such affiliates of the Sponsors will provide management and financial advisory services until 2018. These agreements require management fees to be paid to such affiliates of the Sponsors for such services at a rate not greater than $15.0 million per year, plus reimbursable expenses. For the three months ended March 31, 2015 and 2014, the Company recognized management fees and reimbursable expenses of $3.9 million and $4.0 million, respectively. Stock Purchases On August 9, 2010, iHeartCommunications announced that its board of directors approved a stock purchase program under which iHeartCommunications or its subsidiaries may purchase up to an aggregate of $100.0 million of the Class A common stock of Parent and/or the Class A common stock of CCOH. The stock purchase program did not have a fixed expiration date and could be modified, suspended or terminated at any time at iHeartCommunications’ discretion. In January 2015, CC Finco, LLC (“CC Finco”), an indirect wholly-owned subsidiary of the Company, purchased 2,000,000 shares of CCOH’s Class A common stock for $20.4 million. During 2014, CC Finco purchased 5,000,000 shares of CCOH’s Class A common stock for approximately $48.8 million. During 2012, CC Finco purchased 111,291 shares of Parent’s Class A common stock for $0.7 million. During 2011, CC Finco purchased 1,553,971 shares of CCOH’s Class A common stock through open market purchases for approximately $16.4 million. As of March 31, 2015, an aggregate $13.8 million was available under the stock purchase program to purchase Class A common stock of Parent and/or the Class A common stock of CCOH. On April 2, 2015, CC Finco purchased an additional 2,172,946 shares of CCOH’s Class A common stock for $22.2 million, increasing iHeartCommunications’ collective holdings to represent slightly more than 90% of the outstanding shares of CCOH’s common stock on a fully-diluted basis, assuming the conversion of all of CCOH’s Class B common stock into Class A common stock. As a result of this purchase, the stock purchase program concluded. The purchase of shares in excess of the amount available under the stock purchase program was separately approved by the board of directors.	NOTE 15 – CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS iHeartCommunications is a party to a management agreement with certain affiliates of Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsors”) and certain other parties pursuant to which such affiliates of the Sponsors will provide management and financial advisory services until 2018. These agreements require management fees to be paid to such affiliates of the Sponsors for such services at a rate not greater than $15.0 million per year, plus reimbursable expenses. For the years ended December 31, 2014, 2013 and 2012, the Company recognized management fees and reimbursable expenses of $15.2 million, $15.8 million and $15.9 million, respectively. Stock Purchases On August 9, 2010, iHeartCommunications announced that its board of directors approved a stock purchase program under which iHeartCommunications or its subsidiaries may purchase up to an aggregate of $100.0 million of the Class A common stock of Parent and/or the Class A common stock of CCOH. The stock purchase program does not have a fixed expiration date and may be modified, suspended or terminated at any time at iHeartCommunications’ discretion. During 2014, CC Finco purchased 5,000,000 shares of CCOH’s Class A common stock for approximately $48.8 million. During 2012, CC Finco purchased 111,291 shares of Parent’s Class A common stock for $692,887. During 2011, CC Finco purchased 1,553,971 shares of CCOH’s Class A common stock through open market purchases for approximately $16.4 million. As of December 31, 2014, an aggregate $34.2 million was available under the stock purchase program to purchase Class A common stock of Parent and/or the Class A common stock of CCOH. On January 7, 2015 CC Finco purchased an additional 2,000,000 shares of CCOH’s Class A common stock for $20.4 million.

Guarantor Subsidiaries

Guarantor Subsidiaries	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Guarantor Subsidiaries	NOTE 10 – GUARANTOR SUBSIDIARIES The Company and certain of iHeartCommunications’ direct and indirect wholly-owned domestic subsidiaries (the “Guarantor Subsidiaries”) fully and unconditionally guaranteed on a joint and several basis certain of iHeartCommunications’ outstanding indebtedness. The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 49,621 $ 239,386 $ - $ 289,014 Accounts receivable, net of allowance - - 611,099 630,976 - 1,242,075 Intercompany receivables (1) - 1,593,835 - 142,765 (1,736,600) - Prepaid expenses - 3,806 86,216 154,818 - 244,840 Other current assets - 23,569 61,525 69,965 (13,435) 141,624 Total Current Assets - 1,621,217 808,461 1,237,910 (1,750,035) 1,917,553 Structures, net - - - 1,567,653 - 1,567,653 Other property, plant and equipment, net - - 753,932 264,205 - 1,018,137 Indefinite-lived intangibles - licenses - - 2,411,259 - - 2,411,259 Indefinite-lived intangibles - permits - - - 1,065,810 - 1,065,810 Other intangibles, net - - 741,439 400,042 - 1,141,481 Goodwill - - 3,366,558 804,074 - 4,170,632 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 886,321 (886,321) - Investment in subsidiaries (10,337,218) 4,125,095 (111,683) - 6,323,806 - Other assets - 104,819 54,783 752,412 (622,606) 289,408 Total Assets $ (10,337,218) $ 6,813,131 $ 8,024,749 $ 6,978,427 $ 2,102,844 $ 13,581,933 Accounts payable $ - $ - $ 58,111 $ 74,308 $ - $ 132,419 Accrued expenses - (61,802) 346,621 433,599 - 718,418 Intercompany payable (1) - - 1,736,600 - (1,736,600) - Accrued interest - 172,122 - 4,274 (13,435) 162,961 Deferred income - - 84,921 132,098 - 217,019 Current portion of long-term debt - - 144 2,700 - 2,844 Total Current Liabilities - 110,320 2,226,397 646,979 (1,750,035) 1,233,661 Long-term debt - 16,165,799 4,989 4,928,335 (615,928) 20,483,195 Long-term intercompany payable - 886,321 - - (886,321) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (32,570) 957,743 642,120 (328) 1,566,965 Other long-term liabilities - 20,478 201,336 229,981 - 451,795 Total member’s interest (deficit) (10,337,218) (10,337,217) 3,672,284 531,012 6,317,456 (10,153,683) Total Liabilities and Member’s Equity $ (10,337,218) $ 6,813,131 $ 8,024,749 $ 6,978,427 $ 2,102,844 $ 13,581,933 (1) The intercompany payable balance includes approximately $5.8 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 Accounts receivable, net of allowance - - 695,356 699,892 - 1,395,248 Intercompany receivables (1) - 1,875,543 - 138,890 (2,014,433) - Prepaid expenses - 1,671 55,092 134,809 - 191,572 Other current assets - 24,522 48,490 93,656 (30,369) 136,299 Total Current Assets - 1,901,743 1,024,340 1,298,862 (2,044,802) 2,180,143 Structures, net - - - 1,614,199 - 1,614,199 Other property, plant and equipment, net - - 792,599 292,266 - 1,084,865 Indefinite-lived intangibles - licenses - - 2,411,071 - - 2,411,071 Indefinite-lived intangibles - permits - - - 1,066,748 - 1,066,748 Other intangibles, net - - 787,772 418,955 - 1,206,727 Goodwill - - 3,366,558 820,866 - 4,187,424 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 947,806 (947,806) - Investment in subsidiaries (9,875,294) 4,236,322 7,269 - 5,631,703 - Other assets - 102,020 55,690 731,598 (600,243) 289,065 Total Assets $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 Accounts payable $ - $ - $ 56,093 $ 76,165 $ - $ 132,258 Accrued expenses - (97,506) 348,479 548,502 - 799,475 Intercompany payable (1) - - 2,014,433 - (2,014,433) - Accrued interest - 278,502 - 4,767 (30,369) 252,900 Deferred income - - 79,110 96,938 - 176,048 Current portion of long-term debt - - 143 3,461 - 3,604 Total Current Liabilities - 180,996 2,498,258 729,833 (2,044,802) 1,364,285 Long-term debt - 15,998,144 5,030 4,930,468 (611,228) 20,322,414 Long-term intercompany payable - 947,806 - - (947,806) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (70,053) 988,675 646,919 (1,653) 1,563,888 Other long-term liabilities - 20,485 199,517 234,861 - 454,863 Total member’s interest (deficit) (9,875,294) (9,875,293) 3,791,819 649,219 5,644,341 (9,665,208) Total Liabilities and Member’s Equity $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 (1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) Three Months Ended March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 727,465 $ 621,660 $ (4,561) $ 1,344,564 Operating expenses: Direct operating expenses - - 214,462 365,628 (1,571) 578,519 Selling, general and administrative expenses - - 288,874 130,304 (2,990) 416,188 Corporate expenses - 2,694 45,841 28,753 - 77,288 Depreciation and amortization - - 76,041 94,412 - 170,453 Impairment charges - - - - - - Other operating income, net - - (3,530) (5,444) - (8,974) Operating income (loss) - (2,694) 98,717 (2,881) - 93,142 Interest expense, net - 370,114 16,800 54,064 793 441,771 Gain (loss) on marketable securities - - 579 - - 579 Equity in earnings (loss) of nonconsolidated affiliates (384,173) (33,483) (20,873) 522 438,338 331 Gain (loss) on extinguishment of debt - (2,201) - - - (2,201) Other income (expense), net - - 21 19,870 - 19,891 Income (loss) before income taxes (384,173) (408,492) 61,644 (36,553) 437,545 (330,029) Income tax benefit (expense) - 24,319 (97,360) 16,436 - (56,605) Consolidated net income (loss) (384,173) (384,173) (35,716) (20,117) 437,545 (386,634) Less amount attributable to noncontrolling interest - - (2,233) 565 - (1,668) Net income (loss) attributable to the Company $ (384,173) $ (384,173) $ (33,483) $ (20,682) $ 437,545 $ (384,966) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 13,850 (96,009) - (82,159) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - - (1,384) 2,206 822 Unrealized holding gain on cash flow derivatives - - - - - - Other adjustments to comprehensive income (loss) - - - (1,154) - (1,154) Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - - - - - - Equity in subsidiary comprehensive income (loss) (78,344) (78,344) (100,846) - 257,534 - Comprehensive income (loss) (462,517) (462,517) (120,479) (119,229) 697,285 (467,457) Less amount attributable to noncontrolling interest - - (8,652) 2,299 - (6,353) Comprehensive income (loss) attributable to the Company $ (462,517) $ (462,517) $ (111,827) $ (121,528) $ 697,285 $ (461,104) (In thousands) Three Months Ended March 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 705,354 $ 642,291 $ (5,097) $ 1,342,548 Operating expenses: Direct operating expenses - - 215,396 384,183 (1,891) 597,688 Selling, general and administrative expenses - - 281,311 136,531 (3,206) 414,636 Corporate expenses - 2,688 39,320 30,697 - 72,705 Depreciation and amortization - - 75,779 99,092 - 174,871 Impairment charges - - - - - - Other operating income, net - - (2,489) 2,654 - 165 Operating income (loss) - (2,688) 91,059 (5,558) - 82,813 Interest expense, net - 365,228 13,005 43,918 8,963 431,114 Gain (loss) on marketable securities - - - 51,078 (51,078) - Equity in earnings (loss) of nonconsolidated affiliates (362,402) (309) (53,019) (13,237) 415,641 (13,326) Loss on extinguishment of debt - 45,330 (48,366) - (880) (3,916) Other income (expense), net - (46) 614 1,840 (867) 1,541 Income (loss) before income taxes (362,402) (322,941) (22,717) (9,795) 353,853 (364,002) Income tax benefit (expense) - (39,461) 13,707 (42,634) - (68,388) Consolidated net income (loss) (362,402) (362,402) (9,010) (52,429) 353,853 (432,390) Less amount attributable to noncontrolling interest - - (8,701) 501 - (8,200) Net income (loss) attributable to the Company $ (362,402) $ (362,402) $ (309) $ (52,930) $ 353,853 $ (424,190) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - (6,455) 4,238 - (2,217) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - - 99 985 1,084 Other adjustments to comprehensive income (loss) - (8,181) - 11,490 - 3,309 Equity in subsidiary comprehensive income (loss) 4,154 12,335 10,543 - (27,032) - Comprehensive income (loss) (358,248) (358,248) 3,779 (37,103) 327,806 (422,014) Less amount attributable to noncontrolling interest - - (66) (2,897) - (2,963) Comprehensive income (loss) attributable to the Company $ (358,248) $ (358,248) $ 3,845 $ (34,206) $ 327,806 $ (419,051) (In thousands) Three Months Ended March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (384,173) $ (384,173) $ (35,716) $ (20,117) $ 437,545 $ (386,634) Reconciling items: Impairment charges - - - - - - Depreciation and amortization - - 76,041 94,412 - 170,453 Deferred taxes - 37,483 (26,668) 5,405 - 16,220 Provision for doubtful accounts - - 3,907 2,541 - 6,448 Amortization of deferred financing charges and note discounts, net - 13,982 - 827 793 15,602 Share-based compensation - - 599 1,925 - 2,524 Gain on disposal of operating assets - - 1,907 (1,355) - 552 (Gain) loss on marketable securities - - (579) - - (579) Equity in (earnings) loss of nonconsolidated affiliates 384,173 33,483 20,873 (522) (438,338) (331) Loss on extinguishment of debt - 2,201 - - - 2,201 Other reconciling items, net - - 65 (20,098) - (20,033) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 80,343 33,740 - 114,083 Increase (decrease) in accrued expenses - 35,704 (14,049) (85,112) - (63,457) Increase (decrease) in accounts payable - - 2,018 4,266 - 6,284 Increase (decrease) in accrued interest - (85,528) - (489) 12,701 (73,316) Increase (decrease) in deferred income - - 8,223 40,400 - 48,623 Changes in other operating assets and liabilities - (2,135) (39,551) (20,465) (12,701) (74,852) Net cash provided by (used for) operating activities - (348,983) 77,413 35,358 - (236,212) Cash flows from investing activities: Proceeds from sale of other investments - - 579 - - 579 Purchases of businesses - - - - - - Purchases of property, plant and equipment - - (14,604) (41,851) - (56,455) Proceeds from disposal of assets - - 31,665 938 - 32,603 Purchases of other operating assets - - (1,935) (29) - (1,964) Dividends from subsidiaries 6 - - - (6) - Change in other, net - - (5,331) (20,400) 20,400 (5,331) Net cash provided by (used for) investing activities 6 - 10,374 (61,342) 20,394 (30,568) Cash flows from financing activities: Draws on credit facilities - 120,000 - - - 120,000 Payments on credit facilities - - - (1,859) - (1,859) Intercompany funding - 220,222 (263,529) 43,307 - - Proceeds from long-term debt - 950,000 - - - 950,000 Payments on long-term debt - (931,222) (39) (13) - (931,274) Payments to purchase additional noncontrolling interests - - - - (20,400) (20,400) Dividends and other payments to noncontrolling interests - (6) - (2,119) 6 (2,119) Deferred financing charges - (10,011) - - - (10,011) Change in other, net (6) - - 650 - 644 Net cash provided by (used for) financing activities (6) 348,983 (263,568) 39,966 (20,394) 104,981 Effect of exchange rate changes on cash - - - (6,211) - (6,211) Net decrease in cash and cash equivalents - - (175,781) 7,771 - (168,010) Cash and cash equivalents at beginning of period - 7 225,402 231,615 - 457,024 Cash and cash equivalents at end of period $ - $ 7 $ 49,621 $ 239,386 $ - $ 289,014 (In thousands) Three Months Ended March 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (362,402) $ (362,402) $ (9,010) $ (52,429) $ 353,853 $ (432,390) Reconciling items: Impairment charges - - - - - - Depreciation and amortization - - 75,779 99,092 - 174,871 Deferred taxes - 60,033 (22,461) (12,264) - 25,308 Provision for doubtful accounts - - 1,882 1,536 - 3,418 Amortization of deferred financing charges and note discounts, net - 36,143 - (13,886) 8,963 31,220 Share-based compensation - - 1,026 2,010 - 3,036 Gain on disposal of operating assets - - 2,489 (2,654) - (165) (Gain) loss on marketable securities - - - (51,078) 51,078 - Equity in (earnings) loss of nonconsolidated affiliates 362,402 309 53,019 13,237 (415,641) 13,326 Loss on extinguishment of debt - (45,330) 48,366 - 880 3,916 Other reconciling items, net - - 319 (1,896) - (1,577) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 98,808 50,599 - 149,407 Increase in accrued expenses - 112,909 (122,159) (30,474) - (39,724) Increase (decrease) in accounts payable - - (4,886) 12,894 - 8,008 Increase (decrease) in accrued interest - (56,600) 46 (1,915) 18,730 (39,739) Increase in deferred income - - 18,118 43,407 - 61,525 Changes in other operating assets and liabilities - (1,690) (22,930) (9,652) (17,816) (52,088) Net cash provided by (used for) operating activities - (256,628) 118,406 46,527 47 (91,648) Cash flows from investing activities: Purchases of property, plant and equipment - - (28,764) (38,644) - (67,408) Purchases of other operating assets - - (437) 67 - (370) Proceeds from sale of investment securities - - - 430,701 (209,740) 220,961 Proceeds from disposal of assets - - (997) 2,422 - 1,425 Dividends from subsidiaries - - 210,959 - (210,959) - Change in other, net 596 - (300) (64,742) 62,492 (1,954) Net cash provided by (used for) investing activities 596 - 180,461 329,804 (358,207) 152,654 Cash flows from financing activities: Draws on credit facilities - - - 820 - 820 Payments on credit facilities - (247,000) - (675) - (247,675) Intercompany funding - 505,805 (270,510) (235,295) - - Proceeds from long-term debt - - - - 209,975 209,975 Payments on long-term debt - (1,740) - (11) (62,151) (63,902) Payments to purchase additional noncontrolling interests - - - - - - Dividends and other payments to noncontrolling interests - - - (214,914) 210,959 (3,955) Deferred financing charges - 159 - (4) (1,219) (1,064) Change in other, net (596) (596) - 413 596 (183) Net cash provided by (used for) financing activities (596) 256,628 (270,510) (449,666) 358,160 (105,984) Effect of exchange rate changes on cash - - - (2,431) - (2,431) Net decrease in cash and cash equivalents - - 28,357 (75,766) - (47,409) Cash and cash equivalents at beginning of period - 9 182,152 525,990 - 708,151 Cash and cash equivalents at end of period $ - $ 9 $ 210,509 $ 450,224 $ - $ 660,742	NOTE 16 – GUARANTOR SUBSIDIARIES The Company and certain of iHeart’s direct and indirect wholly-owned domestic subsidiaries (the “Guarantor Subsidiaries”) fully and unconditionally guaranteed on a joint and several basis certain of iHeart’s outstanding indebtedness. The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 Accounts receivable, net of allowance - - 695,356 699,892 - 1,395,248 Intercompany receivables (1) - 1,875,543 - 138,890 (2,014,433) - Prepaid expenses - 1,671 55,092 134,809 - 191,572 Other current assets - 24,522 48,490 93,656 (30,369) 136,299 Total Current Assets - 1,901,743 1,024,340 1,298,862 (2,044,802) 2,180,143 Structures, net - - - 1,614,199 - 1,614,199 Other property, plant and equipment, net - - 792,599 292,266 - 1,084,865 Indefinite-lived intangibles - licenses - - 2,411,071 - - 2,411,071 Indefinite-lived intangibles - permits - - - 1,066,748 - 1,066,748 Other intangibles, net - - 787,772 418,955 - 1,206,727 Goodwill - - 3,366,558 820,866 - 4,187,424 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 947,806 (947,806) - Investment in subsidiaries (9,875,294) 4,236,322 7,269 - 5,631,703 - Other assets - 102,020 55,690 731,598 (600,243) 289,065 Total Assets $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 Accounts payable $ - $ - $ 56,093 $ 76,165 $ - $ 132,258 Accrued expenses - (97,506) 348,479 548,502 - 799,475 Intercompany payable (1) - - 2,014,433 - (2,014,433) - Accrued interest - 278,502 - 4,767 (30,369) 252,900 Deferred income - - 79,110 96,938 - 176,048 Current portion of long-term debt - - 143 3,461 - 3,604 Total Current Liabilities - 180,996 2,498,258 729,833 (2,044,802) 1,364,285 Long-term debt - 15,998,144 5,030 4,930,468 (611,228) 20,322,414 Long-term intercompany payable - 947,806 - - (947,806) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (70,053) 988,675 646,919 (1,653) 1,563,888 Other long-term liabilities - 20,485 199,517 234,861 - 454,863 Total member’s interest (deficit) (9,875,294) (9,875,293) 3,791,819 649,219 5,644,341 (9,665,208) Total Liabilities and Member’s Equity $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 (1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 9 $ 182,152 $ 525,990 $ - $ 708,151 Accounts receivable, net of allowance - - 727,419 713,082 - 1,440,501 Intercompany receivables (1) - 3,022,719 - 61,825 (3,084,544) - Prepaid expenses - 1,743 56,070 145,672 - 203,485 Other current assets - 22,184 69,474 341,948 (272,449) 161,157 Total Current Assets - 3,046,655 1,035,115 1,788,517 (3,356,993) 2,513,294 Structures, net - - - 1,765,510 - 1,765,510 Other property, plant and equipment, net - - 815,358 316,762 - 1,132,120 Indefinite-lived intangibles - licenses - - 2,416,406 - - 2,416,406 Indefinite-lived intangibles - permits - - - 1,067,783 - 1,067,783 Other intangibles, net - - 970,926 495,620 - 1,466,546 Goodwill - - 3,348,299 853,888 - 4,202,187 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 879,108 (879,108) - Investment in subsidiaries (9,053,312) 3,876,744 231,141 - 4,945,427 - Other assets - 109,231 51,920 686,900 (314,595) 533,456 Total Assets $ (9,053,312) $ 7,994,630 $ 8,869,165 $ 7,854,088 $ (567,269) $ 15,097,302 Accounts payable $ - $ - $ 45,289 $ 86,081 $ - $ 131,370 Accrued expenses - (133,481) 361,977 578,714 - 807,210 Intercompany payable (1) - - 3,084,544 - (3,084,544) - Accrued interest - 219,921 241 3,966 (29,284) 194,844 Deferred income - - 65,710 110,750 - 176,460 Current portion of long-term debt - 437,735 - 15,999 - 453,734 Total Current Liabilities - 524,175 3,557,761 795,510 (3,113,828) 1,763,618 Long-term debt - 15,798,376 4,000 4,919,377 (691,274) 20,030,479 Long-term intercompany payable - 879,108 - - (879,108) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (175,925) 1,056,586 656,941 218 1,537,820 Other long-term liabilities - 22,207 189,573 250,240 - 462,020 Total member’s interest (deficit) (9,053,312) (9,053,311) 3,099,245 1,232,020 5,078,723 (8,696,635) Total Liabilities and Member’s Equity $ (9,053,312) $ 7,994,630 $ 8,869,165 $ 7,854,088 $ (567,269) $ 15,097,302 (1) The intercompany payable balance includes approximately $7.3 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) Year Ended December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,348,477 $ 2,988,848 $ (18,792) $ 6,318,533 Operating expenses: Direct operating expenses - - 940,428 1,607,507 (6,985) 2,540,950 Selling, general and administrative expenses - - 1,130,445 561,985 (11,807) 1,680,623 Corporate expenses - 10,496 178,941 130,894 - 320,331 Depreciation and amortization - - 303,299 407,599 - 710,898 Impairment charges - - 20,646 3,530 - 24,176 Other operating income, net - - 32,772 7,259 - 40,031 Operating income (loss) - (10,496) 807,490 284,592 - 1,081,586 Interest expense, net - 1,459,461 52,210 214,008 15,917 1,741,596 Gain (loss) on marketable securities - - - 62,895 (62,895) - Equity in earnings (loss) of nonconsolidated affiliates (722,412) 458,156 73,080 (8,889) 190,649 (9,416) Gain (loss) on extinguishment of debt - 127,707 (181,078) - 10,024 (43,347) Other income (expense), net - (90) (4,397) 16,152 (2,561) 9,104 Income (loss) before income taxes (722,412) (884,184) 642,885 140,742 119,300 (703,669) Income tax benefit (expense) - 161,772 (179,835) (40,426) - (58,489) Consolidated net income (loss) (722,412) (722,412) 463,050 100,316 119,300 (762,158) Less amount attributable to noncontrolling interest - - 4,894 26,709 - 31,603 Net income (loss) attributable to the Company $ (722,412) $ (722,412) $ 458,156 $ 73,607 $ 119,300 $ (793,761) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 20,569 (142,447) - (121,878) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - 3,924 3,447 (7,044) 327 Unrealized holding gain on cash flow derivatives - - - - - - Other adjustments to comprehensive income (loss) - - - (11,438) - (11,438) Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - (8,181) - 11,498 - 3,317 Equity in subsidiary comprehensive income (loss) (101,548) (93,367) (140,694) - 335,609 - Comprehensive income (loss) (823,960) (823,960) 341,955 (65,333) 447,865 (923,433) Less amount attributable to noncontrolling interest - - (14,653) (6,427) - (21,080) Comprehensive income (loss) attributable to the Company $ (823,960) $ (823,960) $ 356,608 $ (58,906) $ 447,865 $ (902,353) (In thousands) Year Ended December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,287,967 $ 2,973,493 $ (18,416) $ 6,243,044 Operating expenses: Direct operating expenses - - 967,980 1,604,236 (7,196) 2,565,020 Selling, general and administrative expenses - - 1,092,683 557,465 (11,220) 1,638,928 Corporate expenses - 10,819 178,296 124,399 - 313,514 Depreciation and amortization - - 326,185 404,643 - 730,828 Impairment charges - - 3,820 13,150 - 16,970 Other operating income, net - - 11 22,987 - 22,998 Operating income (loss) - (10,819) 719,014 292,587 - 1,000,782 Interest expense, net - 1,396,249 39,991 171,682 41,529 1,649,451 Gain (loss) on marketable securities - - 170,133 (18) (39,236) 130,879 Equity in earnings (loss) of nonconsolidated affiliates (501,897) 439,900 (94,224) (77,410) 155,935 (77,696) Loss on extinguishment of debt - (87,868) - - - (87,868) Other income (expense), net - (23,551) 25,534 258 (24,221) (21,980) Income (loss) before income taxes (501,897) (1,078,587) 780,466 43,735 50,949 (705,334) Income tax benefit (expense) - 576,690 (421,063) (33,810) - 121,817 Consolidated net income (loss) (501,897) (501,897) 359,403 9,925 50,949 (583,517) Less amount attributable to noncontrolling interest - - (768) 24,134 - 23,366 Net income (loss) attributable to the Company $ (501,897) $ (501,897) $ 360,171 $ (14,209) $ 50,949 $ (606,883) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 15,380 (48,381) - (33,001) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - 15,390 4,441 (3,255) 16,576 Unrealized holding gain on cash flow derivatives - 48,180 - - - 48,180 Other adjustments to comprehensive income (loss) - - - 6,732 - 6,732 Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - - (82,321) (1,431) - (83,752) Equity in subsidiary comprehensive income (loss) (39,534) (87,714) (36,445) - 163,693 - Comprehensive income (loss) (541,431) (541,431) 272,175 (52,848) 211,387 (652,148) Less amount attributable to noncontrolling interest - - (282) (2,194) - (2,476) Comprehensive income (loss) attributable to the Company $ (541,431) $ (541,431) $ 272,457 $ (50,654) $ 211,387 $ (649,672) (In thousands) Year Ended December 31, 2012 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,288,779 $ 2,974,108 $ (16,003) $ 6,246,884 Operating expenses: Direct operating expenses - - 898,939 1,613,571 (7,981) 2,504,529 Selling, general and administrative expenses - - 1,079,482 588,829 (8,022) 1,660,289 Corporate expenses - 10,829 166,546 115,832 - 293,207 Depreciation and amortization - - 328,633 400,652 - 729,285 Impairment charges - - - 37,651 - 37,651 Other operating income (expense), net - - (2,825) 50,952 - 48,127 Operating income (loss) - (10,829) 812,354 268,525 - 1,070,050 Interest expense, net - 1,307,703 23,143 139,824 78,353 1,549,023 Loss on marketable securities - (1) (2,001) (2,578) - (4,580) Equity in earnings (loss) of nonconsolidated affiliates (336,674) 492,819 (174,774) 19,464 17,722 18,557 Loss on extinguishment of debt - (33,652) - (221,071) - (254,723) Other income (expense), net - (1) 3,960 5,743 (9,452) 250 Income (loss) before income taxes (336,674) (859,367) 616,396 (69,741) (70,083) (719,469) Income tax benefit (expense) - 522,693 (246,380) 31,966 - 308,279 Consolidated net income (loss) (336,674) (336,674) 370,016 (37,775) (70,083) (411,190) Less amount attributable to noncontrolling interest - - (10,613) 23,902 - 13,289 Net income (loss) attributable to the Company $ (336,674) $ (336,674) $ 380,629 $ (61,677) $ (70,083) $ (424,479) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - (399) 40,641 - 40,242 Unrealized gain (loss) on securities and derivatives: Unrealized holding gain (loss) on marketable securities - - 25,676 (8,151) 5,578 23,103 Unrealized holding gain on cash flow derivatives - 52,112 - - - 52,112 Other adjustments to comprehensive income (loss) 2 (2) - 1,135 - 1,135 Reclassification adjustment for realized loss on securities included in consolidated net income (loss) - - - 2,045 - 2,045 Equity in subsidiary comprehensive income (loss) 107,179 55,069 33,967 - (196,215) - Comprehensive income (loss) (229,493) (229,495) 439,873 (26,007) (260,720) (305,842) Less amount attributable to noncontrolling interest - - 4,175 1,703 - 5,878 Comprehensive income (loss) attributable to the Company $ (229,493) $ (229,495) $ 435,698 $ (27,710) $ (260,720) $ (311,720) (In thousands) Year Ended December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (722,412) $ (722,412) $ 463,050 $ 100,316 $ 119,300 $ (762,158) Reconciling items: Impairment charges - - 20,646 3,530 - 24,176 Depreciation and amortization - - 303,299 407,599 - 710,898 Deferred taxes - 105,872 (53,442) (18,507) - 33,923 Provision for doubtful accounts - - 6,982 7,185 - 14,167 Amortization of deferred financing charges and note discounts, net - 92,277 - (18,493) 15,917 89,701 Share-based compensation - - 2,970 7,743 - 10,713 Gain on disposal of operating assets - - (36,711) (7,801) - (44,512) (Gain) loss on marketable securities - - - (62,895) 62,895 - Equity in (earnings) loss of nonconsolidated affiliates 722,412 (458,156) (73,080) 8,889 (190,649) 9,416 Loss on extinguishment of debt - (127,707) 181,078 - (10,024) 43,347 Other reconciling items, net - - 71 (14,396) - (14,325) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 24,454 (38,352) - (13,898) Increase (decrease) in accrued expenses - 35,975 (13,923) 8,997 - 31,049 Increase (decrease) in accounts payable - - 10,804 (4,400) - 6,404 Increase (decrease) in accrued interest - 94,485 (2,998) 811 (3,738) 88,560 Increase (decrease) in deferred income - - 16,962 (5,674) - 11,288 Changes in other operating assets and liabilities - (1,374) 20,674 (19,605) 6,672 6,367 Net cash provided by (used for) operating activities - (981,040) 870,836 354,947 373 245,116 Cash flows from investing activities: Proceeds from sale of other investments - - - 609,135 (372,517) 236,618 Purchases of businesses - - 502 339 - 841 Purchases of property, plant and equipment - - (86,772) (231,392) - (318,164) Proceeds from disposal of assets - - (2,588) 12,861 - 10,273 Purchases of other operating assets - - (3,629) (912) - (4,541) Investments in subsidiaries - - (125,000) - 125,000 - Dividends from subsidiaries 993 - 363,326 - (364,319) - Change in other, net - - (10,325) (500,451) 497,067 (13,709) Net cash provided by (used for) investing activities 993 - 135,514 (110,420) (114,769) (88,682) Cash flows from financing activities: Draws on credit facilities - 65,000 - 3,010 - 68,010 Payments on credit facilities - (312,000) - (3,682) - (315,682) Intercompany funding - 1,215,783 (965,843) (249,940) - - Proceeds from long-term debt - 2,080,450 - - (17,975) 2,062,475 Payments on long-term debt - (2,042,255) 2,743 (48) (59,541) (2,099,101) Payments to purchase additional noncontrolling interests - - - - (48,750) (48,750) Dividends and other payments to noncontrolling interests - (993) - (405,914) 366,880 (40,027) Dividends paid - - - 125,000 (125,000) - Deferred financing charges - (24,947) - (4) (1,218) (26,169) Change in other, net (993) - - 2,236 - 1,243 Net cash provided by (used for) financing activities (993) 981,038 (963,100) (529,342) 114,396 (398,001) Effect of exchange rate changes on cash - - - (9,560) - (9,560) Net decrease in cash and cash equivalents - (2) 43,250 (294,375) - (251,127) Cash and cash equivalents at beginning of period - 9 182,152 525,990 - 708,151 Cash and cash equivalents at end of period $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 (In thousands) Year Ended December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (501,897) $ (501,897) $ 359,403 $ 9,925 $ 50,949 $ (583,517) Reconciling items: Impairment charges - - 3,820 13,150 - 16,970 Depreciation and amortization - - 326,185 404,643 - 730,828 Deferred taxes - (96,806) 3,870 (65,234) - (158,170) Provision for doubtful accounts - - 15,052 5,191 - 20,243 Amortization of deferred financing charges and note discounts, net - 141,886 (3,621) (55,452) 41,529 124,342 Share-based compensation - - 8,990 7,725 - 16,715 Gain on disposal of operating assets - - (11) (22,987) - (22,998) (Gain) loss on marketable securities - - (170,133) 18 39,236 (130,879) Equity in (earnings) loss of nonconsolidated affiliates 501,897 (439,900) 94,224 77,410 (155,935) 77,696 Loss on extinguishment of debt - 87,868 - - - 87,868 Other reconciling items, net - 1 (111) 20,014 - 19,904 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - (72,752) 43,147 - (29,605) Increase in accrued expenses - - 8,072 18,033 - 26,105 Increase (decrease) in accounts payable - - 7,853 (10,473) - (2,620) Increase (decrease) in accrued interest - 11,714 321 4,087 (108) 16,014 Increase in deferred income - - 6,953 555 - 7,508 Changes in other operating assets and liabilities - (35,373) 40,257 (8,524) 108 (3,532) Net cash provided by (used for) operating activities - (832,507) 628,372 441,228 (24,221) 212,872 Cash flows from investing activities: Proceeds from sale of other investments - - 75 355,073 (219,577) 135,571 Purchases of businesses - - (97) - - (97) Purchases of property, plant and equipment - - (118,024) (206,502) - (324,526) Proceeds from disposal of assets - - 39,464 42,134 - 81,598 Purchases of other operating assets - - (11,049) (10,483) - (21,532) Dividends from subsidiaries - 329,867 200,785 - (530,652) - Change in other, net (270) - (1,236) (3,143) 270 (4,379) Net cash provided by (used for) investing activities (270) 329,867 109,918 177,079 (749,959) (133,365) Cash flows from financing activities: Draws on credit facilities - 269,500 - 2,752 - 272,252 Payments on credit facilities - (22,500) - (4,815) - (27,315) Intercompany funding - 1,160,225 (805,529) (378,917) 24,221 - Proceeds from long-term debt - 575,000 - - - 575,000 Payments on long-term debt - (1,461,811) - (6,626) 219,577 (1,248,860) Payments to purchase additional noncontrolling interests - - - (61,143) - (61,143) Dividends and other payments to noncontrolling interests - - - (91,887) - (91,887) Dividends paid - - (84,377) (446,275) 530,652 - Deferred financing charges - (18,046) - (344) - (18,390) Change in other, net 270 270 - 4,191 (270) 4,461 Net cash provided by (used for) financing activities 270 502,638 (889,906) (983,064) 774,180 (595,882) Effect of exchange rate changes on cash - - - (484) - (484) Net decrease in cash and cash equivalents - (2) (151,616) (365,241) - (516,859) Cash and cash equivalents at beginning of period - 11 333,768 891,231 - 1,225,010 Cash and cash equivalents at end of period $ - $ 9 $ 182,152 $ 525,990 $ - $ 708,151 (In thousands) Year Ended December 31, 2012 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (336,674) $ (336,674) $ 370,016 $ (37,775) $ (70,083) $ (411,190) Reconciling items: Impairment charges - - - 37,651 - 37,651 Depreciation and amortization - - 328,633 400,652 - 729,285 Deferred taxes - (164,449) 20,143 (160,305) - (304,611) Provision for doubtful accounts - - 4,459 7,256 - 11,715 Amortization of deferred financing charges and note discounts, net - 196,549 (7,534) (103,271) 78,353 164,097 Share-based compensation - - 17,951 10,589 - 28,540 (Gain) loss on disposal of operating assets - - 2,825 (50,952) - (48,127) Loss on marketable securities - 1 2,001 2,578 - 4,580 Equity in (earnings) loss of nonconsolidated affiliates 336,674 (492,819) 174,774 (19,464) (17,722) (18,557) Loss on extinguishment of debt - 33,652 - 221,071 - 254,723 Other reconciling items, net - - (7,707) 21,941 - 14,234 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 12,256 (46,494) - (34,238) Increase in accrued expenses - - 9,432 25,442 - 34,874 Increase in accounts payable - - 11,312 2,551 - 13,863 Increase (decrease) in accrued interest - 21,731 - (2,377) 869 20,223 Increase in deferred income - - 9,521 23,961 - 33,482 Changes in other operating assets and liabilities - (60,782) (16,167) 32,406 (869) (45,412) Net cash provided by (used for) operating activities - (802,791) 931,915 365,460 (9,452) 485,132 Cash flows from investing activities: Proceeds from sale of other investments - - - 50,149 (50,149) - Purchases of businesses - - (45,395) (4,721) - (50,116) Purchases of property, plant and equipment - - (114,023) (276,257) - (390,280) Proceeds from disposal of assets - - 3,223 56,442 - 59,665 Purchases of other operating assets - - (9,107) (5,719) - (14,826) Dividends from subsidiaries - 1,925,661 1,916,209 - (3,841,870) - Change in other, net - - 2,700 (4,857) 693 (1,464) Net cash provided by (used for) investing activities - 1,925,661 1,753,607 (184,963) (3,891,326) (397,021) Cash flows from financing activities: Draws on credit facilities - 602,500 - 2,063 - 604,563 Payments on credit facilities - (1,928,051) - (3,368) - (1,931,419) Intercompany funding - 914,258 (896,192) (18,066) - - Proceeds from long-term debt - - - 4,917,643 - 4,917,643 Payments on long-term debt - (695,342) (927) (2,700,786) 50,149 (3,346,906) Payments to purchase additional noncontrolling interests - - - (7,040) - (7,040) Dividends and other payments to noncontrolling interests - - - (251,665) - (251,665) Dividends paid - - (1,916,207) (1,935,115) 3,851,322 - Deferred financing charges - (13,629) - (69,988) - (83,617) Change in other, net - (2,596) - 6,381 (693) 3,092 Net cash used for financing activities - (1,122,860) (2,813,326) (59,941) 3,900,778 (95,349) Effect of exchange rate changes on cash - - - 3,566 - 3,566 Net increase (decrease) in cash and cash equivalents - 10 (127,804) 124,122 - (3,672) Cash and cash equivalents at beginning of period - 1 461,572 767,109 - 1,228,682 Cash and cash equivalents at end of period $ - $ 11 $ 333,768 $ 891,231 $ - $ 1,225,010

Investments

Investments	12 Months Ended
	Dec. 31, 2014
Investments	NOTE 3 – INVESTMENTS The Company’s most significant investments in nonconsolidated affiliates are listed below: Australian Radio Network The Company owned a fifty-percent (50%) interest in Australian Radio Network (“ARN”), an Australian company that owns and operates radio stations in Australia and New Zealand. An impairment charge of $95.4 million was recorded during the fourth quarter of 2013 to write down the investment to its estimated fair value. On February 18, 2014, a subsidiary of the Company sold its 50% interest in ARN, recognizing a loss on the sale of $2.4 million and $11.5 million of foreign exchange losses that were reclassified from accumulated other comprehensive income at the date of the sale. Buspak The Company owned a 50% interest in Buspak, a bus advertising company in Hong Kong. On July 18, 2014, a subsidiary of the Company sold its 50% interest in Buspak, recognizing a gain on the sale of $4.5 million. Summarized Financial Information The following table summarizes the Company’s investments in nonconsolidated affiliates: (In thousands) ARN All Total Balance at December 31, 2012 $ 353,062 $ 17,850 $ 370,912 Cash advances (repayments) - 3,051 3,051 Acquisitions of investments, net - 1,354 1,354 Equity in loss (75,318) (2,378) (77,696) Foreign currency translation adjustment (37,068) 4 (37,064) Distributions received (19,926) (1,750) (21,676) Other - (76) (76) Balance at December 31, 2013 $ 220,750 $ 18,055 $ 238,805 Cash advances (repayments) - 3,452 3,452 Acquisitions of investments, net - 1,811 1,811 Equity in earnings (loss) (12,678) 3,262 (9,416) Foreign currency transaction adjustment 1,449 77 1,526 Distributions received (228) (1,000) (1,228) Proceeds on sale (220,783) (15,820) (236,603) Other 11,490 (344) 11,146 Balance at December 31, 2014 $ - $ 9,493 $ 9,493 The investments in the table above are not consolidated, but are accounted for under the equity method of accounting, whereby the Company records its investments in these entities in the balance sheet as “Other assets.” The Company’s interests in their operations are recorded in the statement of comprehensive loss as “Equity in earnings (loss) of nonconsolidated affiliates.”

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2014
Asset Retirement Obligation	NOTE 4 – ASSET RETIREMENT OBLIGATION The Company’s asset retirement obligation is reported in “Other long-term liabilities” with the current portion recorded in “Accrued liabilities” and relates to its obligation to dismantle and remove outdoor advertising displays and radio broadcasting towers from leased land and to reclaim the site to its original condition upon the termination or non-renewal of a lease or contract. When the liability is recorded, the cost is capitalized as part of the related long-lived assets’ carrying value. Due to the high rate of lease renewals over a long period of time, the calculation assumes that all related assets will be removed at some period over the next 50 years. An estimate of third-party cost information is used with respect to the dismantling of the structures and the reclamation of the site. The interest rate used to calculate the present value of such costs over the retirement period is based on an estimated risk adjusted credit rate for the same period. The following table presents the activity related to the Company’s asset retirement obligation: (In thousands) Years Ended December 31, 2014 2013 Beginning balance $ 59,380 $ 56,849 Adjustment due to changes in estimates (5,391) 806 Accretion of liability 7,858 5,106 Liabilities settled (5,802) (3,323) Foreign Currency (1,834) (58) Ending balance $ 54,211 $ 59,380

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements	NOTE 6 – FAIR VALUE MEASUREMENTS ASC 820-10-35 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Marketable Equity Securities The Company’s marketable equity securities are measured at fair value on each reporting date. The marketable equity securities are measured at fair value using quoted prices in active markets. Due to the fact that the inputs used to measure the marketable equity securities at fair value are observable, the Company has categorized the fair value measurements of the securities as Level 1. The cost, unrealized holding gains or losses, and fair value of the Company’s investments at December 31, 2014 and 2013 are as follows: (In thousands) Gross Gross Investments Amortized Cost Unrealized Losses Unrealized Gains Fair Value 2014 Available-for-sale $ 369 $ - $ 1,609 $ 1,978 Other cost investments 16,269 - - 16,269 Total $ 16,638 $ - $ 1,609 $ 18,247 2013 Available-for-sale $ 659 $ - $ 1,283 $ 1,942 Other cost investments 7,783 - - 7,783 Total $ 8,442 $ - $ 1,283 $ 9,725 During 2013, the Company sold shares of Sirius XM Radio, Inc. held by it for $135.5 million. In connection with the sale of shares of Sirius XM Radio, Inc., a realized gain of $130.9 million and income tax expense of $48.6 million were reclassified out of accumulated other comprehensive loss into “Gain on marketable securities” and “Income tax benefit,” respectively. The net difference of $82.3 million is reported as a reduction of “Other comprehensive income (loss).” Other cost investments include various investments in companies for which there is no readily determinable market value. The Company recognized other-than-temporary impairments of $2.0 million on a cost investment for the year ended December 31, 2012, which was a non-cash impairment charge recorded in “Loss on marketable securities.”

Guarantees

Guarantees	12 Months Ended
	Dec. 31, 2014
Guarantees	NOTE 8 – GUARANTEES As of December 31, 2014, iHeartCommunications had outstanding surety bonds and commercial standby letters of credit of $47.7 million and $113.9 million, respectively, of which no letters of credit were cash secured. These letters of credit and surety bonds relate to various operational matters including insurance, bid, concession and performance bonds as well as other items. As of December 31, 2014, iHeartCommunications had outstanding bank guarantees of $55.1 million. Bank guarantees in the amount of $15.2 million are backed by cash collateral.

Employee Stock and Savings Plan

Employee Stock and Savings Plans	12 Months Ended
	Dec. 31, 2014
Employee Stock and Savings Plans	NOTE 11 – EMPLOYEE STOCK AND SAVINGS PLANS iHeartCommunications has various 401(k) savings and other plans for the purpose of providing retirement benefits for substantially all employees. Under these plans, an employee can make pre-tax contributions and iHeartCommunications will match a portion of such an employee’s contribution. Employees vest in these iHeartCommunications matching contributions based upon their years of service to iHeartCommunications. Contributions of $27.6 million, $26.6 million and $29.5 million to these plans for the years ended December 31, 2014, 2013 and 2012, respectively, were expensed. iHeartCommunications offers a non-qualified deferred compensation plan for a select group of management or highly compensated employees, under which such employees were able to make an annual election to defer up to 50% of their annual salary and up to 80% of their bonus before taxes. iHeartCommunications suspended all salary and bonus deferrals and company matching contributions to the deferred compensation plan on January 1, 2010. iHeartCommunications accounts for the plan in accordance with the provisions of ASC 710-10. Matching credits on amounts deferred may be made in iHeartCommunications’ sole discretion and iHeartCommunications retains ownership of all assets until distributed. Participants in the plan have the opportunity to allocate their deferrals and any iHeartCommunications matching credits among different investment options, the performance of which is used to determine the amounts to be paid to participants under the plan. In accordance with the provisions of ASC 710-10, the assets and liabilities of the non-qualified deferred compensation plan are presented in “Other assets” and “Other long-term liabilities” in the accompanying consolidated balance sheets, respectively. The asset and liability under the deferred compensation plan at December 31, 2014 was approximately $11.6 million recorded in “Other assets” and $11.6 million recorded in “Other long-term liabilities”, respectively. The asset and liability under the deferred compensation plan at December 31, 2013 was approximately $11.8 million recorded in “Other assets” and $11.8 million recorded in “Other long-term liabilities”, respectively.

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2014
Quarterly Results of Operations (Unaudited)	NOTE 14 – QUARTERLY RESULTS OF OPERATIONS (Unaudited) (In thousands, except per share data) Three Months Ended Three Months Ended Three Months Ended Three Months Ended 2014 2013 2014 2013 2014 2013 2014 2013 Revenue $ 1,342,548 $ 1,343,058 $ 1,630,154 $ 1,618,097 $ 1,630,034 $ 1,587,522 $ 1,715,797 $ 1,694,367 Operating expenses: Direct operating expenses 597,688 599,310 644,870 635,528 648,409 651,413 649,983 678,769 Selling, general and administrative expenses 414,636 401,833 418,928 408,399 427,259 408,684 419,800 420,012 Corporate expenses 72,705 80,800 82,197 75,328 78,202 89,574 87,227 67,812 Depreciation and amortization 174,871 182,182 174,062 179,734 175,865 177,330 186,100 191,582 Impairment charges - - 4,902 - 35 - 19,239 16,970 Other operating income, net 165 2,395 (1,628) 1,113 47,172 6,186 (5,678) 13,304 Operating income 82,813 81,328 303,567 320,221 347,436 266,707 347,770 332,526 Interest expense 431,114 385,525 440,605 407,508 432,616 438,404 437,261 418,014 Gain (loss) on marketable securities - - - 130,898 - 31 - (50) Equity in earnings (loss) of nonconsolidated affiliates (13,326) 3,641 (16) 5,971 3,955 3,983 (29) (91,291) Gain (loss) on extinguishment of debt (3,916) (3,888) (47,503) - (4,840) - 12,912 (83,980) Other income (expense), net 1,541 (1,000) 12,157 (18,098) 2,617 1,709 (7,211) (4,591) Income (loss) before income taxes (364,002) (305,444) (172,400) 31,484 (83,448) (165,974) (83,819) (265,400) Income tax benefit (expense) (68,388) 96,325 621 (11,477) (24,376) 73,802 33,654 (36,833) Consolidated net income (loss) (432,390) (209,119) (171,779) 20,007 (107,824) (92,172) (50,165) (302,233) Less amount attributable to noncontrolling interest (8,200) (6,116) 14,852 12,805 7,028 9,683 17,923 6,994 Net income (loss) attributable to the Company $ (424,190) $ (203,003) $ (186,631) $ 7,202 $ (114,852) $ (101,855) $ (68,088) $ (309,227)

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	3 Months Ended
	Mar. 31, 2015
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Allowance for Doubtful Accounts (In thousands) Charges Description Balance at to Costs, Write-off Other (1) Balance Year ended December 31, 2012 $ 63,098 $ 11,715 $ 14,082 $ (4,814 ) $ 55,917 Year ended December 31, 2013 $ 55,917 $ 20,242 $ 28,492 $ 734 $ 48,401 Year ended December 31, 2014 $ 48,401 $ 14,167 $ 20,368 $ (2,502 ) $ 39,698 (1) Primarily foreign currency adjustments and acquisition and/or divestiture activity. SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Deferred Tax Asset Valuation Allowance (In thousands) Charges Description Balance at to Costs, (1) Reversal (2) Adjustments (3) Balance Year ended December 31, 2012 $ 193,052 $ 14,309 $ (21,727 ) $ (1,948 ) $ 183,686 Year ended December 31, 2013 $ 183,686 $ 149,107 $ (5 ) $ (5,165 ) $ 327,623 Year ended December 31, 2014 $ 327,623 $ 356,583 $ (230 ) $ (28,318 ) $ 655,658 (1) During 2012, 2013 and 2014, the Company recorded valuation allowances on deferred tax assets attributable to net operating losses in certain foreign jurisdictions. In addition, during 2013 and 2014 the Company recorded a valuation allowance of $143.5 million and $339.8 million, respectively, on a portion of its deferred tax assets attributable to federal and state net operating loss carryforwards due to the uncertainty of the ability to utilize those losses in future periods. (2) During 2012, 2013 and 2014, the Company realized the tax benefits associated with certain foreign deferred tax assets, primarily related to foreign loss carryforwards, on which a valuation allowance was previously recorded. The associated valuation allowance was reversed in the period in which, based on the weight of available evidence, it is more-likely-than-not that the deferred tax asset will be realized. (3) During 2012, 2013 and 2014, the Company adjusted certain valuation allowances as a result of changes in tax rates in certain jurisdictions and as a result of the expiration of carryforward periods for net operating loss carryforwards.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements	New Accounting Pronouncements During the first quarter of 2015, the Company adopted the Financial Accounting Standards Board’s (“FASB”) ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity measurement and disclosure of discontinued operations. The amendments were effective for fiscal years (and interim periods within) beginning after December 15, 2014 and were to be applied retrospectively to all prior periods presented for such obligations that existed at the beginning of an entity’s fiscal year of adoption. The adoption of these standards did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis	New Accounting Pronouncements During the first quarter of 2014, the Company adopted the Financial Accounting Standards Board’s (“FASB”) ASU No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date During the first quarter of 2014, the Company adopted the FASB’s ASU No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity of an Investment in a Foreign Entity During the first quarter of 2014, the Company adopted the FASB’s ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. During the second quarter of 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers During the third quarter of 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period
Nature of Business		Nature of Business The Company is a limited liability company organized under Delaware law, with all of its interests being held by iHeartMedia Capital II, LLC, a direct, wholly owned subsidiary of iHeartMedia, Inc. (“Parent”). Parent was formed in May 2007 by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsors”) for the purpose of acquiring the business of iHeartCommunications. The acquisition was completed on July 30, 2008 pursuant to the Agreement and Plan of Merger, dated November 16, 2006, as amended on April 18, 2007, May 17, 2007 and May 13, 2008 (the “Merger Agreement”). iHeartCommunications is a wholly-owned subsidiary of the Company. Upon the consummation of the merger, Parent became a public company and iHeart was no longer a public company. Prior to the acquisition, the Company had not conducted any activities, other than activities incident to its formation and in connection with the acquisition, and did not have any assets or liabilities, other than as related to the acquisition. Subsequent to the acquisition, iHeartCommunications became a direct, wholly-owned subsidiary of the Company and the business of the Company became that of iHeartCommunications and its subsidiaries. As a result, all of the operations of the Company are conducted by iHeartCommunications. The Company’s reportable operating segments are iHeartMedia (“iHM”), Americas outdoor advertising (“Americas outdoor”), and International outdoor advertising (“International outdoor”). The iHM segment provides media and entertainment services via broadcast and digital delivery. The Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Included in the “Other” category are the Company’s media representation business, Katz Media Group, as well as other general support services and initiatives, which are ancillary to its other businesses.
Use of Estimates		Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates, judgments, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes including, but not limited to, legal, tax and insurance accruals. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Principles of Consolidation		Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20 percent to 50 percent of the voting common stock or otherwise exercises significant influence over operating and financial policies of the Company are accounted for using the equity method of accounting. All significant intercompany accounts have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the 2014 presentation. The Company is the beneficiary of two trusts created to comply with Federal Communications Commission (“FCC”) ownership rules. The radio stations owned by the trusts are managed by independent trustees. The trustees are marketing these stations for sale, and the stations will have to be sold unless any stations may be owned by the Company under then-current FCC rules, in which case the trusts will be terminated with respect to such stations. The trust agreements stipulate that the Company must fund any operating shortfalls of the trust activities, and any excess cash flow generated by the trusts is distributed to the Company. The Company is also the beneficiary of proceeds from the sale of stations held in the trusts. The Company consolidates the trusts in accordance with ASC 810-10, which requires an enterprise involved with variable interest entities to perform an analysis to determine whether the enterprise’s variable interest or interests give it a controlling financial interest in the variable interest entity, as the trusts were determined to be a variable interest entity and the Company is the primary beneficiary under the trusts.
Cash and Cash Equivalents		Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with an original maturity of three months or less.
Accounts Receviable and Allowance for Doubtful Accounts		Accounts Receivable Accounts receivable are recorded at the invoiced amount, net of reserves for sales returns and allowances, and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers.
Business Combinations		Business Combinations The Company accounts for its business combinations under the acquisition method of accounting. The total cost of an acquisition is allocated to the underlying identifiable net assets, based on their respective estimated fair values. The excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, asset lives and market multiples, among other items. Various acquisition agreements may include contingent purchase consideration based on performance requirements of the investee. The Company accounts for these payments in conformity with the provisions of ASC 805-20-30, which establish the requirements related to recognition of certain assets and liabilities arising from contingencies.
Property, Plant and Equipment		Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method at rates that, in the opinion of management, are adequate to allocate the cost of such assets over their estimated useful lives, which are as follows: Buildings and improvements – 10 to 39 years Structures – 5 to 15 years Towers, transmitters and studio equipment – 7 to 20 years Furniture and other equipment – 3 to 20 years Leasehold improvements – shorter of economic life or lease term assuming renewal periods, if appropriate For assets associated with a lease or contract, the assets are depreciated at the shorter of the economic life or the lease or contract term, assuming renewal periods, if appropriate. Expenditures for maintenance and repairs are charged to operations as incurred, whereas expenditures for renewal and betterments are capitalized. The Company tests for possible impairment of property, plant, and equipment whenever events and circumstances indicate that depreciable assets might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. When specific assets are determined to be unrecoverable, the cost basis of the asset is reduced to reflect the current fair market value.
Land Leases and Other Structure Licenses		Land Leases Most of the Company’s outdoor advertising structures are located on leased land. Americas outdoor land leases are typically paid in advance for periods ranging from one to 12 months. International outdoor land leases are paid both in advance and in arrears, for periods ranging from one to 12 months. Most international street furniture display faces are operated through contracts with municipalities for up to 20 years. The leased land and street furniture contracts often include a percent of revenue to be paid along with a base rent payment. Prepaid land leases are recorded as an asset and expensed ratably over the related rental term and rent payments in arrears are recorded as an accrued liability.
Intangible Assets		Intangible Assets The Company’s indefinite-lived intangible assets include FCC broadcast licenses in its iHM segment and billboard permits in its Americas outdoor advertising segment. The Company’s indefinite-lived intangible assets are not subject to amortization, but are tested for impairment at least annually. The Company tests for possible impairment of indefinite-lived intangible assets whenever events or changes in circumstances, such as a significant reduction in operating cash flow or a dramatic change in the manner for which the asset is intended to be used indicate that the carrying amount of the asset may not be recoverable. The Company performs its annual impairment test for its FCC licenses and permits using a direct valuation technique as prescribed in ASC 805-20-S99. The Company engages Mesirow Financial Consulting LLC (“Mesirow Financial”), a third party valuation firm, to assist the Company in the development of these assumptions and the Company’s determination of the fair value of its FCC licenses and permits. Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets include primarily transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases, all of which are amortized over the respective lives of the agreements, or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company tests for possible impairment of other intangible assets whenever events and circumstances indicate that they might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. When specific assets are determined to be unrecoverable, the cost basis of the asset is reduced to reflect the current fair market value.
Goodwill		Goodwill At least annually, the Company performs its impairment test for each reporting unit’s goodwill. The Company uses a discounted cash flow model to determine if the carrying value of the reporting unit, including goodwill, is less than the fair value of the reporting unit. The Company identified its reporting units in accordance with ASC 350-20-55. The U.S. radio markets are aggregated into a single reporting unit and the Company’s U.S. outdoor advertising markets are aggregated into a single reporting unit for purposes of the goodwill impairment test. The Company also determined that within its Americas outdoor segment, Canada constitutes a separate reporting unit and each country in its International outdoor segment constitutes a separate reporting unit. The Company had no impairment of goodwill in 2014. The Company recognized a non-cash impairment charge to goodwill of $10.7 million based on declining future cash flows expected in one country in the International outdoor segment for 2013. The Company had no impairment of goodwill for 2012.
Nonconsolidated Affiliates		Nonconsolidated Affiliates In general, investments in which the Company owns 20 percent to 50 percent of the common stock or otherwise exercises significant influence over the investee are accounted for under the equity method. The Company does not recognize gains or losses upon the issuance of securities by any of its equity method investees. The Company reviews the value of equity method investments and records impairment charges in the statement of operations as a component of “Equity in earnings (loss) of nonconsolidated affiliates” for any decline in value that is determined to be other-than-temporary.
Other Investments		Other Investments Other investments are composed primarily of equity securities. These securities are classified as available-for-sale or trading and are carried at fair value based on quoted market prices. Securities are carried at historical value when quoted market prices are unavailable. The net unrealized gains or losses on the available-for-sale securities, net of tax, are reported in accumulated other comprehensive loss as a component of member’s deficit. In addition, the Company holds investments that do not have quoted market prices. The Company periodically assesses the value of available-for-sale and non-marketable securities and records impairment charges in the statement of comprehensive loss for any decline in value that is determined to be other-than-temporary. The average cost method is used to compute the realized gains and losses on sales of equity securities. The Company periodically assesses the value of its available-for-sale securities. Based on these assessments, there were no impairments during the years ended December 31, 2014 and 2013. The Company concluded that other-than-temporary impairments existed at December 31, 2012 and recorded a noncash impairment charge of $4.6 million during the year ended December 31, 2012. Such charge is recorded on the statement of comprehensive loss in “Gain (Loss) on marketable securities”.
Derivative Instruments and Hedging Activities		Derivative Instruments and Hedging Activities Prior to the expiration of the Company’s interest rate swap agreement on September 30, 2013, the provisions of ASC 815-10 required the Company to recognize it as either an asset or liability in the consolidated balance sheet at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. The interest rate swap was designated and qualified as a hedging instrument, and was characterized as a cash flow hedge. The Company formally documented all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company formally assessed, both at inception and at least quarterly thereafter prior to expiration, whether the derivatives that were used in hedging transactions were highly effective in offsetting changes in either the fair value or cash flows of the hedged item.
Fair Value of Financial Instruments, Policy		Financial Instruments Due to their short maturity, the carrying amounts of accounts and notes receivable, accounts payable, accrued liabilities, and short-term borrowings approximated their fair values at December 31, 2014 and 2013.
Income Taxes		Income Taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting bases and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax asset or liability is expected to be realized or settled. Deferred tax assets are reduced by valuation allowances if the Company believes it is more likely than not that some portion or the entire asset will not be realized. Generally all earnings from the Company’s foreign operations are permanently reinvested and not distributed. The Company has not provided U.S. federal income taxes for temporary differences with respect to investments in foreign subsidiaries, which at December 31, 2014 currently result in tax basis amounts greater than the financial reporting basis. It is not apparent that these unrecognized deferred tax assets will reverse in the foreseeable future. If any excess cash held by our foreign subsidiaries were needed to fund operations in the United States, we could presently repatriate available funds without a requirement to accrue or pay U.S. taxes. This is a result of significant current and historic deficits in our foreign earnings and profits, which gives us flexibility to make future cash distributions as non-taxable returns of capital. We regularly review our tax liabilities on amounts that may be distributed in future periods and provide for foreign withholding and other current and deferred taxes on any such amounts. The determination of the amount of federal income taxes, if any, that might become due in the event that our foreign earnings are distributed is not practicable.
Revenue Recognition		Revenue Recognition iHM revenue is recognized as advertisements or programs are broadcast and is generally billed monthly. Outdoor advertising contracts typically cover periods of a few weeks up to one year and are generally billed monthly. Revenue for outdoor advertising space rental is recognized ratably over the term of the contract. Advertising revenue is reported net of agency commissions. Agency commissions are calculated based on a stated percentage applied to gross billing revenue for the Company’s media and entertainment and outdoor operations. Payments received in advance of being earned are recorded as deferred income. Revenue arrangements may contain multiple products and services and revenues are allocated based on the relative fair value of each delivered item and recognized in accordance with the applicable revenue recognition criteria for the specific unit of accounting. Barter transactions represent the exchange of advertising spots or display space for merchandise, services or other assets. These transactions are recorded at the estimated fair market value of the advertising spots or display space or the fair value of the merchandise or services received, whichever is most readily determinable. Revenue is recognized on barter and trade transactions when the advertisements are broadcasted or displayed. Expenses are recorded ratably over a period that estimates when the merchandise, service or other assets received is utilized, or when the event occurs. Barter and trade revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively. Barter and trade revenues and expenses from continuing operations were as follows: (In millions) Years Ended December 31, 2014 2013 2012 Barter and trade revenues $ 69.4 $ 66.0 $ 56.5 Barter and trade expenses 68.1 58.5 58.8
Advertising Expense		Advertising Expense The Company records advertising expense as it is incurred. Advertising expenses were $103.0 million, $133.7 million and $113.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.
Share-Based Compensation		Share-Based Compensation Under the fair value recognition provisions of ASC 718-10, share-based compensation cost is measured at the grant date based on the fair value of the award. For awards that vest based on service conditions, this cost is recognized as expense on a straight-line basis over the vesting period. For awards that will vest based on market or performance conditions, this cost will be recognized when it becomes probable that the performance conditions will be satisfied. Determining the fair value of share-based awards at the grant date requires assumptions and judgments about expected volatility and forfeiture rates, among other factors. The Company does not have any equity incentive plans under which it grants stock awards to employees. Employees of subsidiaries of the Company receive equity awards from Parent’s equity incentive plan or CCOH’s equity incentive plan.
Foreign Currency		Foreign Currency Results of operations for foreign subsidiaries and foreign equity investees are translated into U.S. dollars using the average exchange rates during the year. The assets and liabilities of those subsidiaries and investees are translated into U.S. dollars using the exchange rates at the balance sheet date. The related translation adjustments are recorded in a separate component of member’s deficit, “Accumulated other comprehensive loss”. Foreign currency transaction gains and losses are included in operations.
Recent Developments		Recent Developments The Company reevaluated its segment reporting and determined that its Latin American operations should be managed by its Americas outdoor leadership team. As a result, the operations of Latin America are no longer reflected within the Company’s International outdoor segment and are included in the results of its Americas outdoor segment. In addition, the Company reorganized a portion of its national representation business such that the cost of sales personnel for iHM radio stations are now included in the iHM segment and its national representation business no longer charges iHM for intercompany cost allocations. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the Americas outdoor segment and has also recast the corresponding segment disclosures to reflect internal representation services as direct expenses of iHM.

Property, Plant and Equipment25

Property, Plant and Equipment, Intangible Assets and Goodwill (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following classes of assets at March 31, 2015 and December 31, 2014, respectively: (In thousands) March 31, December 31, Land, buildings and improvements $ 698,642 $ 731,925 Structures 2,961,735 2,999,582 Towers, transmitters and studio equipment 457,517 453,044 Furniture and other equipment 544,002 536,255 Construction in progress 68,030 95,671 4,729,926 4,816,477 Less: accumulated depreciation 2,144,136 2,117,413 Other property, plant and equipment, net $ 2,585,790 $ 2,699,064	The Company’s property, plant and equipment consisted of the following classes of assets at December 31, 2014 and 2013, respectively. (In thousands) December 31, December 31, Land, buildings and improvements $ 731,925 $ 723,268 Structures 2,999,582 3,021,152 Towers, transmitters and studio equipment 453,044 440,612 Furniture and other equipment 536,255 473,995 Construction in progress 95,671 123,814 4,816,477 4,782,841 Less: accumulated depreciation 2,117,413 1,885,211 Property, plant and equipment, net $ 2,699,064 $ 2,897,630
Schedule Of Other Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at March 31, 2015 and December 31, 2014, respectively: (In thousands) March 31, 2015 December 31, 2014 Gross Carrying Accumulated Gross Carrying Accumulated Transit, street furniture and other outdoor contractual rights $ 666,821 $ (445,797 ) $ 716,723 $ (476,523 ) Customer / advertiser relationships 1,222,518 (800,930 ) 1,222,518 (765,596 ) Talent contracts 319,384 (231,083 ) 319,384 (223,936 ) Representation contracts 240,017 (211,229 ) 238,313 (206,338 ) Permanent easements 171,238 — 171,271 - Other 388,247 (177,705 ) 388,160 (177,249 ) Total $ 3,008,225 $ (1,866,744 ) $ 3,056,369 $ (1,849,642 )	The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets at December 31, 2014 and 2013, respectively: (In thousands) December 31, 2014 December 31, 2013 Gross Carrying Accumulated Gross Carrying Accumulated Transit, street furniture and other outdoor contractual rights $ 716,723 $(476,523) $ 777,521 $(464,548) Customer / advertiser relationships 1,222,518 (765,596) 1,212,745 (645,988) Talent contracts 319,384 (223,936) 319,617 (195,403) Representation contracts 238,313 (206,338) 252,961 (200,058) Permanent easements 171,271 - 173,753 - Other 388,160 (177,249) 387,405 (151,459) Total $ 3,056,369 $(1,849,642) $ 3,124,002 $(1,657,456)
Schedule Of Future Amortization Expenses	The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2016 $ 222,529 2017 199,136 2018 126,019 2019 41,451 2020 35,217	The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2015 $ 236,019 2016 219,485 2017 197,061 2018 127,730 2019 42,274
Schedule Of Changes In Carrying Amount Of Goodwill	The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor International Other Consolidated Balance as of December 31, 2013 $ 3,234,807 $ 585,227 $ 264,907 $ 117,246 $ 4,202,187 Acquisitions 17,900 - - 299 18,199 Foreign currency - (653) (32,369) - (33,022) Other 60 - - - 60 Balance as of December 31, 2014 $ 3,252,767 $ 584,574 $ 232,538 $ 117,545 $ 4,187,424 Acquisitions - - - - - Foreign currency - (167) (16,625) - (16,792) Other - - - - - Balance as of March 31, 2015 $ 3,252,767 $ 584,407 $ 215,913 $ 117,545 $ 4,170,632	The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor International Other Consolidated Balance as of December 31, 2012 $ 3,236,688 $ 585,307 $ 276,941 $ 117,149 $ 4,216,085 Impairment - - (10,684) - (10,684) Acquisitions - - - 97 97 Dispositions - - (456) - (456) Foreign currency - (80) (894) - (974) Other (1,881) - - - (1,881) Balance as of December 31, 2013 $ 3,234,807 $ 585,227 $ 264,907 $ 117,246 $ 4,202,187 Acquisitions 17,900 - - 299 18,199 Foreign currency - (653) (32,369) - (33,022) Other 60 - - - 60 Balance as of December 31, 2014 $ 3,252,767 $ 584,574 $ 232,538 $ 117,545 $ 4,187,424

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Long-Term Debt	Long-term debt at March 31, 2015 and December 31, 2014 consisted of the following: (In thousands) March 31, 2015 December 31, 2014 Senior Secured Credit Facilities (1) $ 6,300,000 $ 7,231,222 Receivables Based Credit Facility Due 2017 120,000 - 9.0% Priority Guarantee Notes Due 2019 1,999,815 1,999,815 9.0% Priority Guarantee Notes Due 2021 1,750,000 1,750,000 11.25% Priority Guarantee Notes Due 2021 575,000 575,000 9.0% Priority Guarantee Notes Due 2022 1,000,000 1,000,000 10.625% Priority Guarantee Notes Due 2023 950,000 - Subsidiary Revolving Credit Facility Due 2018 - - Other Secured Subsidiary Debt (2) 16,729 19,257 Total Consolidated Secured Debt 12,711,544 12,575,294 14.0% Senior Notes Due 2021 1,678,314 1,661,697 iHeartCommunications Legacy Notes (3) 667,900 667,900 10.0% Senior Notes Due 2018 730,000 730,000 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Other Subsidiary Debt 467 1,024 Purchase accounting adjustments and original issue discount (227,186) (234,897) Total debt 20,486,039 20,326,018 Less: current portion 2,844 3,604 Total long-term debt $ 20,483,195 $ 20,322,414 (1) Term Loan D and Term Loan E mature in 2019. (2) Other secured subsidiary debt matures at various dates from 2015 through 2025. (3) iHeartCommunications’ Legacy Notes, all of which were issued prior to the acquisition by iHeartMedia, Inc., consist of Senior Notes maturing at various dates from 2016 through 2027.	Long-term debt at December 31, 2014 and 2013 consisted of the following: (In thousands) December 31, 2014 December 31, 2013 Senior Secured Credit Facilities 7,231,222 8,225,754 Receivables Based Facility Due 2017 - 247,000 Priority Guarantee Notes 5,324,815 4,324,815 Subsidiary Revolving Credit Facility Due 2018 - - Other Secured Subsidiary Debt 19,257 21,124 Total Consolidated Secured Debt 12,575,294 12,818,693 10.75% Senior Cash Pay Notes Due 2016 - 94,304 11.00%/11.75% Senior Toggle Notes Due 2016 - 127,941 14.0% Senior Notes Due 2021 1,661,697 1,404,202 iHeartCommunications Legacy Notes 667,900 1,436,455 10.0% Senior Notes Due 2018 730,000 - Subsidiary Senior Notes 4,925,000 4,925,000 Other Subsidiary Debt 1,024 10 Purchase accounting adjustments and original issue discount (234,897) (322,392) 20,326,018 20,484,213 Less: current portion 3,604 453,734 Total long-term debt $ 20,322,414 $ 20,030,479 As of December 31, 2014, iHeartCommunications had senior secured credit facilities consisting of: (In thousands) Maturity December 31, December 31, Term Loan B 1/29/2016 $ 916,061 1,890,978 Term Loan C 1/29/2016 15,161 34,776 Term Loan D 1/30/2019 5,000,000 5,000,000 Term Loan E 7/30/2019 1,300,000 1,300,000 Total Senior Secured Credit Facilities $ 7,231,222 $ 8,225,754 Priority Guarantee Notes As of December 31, 2014, iHeartCommunications had outstanding Priority Guarantee Notes consisting of: (In thousands) Maturity Date Interest Rate Interest Payment Terms December 31, December 31, 9.0% Priority Guarantee Notes due 2019 12/15/2019 9.0% Payable semi-annually in arrears on June 15 and December 15 of each year $ 1,999,815 1,999,815 9.0% Priority Guarantee Notes due 2021 3/1/2021 9.0% Payable semi-annually in arrears on March 1 and September 1 of each year 1,750,000 1,750,000 11.25% Priority Guarantee Notes due 2021 3/1/2021 11.25% Payable semi-annually on March 1 and September 1 of each year 575,000 575,000 9.0% Priority Guarantee Notes due 2022 9/15/2022 9.0% Payable semi-annually in arrears on March 15 and September 15 of each year 1,000,000 - Total Priority Guarantee Notes $ 5,324,815 4,324,815 Legacy Notes As of December 31, 2014, iHeartCommunications had outstanding senior notes (net of $57.1 million aggregate principal amount held by a subsidary of iHeartCommunications) consisting of: (In thousands) December 31, December 31, 5.5% Senior Notes Due 2014 $ - 461,455 4.9% Senior Notes Due 2015 - 250,000 5.5% Senior Notes Due 2016 192,900 250,000 6.875% Senior Notes Due 2018 175,000 175,000 7.25% Senior Notes Due 2027 300,000 300,000 Total Legacy Notes $ 667,900 1,436,455 Subsidiary Senior Notes As of December 31, 2014, the Company’s subsidiary, Clear Channel Worldwide Holdings, Inc. (“CCWH”) had outstanding notes consisting of: (In thousands) Maturity Date Interest Rate Interest Payment Terms December 31, December 31, CCWH Senior Notes: 6.5% Series A Senior Notes Due 2022 11/15/2022 6.5% Payable to the trustee weekly in arrears and to the noteholders on May 15 and November 15 of each year $ 735,750 735,750 6.5% Series B Senior Notes Due 2022 11/15/2022 6.5% Payable to the trustee weekly in arrears and to the noteholders on May 15 and November 15 of each year 1,989,250 1,989,250 CCWH Senior Subordinated Notes: 7.625% Series A Senior Notes Due 2020 3/15/2020 7.625% Payable to the trustee weekly in arrears and to the noteholders on March 15 and September 15 of each year 275,000 275,000 7.625% Series B Senior Notes Due 2020 3/15/2020 7.625% Payable to the trustee weekly in arrears and to the noteholders on March 15 and September 15 of each year 1,925,000 1,925,000 Total CCWH Notes $ 4,925,000 4,925,000
Schedule of Maturities of Long-Term Debt		Future maturities of long-term debt at December 31, 2014 are as follows: (in thousands) 2015 $ 3,604 2016 1,126,920 2017 8,208 2018 909,272 2019 8,300,043 Thereafter 10,212,868 Total (1) $ 20,560,915 (1) Excludes purchase accounting adjustments and original issue discount of $234.9 million, which is amortized through interest expense over the life of the underlying debt obligations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Components of income Tax	The Company’s income tax expense for the three months ended March 31, 2015 and 2014, respectively, consisted of the following components: (In thousands) Three Months Ended March 31, 2015 2014 Current tax expense $ (40,385) $ (43,080) Deferred tax expense (16,220) (25,308) Income tax expense $ (56,605) $ (68,388)	Significant components of the provision for income tax benefit (expense) are as follows: (In thousands) Years Ended December 31, 2014 2013 2012 Current - Federal $ (503 ) $ 10,586 $ 61,655 Current - foreign (27,256 ) (48,466 ) (48,579 ) Current - state 3,193 1,527 (9,408 ) Total current benefit (expense) (24,566 ) (36,353 ) 3,668 Deferred - Federal (29,284 ) 126,905 261,014 Deferred - foreign 4,308 8,932 27,970 Deferred - state (8,947 ) 22,333 15,627 Total deferred benefit (expense) (33,923 ) 158,170 304,611 Income tax benefit (expense) $ (58,489 ) $ 121,817 $ 308,279
Schedule of Deferred Tax Assets and Liabilities		Significant components of the Company’s deferred tax liabilities and assets as of December 31, 2014 and 2013 are as follows: (In thousands) 2014 2013 Deferred tax liabilities: Intangibles and fixed assets $ 2,335,584 $ 2,402,168 Long-term debt 119,887 183,615 Investments in nonconsolidated affiliates 1,121 - Other investments 5,575 6,759 Other 8,857 6,655 Total deferred tax liabilities 2,471,024 2,599,197 Deferred tax assets: Accrued expenses 111,884 106,651 Investments in nonconsolidated affiliates - 1,824 Net operating loss carryforwards 1,445,340 1,287,239 Bad debt reserves 9,346 9,726 Other 34,017 35,527 Total gross deferred tax assets 1,600,587 1,440,967 Less: Valuation allowance 655,658 327,623 Total deferred tax assets 944,929 1,113,344 Net deferred tax liabilities $ 1,526,095 $ 1,485,853
Schedule of Effective Income Tax Rate Reconciliation		The reconciliation of income tax computed at the U.S. Federal statutory tax rates to income tax benefit is: Years Ended December 31, (In thousands) 2014 2013 2012 Amount Percent Amount Percent Amount Percent Income tax benefit at statutory rates $ 246,284 35% $ 246,867 35% $ 251,814 35% State income taxes, net of federal tax effect 26,518 4% 32,768 4% 6,218 1% Foreign income taxes 11,074 2% (22,640) (3%) 8,782 2% Nondeductible items (5,533) (1%) (4,870) (1%) (4,617) (1%) Changes in valuation allowance and other estimates (333,641) (47%) (135,161) (19%) 50,697 7% Other, net (3,191) (1%) 4,853 1% (4,615) (1%) Income tax benefit (expense) $ (58,489) (8%) $ 121,817 17% $ 308,279 43%
Schedule of Unrecognized Tax Benefits		The total amount of unrecognized tax benefits at December 31, 2014 and 2013 that, if recognized, would impact the effective income tax rate is $68.8 million and $100.1 million, respectively. (In thousands) Years Ended December 31, Unrecognized Tax Benefits 2014 2013 Balance at beginning of period $ 129,375 $ 138,437 Increases for tax position taken in the current year 13,848 12,004 Increases for tax positions taken in previous years 6,003 13,163 Decreases for tax position taken in previous years (9,764) (21,928) Decreases due to settlements with tax authorities (8,181) (1,113) Decreases due to lapse of statute of limitations (24,367) (11,188) Balance at end of period $ 106,914 $ 129,375

Member's Deficit (Tables)

Member's Deficit (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Changes in Member's Deficit and Other Comprehensive Loss	The following table shows the changes in member’s deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total ownership interest: (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2015 $ (9,889,348) $ 224,140 $ (9,665,208) Net Loss (384,966) (1,668) (386,634) Dividends and other payments to noncontrolling interests - (2,119) (2,119) Purchase of additional noncontrolling interests (19,264) (1,136) (20,400) Foreign currency translation adjustments (75,840) (6,319) (82,159) Unrealized holding gain on marketable securities 738 84 822 Other adjustments to comprehensive loss (1,036) (118) (1,154) Other, net 593 2,576 3,169 Balances at March 31, 2015 $ (10,369,123) $ 215,440 $ (10,153,683) (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2014 $ (8,942,166) $ 245,531 $ (8,696,635) Net loss (424,190) (8,200) (432,390) Foreign currency translation adjustments 875 (3,092) (2,217) Unrealized holding gain on marketable securities 955 129 1,084 Other adjustments to comprehensive loss 3,309 - 3,309 Other, net 430 (1,533) (1,103) Balances at March 31, 2014 $ (9,360,787) $ 232,835 $ (9,127,952)	The following table shows the changes in member’s deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total ownership interest: (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2014 $ (8,942,166) $ 245,531 $ (8,696,635) Net income (loss) (793,761) 31,603 (762,158) Dividends and other payments to noncontrolling interests - (40,027) (40,027) Purchase of additional noncontrolling interests (46,806) (1,944) (48,750) Foreign currency translation adjustments (101,980) (19,898) (121,878) Unrealized holding gain on marketable securities 285 42 327 Other adjustments to comprehensive loss (10,214) (1,224) (11,438) Reclassifications 3,316 1 3,317 Other, net 1,978 10,056 12,034 Balances at December 31, 2014 $ (9,889,348) $ 224,140 $ (9,665,208) (In thousands) The Company Noncontrolling Consolidated Balances at January 1, 2013 $ (8,299,188) $ 303,997 $ (7,995,191) Net income (loss) (606,883) 23,366 (583,517) Dividends and other payments to noncontrolling interests - (91,887) (91,887) Foreign currency translation adjustments (29,755) (3,246) (33,001) Unrealized holding gain on marketable securities 16,439 137 16,576 Unrealized holding gain on cash flow derivatives 48,180 - 48,180 Other adjustments to comprehensive loss 5,932 800 6,732 Reclassifications (83,585) (167) (83,752) Other, net 6,694 12,531 19,225 Balances at December 31, 2013 $ (8,942,166) $ 245,531 $ (8,696,635)
Schedule of Stock Options and Valuation Assumptions		The following assumptions were used to calculate the fair value of the options granted during the year ended December 31, 2012: Years Ended December 31, 2014 (1) 2013 (1) 2012 Expected volatility N/A N/A 71% – 77% Expected life in years N/A N/A 6.3 – 6.5 Risk-free interest rate N/A N/A 0.97% – 1.55% Dividend yield N/A N/A 0% (1) The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods equal to the expected life of the option. The following assumptions were used to calculate the fair value of CCOH’s options on the date of grant: Years Ended December 31, 2014 2013 2012 Expected volatility 54% – 56% 55% – 56% 54% – 56% Expected life in years 6.3 6.3 6.3 Risk-free interest rate 1.73% – 2.08% 1.05% – 2.19% 0.92% – 1.48% Dividend yield 0% 0% 0%
Schedule of Stock Options Vested and Expected to Vest Outstanding		The following table presents a summary of Parent’s stock options outstanding at and stock option activity during the year ended December 31, 2014 (“Price” reflects the weighted average exercise price per share): (In thousands, except per share data) Options Price Weighted Outstanding, January 1, 2014 2,509 $ 33.11 Granted (1) - - Exercised - - Forfeited (125) 36.00 Expired (83) 36.00 Outstanding, December 31, 2014 (2) 2,301 32.85 4.3years Exercisable 1,480 31.95 4.0years Expected to Vest 797 35.20 4.7years (1) The weighted average grant date fair value of options granted during the years ended December 31, 2012 was $2.68 per share. No options were granted during the years ended December 31, 2013 and 2014. (2) Non-cash compensation expense has not been recorded with respect to 0.6 million shares as the vesting of these options is subject to performance conditions that have not yet been determined probable to meet. The following table presents a summary of CCOH’s stock options outstanding at and stock option activity during the year ended December 31, 2014 (“Price” reflects the weighted average exercise price per share): (In thousands, except per share data) Options Price Weighted Aggregate Outstanding, January 1, 2014 6,909 $9.60 Granted (1) 627 8.64 Exercised (2) (459) 5.23 Forfeited (628) 8.11 Expired (424) 10.58 Outstanding, December 31, 2014 6,025 9.92 5.1years $13,956 Exercisable 4,471 10.56 4.1years $10,065 Expected to vest 1,487 8.08 7.8years $3,729 (1) The weighted average grant date fair value of CCOH options granted during the years ended December 31, 2014, 2013 and 2012 was $4.69, $4.10 and $4.43 per share, respectively. (2) Cash received from option exercises during the years ended December 31, 2014, 2013 and 2012 was $2.4 million, $4.2 million and $6.4 million, respectively. The total intrinsic value of the options exercised during the years ended December 31, 2014, 2013 and 2012 was $1.5 million, $5.0 million and $7.9 million, respectively.
Schedule of Unvested Stock Options Activity		A summary of Parents’s unvested options and changes during the year ended December 31, 2014 is presented below: (In thousands, except per share data) Options Weighted Unvested, January 1, 2014 1,086 $ 10.74 Granted - - Vested (1) (140) 2.32 Forfeited (125) 2.16 Unvested, December 31, 2014 821 13.61 (1) The total fair value of the options vested during the years ended December 31, 2014, 2013 and 2012 was $0.3 million, $6.3 million and $3.9 million, respectively. A summary of CCOH’s unvested options at and changes during the year ended December 31, 2014 is presented below: (In thousands, except per share data) Options Weighted Unvested, January 1, 2014 2,645 $ 5.21 Granted 627 4.69 Vested (1) (1,091) 5.59 Forfeited (628) 4.74 Unvested, December 31, 2014 1,553 4.92 (1) The total fair value of CCOH options vested during the years ended December 31, 2014, 2013 and 2012 was $6.1 million, $7.1 million and $11.5 million, respectively.
Schedule of Restricted Stock and Restricted Stock Units Activity		The following table presents a summary of Parent’s restricted stock outstanding and restricted stock activity as of and during the year ended December 31, 2014 (“Price” reflects the weighted average share price at the date of grant): (In thousands, except per share data) Awards Price Outstanding, January 1, 2014 3,919 $ 3.35 Granted 1,826 7.86 Vested (restriction lapsed) (506) 3.14 Forfeited (710) 8.85 Outstanding, December 31, 2014 4,529 5.02 The following table presents a summary of CCOH’s restricted stock and restricted stock units outstanding at and activity during the year ended December 31, 2014 (“Price” reflects the weighted average share price at the date of grant): (In thousands, except per share data) Awards Price Outstanding, January 1, 2014 1,892 $ 6.83 Granted 1,040 8.88 Vested (restriction lapsed) (64) 6.86 Forfeited (410) 7.76 Outstanding, December 31, 2014 2,458 7.54

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Operating Segment Results	The following table presents the company’s reportable segment results for the three months ended March 31, 2015 and 2014. (In thousands) iHM Americas International Other Corporate and Eliminations Consolidated Three Months Ended March 31, 2015 Revenue $ 697,801 $ 295,863 $ 319,180 $ 35,462 $ - $ (3,742) $ 1,344,564 Direct operating expenses 213,829 146,234 216,737 3,398 - (1,679) 578,519 Selling, general and administrative expenses 261,349 55,637 71,493 29,772 - (2,063) 416,188 Depreciation and amortization 60,742 50,340 42,441 7,666 9,264 - 170,453 Corporate expenses - - - - 77,288 - 77,288 Other operating expense, net - - - - (8,974) - (8,974) Operating income (loss) $ 161,881 $ 43,652 $ (11,491) $ (5,374) $ (95,526) $ - $ 93,142 Intersegment revenues $ - $ 1,101 $ - $ 2,641 $ - $ - $ 3,742 Capital expenditures $ 11,913 $ 16,695 $ 25,105 $ 1,051 $ 1,691 $ - $ 56,455 Share-based compensation expense $ - $ - $ - $ - $ 2,524 $ - $ 2,524 Three Months Ended March 31, 2014 Revenue $ 670,347 $ 290,610 $ 344,641 $ 41,495 $ - $ (4,545) $ 1,342,548 Direct operating expenses 211,946 143,364 238,149 6,388 - (2,159) 597,688 Selling, general and administrative expenses 253,345 56,368 76,581 30,728 - (2,386) 414,636 Depreciation and amortization 60,324 49,712 48,331 8,719 7,785 - 174,871 Corporate expenses - - - - 72,705 - 72,705 Other operating income, net - - - - 165 - 165 Operating income (loss) $ 144,732 $ 41,166 $ (18,420) $ (4,340) $ (80,325) $ - $ 82,813 Intersegment revenues $ - $ 976 $ - $ 3,569 $ - $ - $ 4,545 Capital expenditures $ 10,292 $ 16,444 $ 20,862 $ 1,807 $ 18,003 $ - $ 67,408 Share-based compensation expense $ - $ - $ - $ - $ 3,036 $ - $ 3,036	The following table presents the Company’s revised reportable segment results for the years ended December 31, 2014, 2013 and 2012. (In thousands) iHM Americas International Other Corporate Eliminations Consolidated Year Ended December 31, 2014 Revenue $ 3,161,503 $ 1,350,623 $ 1,610,636 $ 212,676 $ - $ (16,905 ) $ 6,318,533 Direct operating expenses 927,674 605,771 991,117 24,009 - (7,621 ) 2,540,950 Selling, general and administrative expenses 1,018,930 233,641 314,878 122,448 - (9,274 ) 1,680,623 Depreciation and amortization 240,868 203,928 198,143 33,543 34,416 - 710,898 Impairment charges - - - - 24,176 - 24,176 Corporate expenses - - - - 320,341 (10 ) 320,331 Other operating income, net - - - - 40,031 - 40,031 Operating income (loss) $ 974,031 $ 307,283 $ 106,498 $ 32,676 $ (338,902 ) $ - $ 1,081,586 Intersegment revenues $ 10 $ 3,436 $ - $ 13,459 $ - $ - $ 16,905 Segment assets $ 7,720,181 $ 3,664,574 $ 1,680,598 $ 277,388 $ 697,501 $ - $ 14,040,242 Capital expenditures $ 50,403 $ 109,727 $ 117,480 $ 5,744 $ 34,810 $ - 318,164 Share-based compensation expense $ - $ - $ - $ - $ 10,713 $ - $ 10,713 Year Ended December 31, 2013 Revenue $ 3,131,595 $ 1,385,757 $ 1,560,433 $ 181,993 $ - $ (16,734 ) $ 6,243,044 Direct operating expenses 953,577 610,750 983,978 25,271 - (8,556 ) 2,565,020 Selling, general and administrative expenses 984,704 243,456 300,116 118,830 - (8,178 ) 1,638,928 Depreciation and amortization 262,136 206,031 194,493 39,291 28,877 - 730,828 Impairment charges - - - - 16,970 - 16,970 Corporate expenses - - - - 313,514 - 313,514 Other operating income, net - - - - 22,998 - 22,998 Operating income (loss) $ 931,178 $ 325,520 $ 81,846 $ (1,399 ) $ (336,363 ) $ - $ 1,000,782 Intersegment revenues $ - $ 2,473 $ - $ 14,261 $ - $ - $ 16,734 Segment assets $ 7,933,564 $ 3,823,347 $ 1,899,648 $ 534,363 $ 906,380 $ - $ 15,097,302 Capital expenditures $ 75,742 $ 96,590 $ 100,949 $ 9,933 $ 41,312 $ - $ 324,526 Share-based compensation expense $ - $ - $ - $ - $ 16,715 $ - $ 16,715 Year Ended December 31, 2012 Revenue $ 3,084,780 $ 1,367,669 $ 1,579,275 $ 231,667 $ - $ (16,507 ) $ 6,246,884 Direct operating expenses 888,914 625,852 977,640 25,088 - (12,965 ) 2,504,529 Selling, general and administrative expenses 959,182 262,645 312,017 129,987 - (3,542 ) 1,660,289 Depreciation and amortization 262,409 200,372 196,909 45,568 24,027 - 729,285 Impairment charges - - - - 37,651 - 37,651 Corporate expenses - - - - 293,207 - 293,207 Other operating income, net - - - - 48,127 - 48,127 Operating income (loss) $ 974,275 $ 278,800 $ 92,709 $ 31,024 $ (306,758 ) $ - $ 1,070,050 Intersegment revenues $ - $ 1,175 $ 80 $ 15,252 $ - $ - $ 16,507 Segment assets $ 8,061,701 $ 3,991,147 $ 2,100,397 $ 815,435 $ 1,324,033 $ - $ 16,292,713 Capital expenditures $ 65,821 $ 130,786 $ 136,990 $ 17,438 $ 39,245 $ - $ 390,280 Share-based compensation expense $ - $ - $ - $ - $ 28,540 $ - $ 28,540

Guarantor Subsidiaries (Tables)

Guarantor Subsidiaries (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Guarantor's Balance Sheet	The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 49,621 $ 239,386 $ - $ 289,014 Accounts receivable, net of allowance - - 611,099 630,976 - 1,242,075 Intercompany receivables (1) - 1,593,835 - 142,765 (1,736,600) - Prepaid expenses - 3,806 86,216 154,818 - 244,840 Other current assets - 23,569 61,525 69,965 (13,435) 141,624 Total Current Assets - 1,621,217 808,461 1,237,910 (1,750,035) 1,917,553 Structures, net - - - 1,567,653 - 1,567,653 Other property, plant and equipment, net - - 753,932 264,205 - 1,018,137 Indefinite-lived intangibles - licenses - - 2,411,259 - - 2,411,259 Indefinite-lived intangibles - permits - - - 1,065,810 - 1,065,810 Other intangibles, net - - 741,439 400,042 - 1,141,481 Goodwill - - 3,366,558 804,074 - 4,170,632 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 886,321 (886,321) - Investment in subsidiaries (10,337,218) 4,125,095 (111,683) - 6,323,806 - Other assets - 104,819 54,783 752,412 (622,606) 289,408 Total Assets $ (10,337,218) $ 6,813,131 $ 8,024,749 $ 6,978,427 $ 2,102,844 $ 13,581,933 Accounts payable $ - $ - $ 58,111 $ 74,308 $ - $ 132,419 Accrued expenses - (61,802) 346,621 433,599 - 718,418 Intercompany payable (1) - - 1,736,600 - (1,736,600) - Accrued interest - 172,122 - 4,274 (13,435) 162,961 Deferred income - - 84,921 132,098 - 217,019 Current portion of long-term debt - - 144 2,700 - 2,844 Total Current Liabilities - 110,320 2,226,397 646,979 (1,750,035) 1,233,661 Long-term debt - 16,165,799 4,989 4,928,335 (615,928) 20,483,195 Long-term intercompany payable - 886,321 - - (886,321) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (32,570) 957,743 642,120 (328) 1,566,965 Other long-term liabilities - 20,478 201,336 229,981 - 451,795 Total member’s interest (deficit) (10,337,218) (10,337,217) 3,672,284 531,012 6,317,456 (10,153,683) Total Liabilities and Member’s Equity $ (10,337,218) $ 6,813,131 $ 8,024,749 $ 6,978,427 $ 2,102,844 $ 13,581,933 (1) The intercompany payable balance includes approximately $5.8 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 Accounts receivable, net of allowance - - 695,356 699,892 - 1,395,248 Intercompany receivables (1) - 1,875,543 - 138,890 (2,014,433) - Prepaid expenses - 1,671 55,092 134,809 - 191,572 Other current assets - 24,522 48,490 93,656 (30,369) 136,299 Total Current Assets - 1,901,743 1,024,340 1,298,862 (2,044,802) 2,180,143 Structures, net - - - 1,614,199 - 1,614,199 Other property, plant and equipment, net - - 792,599 292,266 - 1,084,865 Indefinite-lived intangibles - licenses - - 2,411,071 - - 2,411,071 Indefinite-lived intangibles - permits - - - 1,066,748 - 1,066,748 Other intangibles, net - - 787,772 418,955 - 1,206,727 Goodwill - - 3,366,558 820,866 - 4,187,424 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 947,806 (947,806) - Investment in subsidiaries (9,875,294) 4,236,322 7,269 - 5,631,703 - Other assets - 102,020 55,690 731,598 (600,243) 289,065 Total Assets $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 Accounts payable $ - $ - $ 56,093 $ 76,165 $ - $ 132,258 Accrued expenses - (97,506) 348,479 548,502 - 799,475 Intercompany payable (1) - - 2,014,433 - (2,014,433) - Accrued interest - 278,502 - 4,767 (30,369) 252,900 Deferred income - - 79,110 96,938 - 176,048 Current portion of long-term debt - - 143 3,461 - 3,604 Total Current Liabilities - 180,996 2,498,258 729,833 (2,044,802) 1,364,285 Long-term debt - 15,998,144 5,030 4,930,468 (611,228) 20,322,414 Long-term intercompany payable - 947,806 - - (947,806) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (70,053) 988,675 646,919 (1,653) 1,563,888 Other long-term liabilities - 20,485 199,517 234,861 - 454,863 Total member’s interest (deficit) (9,875,294) (9,875,293) 3,791,819 649,219 5,644,341 (9,665,208) Total Liabilities and Member’s Equity $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 (1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.	The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 Accounts receivable, net of allowance - - 695,356 699,892 - 1,395,248 Intercompany receivables (1) - 1,875,543 - 138,890 (2,014,433) - Prepaid expenses - 1,671 55,092 134,809 - 191,572 Other current assets - 24,522 48,490 93,656 (30,369) 136,299 Total Current Assets - 1,901,743 1,024,340 1,298,862 (2,044,802) 2,180,143 Structures, net - - - 1,614,199 - 1,614,199 Other property, plant and equipment, net - - 792,599 292,266 - 1,084,865 Indefinite-lived intangibles - licenses - - 2,411,071 - - 2,411,071 Indefinite-lived intangibles - permits - - - 1,066,748 - 1,066,748 Other intangibles, net - - 787,772 418,955 - 1,206,727 Goodwill - - 3,366,558 820,866 - 4,187,424 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 947,806 (947,806) - Investment in subsidiaries (9,875,294) 4,236,322 7,269 - 5,631,703 - Other assets - 102,020 55,690 731,598 (600,243) 289,065 Total Assets $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 Accounts payable $ - $ - $ 56,093 $ 76,165 $ - $ 132,258 Accrued expenses - (97,506) 348,479 548,502 - 799,475 Intercompany payable (1) - - 2,014,433 - (2,014,433) - Accrued interest - 278,502 - 4,767 (30,369) 252,900 Deferred income - - 79,110 96,938 - 176,048 Current portion of long-term debt - - 143 3,461 - 3,604 Total Current Liabilities - 180,996 2,498,258 729,833 (2,044,802) 1,364,285 Long-term debt - 15,998,144 5,030 4,930,468 (611,228) 20,322,414 Long-term intercompany payable - 947,806 - - (947,806) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (70,053) 988,675 646,919 (1,653) 1,563,888 Other long-term liabilities - 20,485 199,517 234,861 - 454,863 Total member’s interest (deficit) (9,875,294) (9,875,293) 3,791,819 649,219 5,644,341 (9,665,208) Total Liabilities and Member’s Equity $ (9,875,294) $ 7,202,085 $ 8,445,299 $ 7,191,300 $ 1,076,852 $ 14,040,242 (1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder. (In thousands) December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash and cash equivalents $ - $ 9 $ 182,152 $ 525,990 $ - $ 708,151 Accounts receivable, net of allowance - - 727,419 713,082 - 1,440,501 Intercompany receivables (1) - 3,022,719 - 61,825 (3,084,544) - Prepaid expenses - 1,743 56,070 145,672 - 203,485 Other current assets - 22,184 69,474 341,948 (272,449) 161,157 Total Current Assets - 3,046,655 1,035,115 1,788,517 (3,356,993) 2,513,294 Structures, net - - - 1,765,510 - 1,765,510 Other property, plant and equipment, net - - 815,358 316,762 - 1,132,120 Indefinite-lived intangibles - licenses - - 2,416,406 - - 2,416,406 Indefinite-lived intangibles - permits - - - 1,067,783 - 1,067,783 Other intangibles, net - - 970,926 495,620 - 1,466,546 Goodwill - - 3,348,299 853,888 - 4,202,187 Intercompany notes receivable - 962,000 - - (962,000) - Long-term intercompany receivable - - - 879,108 (879,108) - Investment in subsidiaries (9,053,312) 3,876,744 231,141 - 4,945,427 - Other assets - 109,231 51,920 686,900 (314,595) 533,456 Total Assets $ (9,053,312) $ 7,994,630 $ 8,869,165 $ 7,854,088 $ (567,269) $ 15,097,302 Accounts payable $ - $ - $ 45,289 $ 86,081 $ - $ 131,370 Accrued expenses - (133,481) 361,977 578,714 - 807,210 Intercompany payable (1) - - 3,084,544 - (3,084,544) - Accrued interest - 219,921 241 3,966 (29,284) 194,844 Deferred income - - 65,710 110,750 - 176,460 Current portion of long-term debt - 437,735 - 15,999 - 453,734 Total Current Liabilities - 524,175 3,557,761 795,510 (3,113,828) 1,763,618 Long-term debt - 15,798,376 4,000 4,919,377 (691,274) 20,030,479 Long-term intercompany payable - 879,108 - - (879,108) - Intercompany long-term debt - - 962,000 - (962,000) - Deferred income taxes - (175,925) 1,056,586 656,941 218 1,537,820 Other long-term liabilities - 22,207 189,573 250,240 - 462,020 Total member’s interest (deficit) (9,053,312) (9,053,311) 3,099,245 1,232,020 5,078,723 (8,696,635) Total Liabilities and Member’s Equity $ (9,053,312) $ 7,994,630 $ 8,869,165 $ 7,854,088 $ (567,269) $ 15,097,302 (1) The intercompany payable balance includes approximately $7.3 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.
Guarantor's Income Statement	(In thousands) Three Months Ended March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 727,465 $ 621,660 $ (4,561) $ 1,344,564 Operating expenses: Direct operating expenses - - 214,462 365,628 (1,571) 578,519 Selling, general and administrative expenses - - 288,874 130,304 (2,990) 416,188 Corporate expenses - 2,694 45,841 28,753 - 77,288 Depreciation and amortization - - 76,041 94,412 - 170,453 Impairment charges - - - - - - Other operating income, net - - (3,530) (5,444) - (8,974) Operating income (loss) - (2,694) 98,717 (2,881) - 93,142 Interest expense, net - 370,114 16,800 54,064 793 441,771 Gain (loss) on marketable securities - - 579 - - 579 Equity in earnings (loss) of nonconsolidated affiliates (384,173) (33,483) (20,873) 522 438,338 331 Gain (loss) on extinguishment of debt - (2,201) - - - (2,201) Other income (expense), net - - 21 19,870 - 19,891 Income (loss) before income taxes (384,173) (408,492) 61,644 (36,553) 437,545 (330,029) Income tax benefit (expense) - 24,319 (97,360) 16,436 - (56,605) Consolidated net income (loss) (384,173) (384,173) (35,716) (20,117) 437,545 (386,634) Less amount attributable to noncontrolling interest - - (2,233) 565 - (1,668) Net income (loss) attributable to the Company $ (384,173) $ (384,173) $ (33,483) $ (20,682) $ 437,545 $ (384,966) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 13,850 (96,009) - (82,159) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - - (1,384) 2,206 822 Unrealized holding gain on cash flow derivatives - - - - - - Other adjustments to comprehensive income (loss) - - - (1,154) - (1,154) Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - - - - - - Equity in subsidiary comprehensive income (loss) (78,344) (78,344) (100,846) - 257,534 - Comprehensive income (loss) (462,517) (462,517) (120,479) (119,229) 697,285 (467,457) Less amount attributable to noncontrolling interest - - (8,652) 2,299 - (6,353) Comprehensive income (loss) attributable to the Company $ (462,517) $ (462,517) $ (111,827) $ (121,528) $ 697,285 $ (461,104) (In thousands) Three Months Ended March 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 705,354 $ 642,291 $ (5,097) $ 1,342,548 Operating expenses: Direct operating expenses - - 215,396 384,183 (1,891) 597,688 Selling, general and administrative expenses - - 281,311 136,531 (3,206) 414,636 Corporate expenses - 2,688 39,320 30,697 - 72,705 Depreciation and amortization - - 75,779 99,092 - 174,871 Impairment charges - - - - - - Other operating income, net - - (2,489) 2,654 - 165 Operating income (loss) - (2,688) 91,059 (5,558) - 82,813 Interest expense, net - 365,228 13,005 43,918 8,963 431,114 Gain (loss) on marketable securities - - - 51,078 (51,078) - Equity in earnings (loss) of nonconsolidated affiliates (362,402) (309) (53,019) (13,237) 415,641 (13,326) Loss on extinguishment of debt - 45,330 (48,366) - (880) (3,916) Other income (expense), net - (46) 614 1,840 (867) 1,541 Income (loss) before income taxes (362,402) (322,941) (22,717) (9,795) 353,853 (364,002) Income tax benefit (expense) - (39,461) 13,707 (42,634) - (68,388) Consolidated net income (loss) (362,402) (362,402) (9,010) (52,429) 353,853 (432,390) Less amount attributable to noncontrolling interest - - (8,701) 501 - (8,200) Net income (loss) attributable to the Company $ (362,402) $ (362,402) $ (309) $ (52,930) $ 353,853 $ (424,190) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - (6,455) 4,238 - (2,217) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - - 99 985 1,084 Other adjustments to comprehensive income (loss) - (8,181) - 11,490 - 3,309 Equity in subsidiary comprehensive income (loss) 4,154 12,335 10,543 - (27,032) - Comprehensive income (loss) (358,248) (358,248) 3,779 (37,103) 327,806 (422,014) Less amount attributable to noncontrolling interest - - (66) (2,897) - (2,963) Comprehensive income (loss) attributable to the Company $ (358,248) $ (358,248) $ 3,845 $ (34,206) $ 327,806 $ (419,051)	(In thousands) Year Ended December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,348,477 $ 2,988,848 $ (18,792) $ 6,318,533 Operating expenses: Direct operating expenses - - 940,428 1,607,507 (6,985) 2,540,950 Selling, general and administrative expenses - - 1,130,445 561,985 (11,807) 1,680,623 Corporate expenses - 10,496 178,941 130,894 - 320,331 Depreciation and amortization - - 303,299 407,599 - 710,898 Impairment charges - - 20,646 3,530 - 24,176 Other operating income, net - - 32,772 7,259 - 40,031 Operating income (loss) - (10,496) 807,490 284,592 - 1,081,586 Interest expense, net - 1,459,461 52,210 214,008 15,917 1,741,596 Gain (loss) on marketable securities - - - 62,895 (62,895) - Equity in earnings (loss) of nonconsolidated affiliates (722,412) 458,156 73,080 (8,889) 190,649 (9,416) Gain (loss) on extinguishment of debt - 127,707 (181,078) - 10,024 (43,347) Other income (expense), net - (90) (4,397) 16,152 (2,561) 9,104 Income (loss) before income taxes (722,412) (884,184) 642,885 140,742 119,300 (703,669) Income tax benefit (expense) - 161,772 (179,835) (40,426) - (58,489) Consolidated net income (loss) (722,412) (722,412) 463,050 100,316 119,300 (762,158) Less amount attributable to noncontrolling interest - - 4,894 26,709 - 31,603 Net income (loss) attributable to the Company $ (722,412) $ (722,412) $ 458,156 $ 73,607 $ 119,300 $ (793,761) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 20,569 (142,447) - (121,878) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - 3,924 3,447 (7,044) 327 Unrealized holding gain on cash flow derivatives - - - - - - Other adjustments to comprehensive income (loss) - - - (11,438) - (11,438) Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - (8,181) - 11,498 - 3,317 Equity in subsidiary comprehensive income (loss) (101,548) (93,367) (140,694) - 335,609 - Comprehensive income (loss) (823,960) (823,960) 341,955 (65,333) 447,865 (923,433) Less amount attributable to noncontrolling interest - - (14,653) (6,427) - (21,080) Comprehensive income (loss) attributable to the Company $ (823,960) $ (823,960) $ 356,608 $ (58,906) $ 447,865 $ (902,353) (In thousands) Year Ended December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,287,967 $ 2,973,493 $ (18,416) $ 6,243,044 Operating expenses: Direct operating expenses - - 967,980 1,604,236 (7,196) 2,565,020 Selling, general and administrative expenses - - 1,092,683 557,465 (11,220) 1,638,928 Corporate expenses - 10,819 178,296 124,399 - 313,514 Depreciation and amortization - - 326,185 404,643 - 730,828 Impairment charges - - 3,820 13,150 - 16,970 Other operating income, net - - 11 22,987 - 22,998 Operating income (loss) - (10,819) 719,014 292,587 - 1,000,782 Interest expense, net - 1,396,249 39,991 171,682 41,529 1,649,451 Gain (loss) on marketable securities - - 170,133 (18) (39,236) 130,879 Equity in earnings (loss) of nonconsolidated affiliates (501,897) 439,900 (94,224) (77,410) 155,935 (77,696) Loss on extinguishment of debt - (87,868) - - - (87,868) Other income (expense), net - (23,551) 25,534 258 (24,221) (21,980) Income (loss) before income taxes (501,897) (1,078,587) 780,466 43,735 50,949 (705,334) Income tax benefit (expense) - 576,690 (421,063) (33,810) - 121,817 Consolidated net income (loss) (501,897) (501,897) 359,403 9,925 50,949 (583,517) Less amount attributable to noncontrolling interest - - (768) 24,134 - 23,366 Net income (loss) attributable to the Company $ (501,897) $ (501,897) $ 360,171 $ (14,209) $ 50,949 $ (606,883) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - 15,380 (48,381) - (33,001) Unrealized gain on securities and derivatives: Unrealized holding gain on marketable securities - - 15,390 4,441 (3,255) 16,576 Unrealized holding gain on cash flow derivatives - 48,180 - - - 48,180 Other adjustments to comprehensive income (loss) - - - 6,732 - 6,732 Reclassification adjustment for realized gain on securities included in consolidated net income (loss) - - (82,321) (1,431) - (83,752) Equity in subsidiary comprehensive income (loss) (39,534) (87,714) (36,445) - 163,693 - Comprehensive income (loss) (541,431) (541,431) 272,175 (52,848) 211,387 (652,148) Less amount attributable to noncontrolling interest - - (282) (2,194) - (2,476) Comprehensive income (loss) attributable to the Company $ (541,431) $ (541,431) $ 272,457 $ (50,654) $ 211,387 $ (649,672) (In thousands) Year Ended December 31, 2012 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Revenue $ - $ - $ 3,288,779 $ 2,974,108 $ (16,003) $ 6,246,884 Operating expenses: Direct operating expenses - - 898,939 1,613,571 (7,981) 2,504,529 Selling, general and administrative expenses - - 1,079,482 588,829 (8,022) 1,660,289 Corporate expenses - 10,829 166,546 115,832 - 293,207 Depreciation and amortization - - 328,633 400,652 - 729,285 Impairment charges - - - 37,651 - 37,651 Other operating income (expense), net - - (2,825) 50,952 - 48,127 Operating income (loss) - (10,829) 812,354 268,525 - 1,070,050 Interest expense, net - 1,307,703 23,143 139,824 78,353 1,549,023 Loss on marketable securities - (1) (2,001) (2,578) - (4,580) Equity in earnings (loss) of nonconsolidated affiliates (336,674) 492,819 (174,774) 19,464 17,722 18,557 Loss on extinguishment of debt - (33,652) - (221,071) - (254,723) Other income (expense), net - (1) 3,960 5,743 (9,452) 250 Income (loss) before income taxes (336,674) (859,367) 616,396 (69,741) (70,083) (719,469) Income tax benefit (expense) - 522,693 (246,380) 31,966 - 308,279 Consolidated net income (loss) (336,674) (336,674) 370,016 (37,775) (70,083) (411,190) Less amount attributable to noncontrolling interest - - (10,613) 23,902 - 13,289 Net income (loss) attributable to the Company $ (336,674) $ (336,674) $ 380,629 $ (61,677) $ (70,083) $ (424,479) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments - - (399) 40,641 - 40,242 Unrealized gain (loss) on securities and derivatives: Unrealized holding gain (loss) on marketable securities - - 25,676 (8,151) 5,578 23,103 Unrealized holding gain on cash flow derivatives - 52,112 - - - 52,112 Other adjustments to comprehensive income (loss) 2 (2) - 1,135 - 1,135 Reclassification adjustment for realized loss on securities included in consolidated net income (loss) - - - 2,045 - 2,045 Equity in subsidiary comprehensive income (loss) 107,179 55,069 33,967 - (196,215) - Comprehensive income (loss) (229,493) (229,495) 439,873 (26,007) (260,720) (305,842) Less amount attributable to noncontrolling interest - - 4,175 1,703 - 5,878 Comprehensive income (loss) attributable to the Company $ (229,493) $ (229,495) $ 435,698 $ (27,710) $ (260,720) $ (311,720) (In thousands)
Guarantor's Cash Flow Statement	(In thousands) Three Months Ended March 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (384,173) $ (384,173) $ (35,716) $ (20,117) $ 437,545 $ (386,634) Reconciling items: Impairment charges - - - - - - Depreciation and amortization - - 76,041 94,412 - 170,453 Deferred taxes - 37,483 (26,668) 5,405 - 16,220 Provision for doubtful accounts - - 3,907 2,541 - 6,448 Amortization of deferred financing charges and note discounts, net - 13,982 - 827 793 15,602 Share-based compensation - - 599 1,925 - 2,524 Gain on disposal of operating assets - - 1,907 (1,355) - 552 (Gain) loss on marketable securities - - (579) - - (579) Equity in (earnings) loss of nonconsolidated affiliates 384,173 33,483 20,873 (522) (438,338) (331) Loss on extinguishment of debt - 2,201 - - - 2,201 Other reconciling items, net - - 65 (20,098) - (20,033) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 80,343 33,740 - 114,083 Increase (decrease) in accrued expenses - 35,704 (14,049) (85,112) - (63,457) Increase (decrease) in accounts payable - - 2,018 4,266 - 6,284 Increase (decrease) in accrued interest - (85,528) - (489) 12,701 (73,316) Increase (decrease) in deferred income - - 8,223 40,400 - 48,623 Changes in other operating assets and liabilities - (2,135) (39,551) (20,465) (12,701) (74,852) Net cash provided by (used for) operating activities - (348,983) 77,413 35,358 - (236,212) Cash flows from investing activities: Proceeds from sale of other investments - - 579 - - 579 Purchases of businesses - - - - - - Purchases of property, plant and equipment - - (14,604) (41,851) - (56,455) Proceeds from disposal of assets - - 31,665 938 - 32,603 Purchases of other operating assets - - (1,935) (29) - (1,964) Dividends from subsidiaries 6 - - - (6) - Change in other, net - - (5,331) (20,400) 20,400 (5,331) Net cash provided by (used for) investing activities 6 - 10,374 (61,342) 20,394 (30,568) Cash flows from financing activities: Draws on credit facilities - 120,000 - - - 120,000 Payments on credit facilities - - - (1,859) - (1,859) Intercompany funding - 220,222 (263,529) 43,307 - - Proceeds from long-term debt - 950,000 - - - 950,000 Payments on long-term debt - (931,222) (39) (13) - (931,274) Payments to purchase additional noncontrolling interests - - - - (20,400) (20,400) Dividends and other payments to noncontrolling interests - (6) - (2,119) 6 (2,119) Deferred financing charges - (10,011) - - - (10,011) Change in other, net (6) - - 650 - 644 Net cash provided by (used for) financing activities (6) 348,983 (263,568) 39,966 (20,394) 104,981 Effect of exchange rate changes on cash - - - (6,211) - (6,211) Net decrease in cash and cash equivalents - - (175,781) 7,771 - (168,010) Cash and cash equivalents at beginning of period - 7 225,402 231,615 - 457,024 Cash and cash equivalents at end of period $ - $ 7 $ 49,621 $ 239,386 $ - $ 289,014 (In thousands) Three Months Ended March 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (362,402) $ (362,402) $ (9,010) $ (52,429) $ 353,853 $ (432,390) Reconciling items: Impairment charges - - - - - - Depreciation and amortization - - 75,779 99,092 - 174,871 Deferred taxes - 60,033 (22,461) (12,264) - 25,308 Provision for doubtful accounts - - 1,882 1,536 - 3,418 Amortization of deferred financing charges and note discounts, net - 36,143 - (13,886) 8,963 31,220 Share-based compensation - - 1,026 2,010 - 3,036 Gain on disposal of operating assets - - 2,489 (2,654) - (165) (Gain) loss on marketable securities - - - (51,078) 51,078 - Equity in (earnings) loss of nonconsolidated affiliates 362,402 309 53,019 13,237 (415,641) 13,326 Loss on extinguishment of debt - (45,330) 48,366 - 880 3,916 Other reconciling items, net - - 319 (1,896) - (1,577) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 98,808 50,599 - 149,407 Increase in accrued expenses - 112,909 (122,159) (30,474) - (39,724) Increase (decrease) in accounts payable - - (4,886) 12,894 - 8,008 Increase (decrease) in accrued interest - (56,600) 46 (1,915) 18,730 (39,739) Increase in deferred income - - 18,118 43,407 - 61,525 Changes in other operating assets and liabilities - (1,690) (22,930) (9,652) (17,816) (52,088) Net cash provided by (used for) operating activities - (256,628) 118,406 46,527 47 (91,648) Cash flows from investing activities: Purchases of property, plant and equipment - - (28,764) (38,644) - (67,408) Purchases of other operating assets - - (437) 67 - (370) Proceeds from sale of investment securities - - - 430,701 (209,740) 220,961 Proceeds from disposal of assets - - (997) 2,422 - 1,425 Dividends from subsidiaries - - 210,959 - (210,959) - Change in other, net 596 - (300) (64,742) 62,492 (1,954) Net cash provided by (used for) investing activities 596 - 180,461 329,804 (358,207) 152,654 Cash flows from financing activities: Draws on credit facilities - - - 820 - 820 Payments on credit facilities - (247,000) - (675) - (247,675) Intercompany funding - 505,805 (270,510) (235,295) - - Proceeds from long-term debt - - - - 209,975 209,975 Payments on long-term debt - (1,740) - (11) (62,151) (63,902) Payments to purchase additional noncontrolling interests - - - - - - Dividends and other payments to noncontrolling interests - - - (214,914) 210,959 (3,955) Deferred financing charges - 159 - (4) (1,219) (1,064) Change in other, net (596) (596) - 413 596 (183) Net cash provided by (used for) financing activities (596) 256,628 (270,510) (449,666) 358,160 (105,984) Effect of exchange rate changes on cash - - - (2,431) - (2,431) Net decrease in cash and cash equivalents - - 28,357 (75,766) - (47,409) Cash and cash equivalents at beginning of period - 9 182,152 525,990 - 708,151 Cash and cash equivalents at end of period $ - $ 9 $ 210,509 $ 450,224 $ - $ 660,742	(In thousands) Year Ended December 31, 2014 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (722,412) $ (722,412) $ 463,050 $ 100,316 $ 119,300 $ (762,158) Reconciling items: Impairment charges - - 20,646 3,530 - 24,176 Depreciation and amortization - - 303,299 407,599 - 710,898 Deferred taxes - 105,872 (53,442) (18,507) - 33,923 Provision for doubtful accounts - - 6,982 7,185 - 14,167 Amortization of deferred financing charges and note discounts, net - 92,277 - (18,493) 15,917 89,701 Share-based compensation - - 2,970 7,743 - 10,713 Gain on disposal of operating assets - - (36,711) (7,801) - (44,512) (Gain) loss on marketable securities - - - (62,895) 62,895 - Equity in (earnings) loss of nonconsolidated affiliates 722,412 (458,156) (73,080) 8,889 (190,649) 9,416 Loss on extinguishment of debt - (127,707) 181,078 - (10,024) 43,347 Other reconciling items, net - - 71 (14,396) - (14,325) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 24,454 (38,352) - (13,898) Increase (decrease) in accrued expenses - 35,975 (13,923) 8,997 - 31,049 Increase (decrease) in accounts payable - - 10,804 (4,400) - 6,404 Increase (decrease) in accrued interest - 94,485 (2,998) 811 (3,738) 88,560 Increase (decrease) in deferred income - - 16,962 (5,674) - 11,288 Changes in other operating assets and liabilities - (1,374) 20,674 (19,605) 6,672 6,367 Net cash provided by (used for) operating activities - (981,040) 870,836 354,947 373 245,116 Cash flows from investing activities: Proceeds from sale of other investments - - - 609,135 (372,517) 236,618 Purchases of businesses - - 502 339 - 841 Purchases of property, plant and equipment - - (86,772) (231,392) - (318,164) Proceeds from disposal of assets - - (2,588) 12,861 - 10,273 Purchases of other operating assets - - (3,629) (912) - (4,541) Investments in subsidiaries - - (125,000) - 125,000 - Dividends from subsidiaries 993 - 363,326 - (364,319) - Change in other, net - - (10,325) (500,451) 497,067 (13,709) Net cash provided by (used for) investing activities 993 - 135,514 (110,420) (114,769) (88,682) Cash flows from financing activities: Draws on credit facilities - 65,000 - 3,010 - 68,010 Payments on credit facilities - (312,000) - (3,682) - (315,682) Intercompany funding - 1,215,783 (965,843) (249,940) - - Proceeds from long-term debt - 2,080,450 - - (17,975) 2,062,475 Payments on long-term debt - (2,042,255) 2,743 (48) (59,541) (2,099,101) Payments to purchase additional noncontrolling interests - - - - (48,750) (48,750) Dividends and other payments to noncontrolling interests - (993) - (405,914) 366,880 (40,027) Dividends paid - - - 125,000 (125,000) - Deferred financing charges - (24,947) - (4) (1,218) (26,169) Change in other, net (993) - - 2,236 - 1,243 Net cash provided by (used for) financing activities (993) 981,038 (963,100) (529,342) 114,396 (398,001) Effect of exchange rate changes on cash - - - (9,560) - (9,560) Net decrease in cash and cash equivalents - (2) 43,250 (294,375) - (251,127) Cash and cash equivalents at beginning of period - 9 182,152 525,990 - 708,151 Cash and cash equivalents at end of period $ - $ 7 $ 225,402 $ 231,615 $ - $ 457,024 (In thousands) Year Ended December 31, 2013 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (501,897) $ (501,897) $ 359,403 $ 9,925 $ 50,949 $ (583,517) Reconciling items: Impairment charges - - 3,820 13,150 - 16,970 Depreciation and amortization - - 326,185 404,643 - 730,828 Deferred taxes - (96,806) 3,870 (65,234) - (158,170) Provision for doubtful accounts - - 15,052 5,191 - 20,243 Amortization of deferred financing charges and note discounts, net - 141,886 (3,621) (55,452) 41,529 124,342 Share-based compensation - - 8,990 7,725 - 16,715 Gain on disposal of operating assets - - (11) (22,987) - (22,998) (Gain) loss on marketable securities - - (170,133) 18 39,236 (130,879) Equity in (earnings) loss of nonconsolidated affiliates 501,897 (439,900) 94,224 77,410 (155,935) 77,696 Loss on extinguishment of debt - 87,868 - - - 87,868 Other reconciling items, net - 1 (111) 20,014 - 19,904 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - (72,752) 43,147 - (29,605) Increase in accrued expenses - - 8,072 18,033 - 26,105 Increase (decrease) in accounts payable - - 7,853 (10,473) - (2,620) Increase (decrease) in accrued interest - 11,714 321 4,087 (108) 16,014 Increase in deferred income - - 6,953 555 - 7,508 Changes in other operating assets and liabilities - (35,373) 40,257 (8,524) 108 (3,532) Net cash provided by (used for) operating activities - (832,507) 628,372 441,228 (24,221) 212,872 Cash flows from investing activities: Proceeds from sale of other investments - - 75 355,073 (219,577) 135,571 Purchases of businesses - - (97) - - (97) Purchases of property, plant and equipment - - (118,024) (206,502) - (324,526) Proceeds from disposal of assets - - 39,464 42,134 - 81,598 Purchases of other operating assets - - (11,049) (10,483) - (21,532) Dividends from subsidiaries - 329,867 200,785 - (530,652) - Change in other, net (270) - (1,236) (3,143) 270 (4,379) Net cash provided by (used for) investing activities (270) 329,867 109,918 177,079 (749,959) (133,365) Cash flows from financing activities: Draws on credit facilities - 269,500 - 2,752 - 272,252 Payments on credit facilities - (22,500) - (4,815) - (27,315) Intercompany funding - 1,160,225 (805,529) (378,917) 24,221 - Proceeds from long-term debt - 575,000 - - - 575,000 Payments on long-term debt - (1,461,811) - (6,626) 219,577 (1,248,860) Payments to purchase additional noncontrolling interests - - - (61,143) - (61,143) Dividends and other payments to noncontrolling interests - - - (91,887) - (91,887) Dividends paid - - (84,377) (446,275) 530,652 - Deferred financing charges - (18,046) - (344) - (18,390) Change in other, net 270 270 - 4,191 (270) 4,461 Net cash provided by (used for) financing activities 270 502,638 (889,906) (983,064) 774,180 (595,882) Effect of exchange rate changes on cash - - - (484) - (484) Net decrease in cash and cash equivalents - (2) (151,616) (365,241) - (516,859) Cash and cash equivalents at beginning of period - 11 333,768 891,231 - 1,225,010 Cash and cash equivalents at end of period $ - $ 9 $ 182,152 $ 525,990 $ - $ 708,151 (In thousands) Year Ended December 31, 2012 Parent Subsidiary Guarantor Non-Guarantor Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (336,674) $ (336,674) $ 370,016 $ (37,775) $ (70,083) $ (411,190) Reconciling items: Impairment charges - - - 37,651 - 37,651 Depreciation and amortization - - 328,633 400,652 - 729,285 Deferred taxes - (164,449) 20,143 (160,305) - (304,611) Provision for doubtful accounts - - 4,459 7,256 - 11,715 Amortization of deferred financing charges and note discounts, net - 196,549 (7,534) (103,271) 78,353 164,097 Share-based compensation - - 17,951 10,589 - 28,540 (Gain) loss on disposal of operating assets - - 2,825 (50,952) - (48,127) Loss on marketable securities - 1 2,001 2,578 - 4,580 Equity in (earnings) loss of nonconsolidated affiliates 336,674 (492,819) 174,774 (19,464) (17,722) (18,557) Loss on extinguishment of debt - 33,652 - 221,071 - 254,723 Other reconciling items, net - - (7,707) 21,941 - 14,234 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable - - 12,256 (46,494) - (34,238) Increase in accrued expenses - - 9,432 25,442 - 34,874 Increase in accounts payable - - 11,312 2,551 - 13,863 Increase (decrease) in accrued interest - 21,731 - (2,377) 869 20,223 Increase in deferred income - - 9,521 23,961 - 33,482 Changes in other operating assets and liabilities - (60,782) (16,167) 32,406 (869) (45,412) Net cash provided by (used for) operating activities - (802,791) 931,915 365,460 (9,452) 485,132 Cash flows from investing activities: Proceeds from sale of other investments - - - 50,149 (50,149) - Purchases of businesses - - (45,395) (4,721) - (50,116) Purchases of property, plant and equipment - - (114,023) (276,257) - (390,280) Proceeds from disposal of assets - - 3,223 56,442 - 59,665 Purchases of other operating assets - - (9,107) (5,719) - (14,826) Dividends from subsidiaries - 1,925,661 1,916,209 - (3,841,870) - Change in other, net - - 2,700 (4,857) 693 (1,464) Net cash provided by (used for) investing activities - 1,925,661 1,753,607 (184,963) (3,891,326) (397,021) Cash flows from financing activities: Draws on credit facilities - 602,500 - 2,063 - 604,563 Payments on credit facilities - (1,928,051) - (3,368) - (1,931,419) Intercompany funding - 914,258 (896,192) (18,066) - - Proceeds from long-term debt - - - 4,917,643 - 4,917,643 Payments on long-term debt - (695,342) (927) (2,700,786) 50,149 (3,346,906) Payments to purchase additional noncontrolling interests - - - (7,040) - (7,040) Dividends and other payments to noncontrolling interests - - - (251,665) - (251,665) Dividends paid - - (1,916,207) (1,935,115) 3,851,322 - Deferred financing charges - (13,629) - (69,988) - (83,617) Change in other, net - (2,596) - 6,381 (693) 3,092 Net cash used for financing activities - (1,122,860) (2,813,326) (59,941) 3,900,778 (95,349) Effect of exchange rate changes on cash - - - 3,566 - 3,566 Net increase (decrease) in cash and cash equivalents - 10 (127,804) 124,122 - (3,672) Cash and cash equivalents at beginning of period - 1 461,572 767,109 - 1,228,682 Cash and cash equivalents at end of period $ - $ 11 $ 333,768 $ 891,231 $ - $ 1,225,010

Basis of Presentation (Tables)

Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2014
Barter and Trade Revenues and Expenses	Barter and trade revenues and expenses from continuing operations were as follows: (In millions) Years Ended December 31, 2014 2013 2012 Barter and trade revenues $ 69.4 $ 66.0 $ 56.5 Barter and trade expenses 68.1 58.5 58.8

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Investments in Nonconsolidated Affiliates	The following table summarizes the Company’s investments in nonconsolidated affiliates: (In thousands) ARN All Total Balance at December 31, 2012 $ 353,062 $ 17,850 $ 370,912 Cash advances (repayments) - 3,051 3,051 Acquisitions of investments, net - 1,354 1,354 Equity in loss (75,318) (2,378) (77,696) Foreign currency translation adjustment (37,068) 4 (37,064) Distributions received (19,926) (1,750) (21,676) Other - (76) (76) Balance at December 31, 2013 $ 220,750 $ 18,055 $ 238,805 Cash advances (repayments) - 3,452 3,452 Acquisitions of investments, net - 1,811 1,811 Equity in earnings (loss) (12,678) 3,262 (9,416) Foreign currency transaction adjustment 1,449 77 1,526 Distributions received (228) (1,000) (1,228) Proceeds on sale (220,783) (15,820) (236,603) Other 11,490 (344) 11,146 Balance at December 31, 2014 $ - $ 9,493 $ 9,493

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Change in Asset Retirement Obligation	The following table presents the activity related to the Company’s asset retirement obligation: (In thousands) Years Ended December 31, 2014 2013 Beginning balance $ 59,380 $ 56,849 Adjustment due to changes in estimates (5,391) 806 Accretion of liability 7,858 5,106 Liabilities settled (5,802) (3,323) Foreign Currency (1,834) (58) Ending balance $ 54,211 $ 59,380

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Fair Value of Available-for-Sale and Other Investments	The cost, unrealized holding gains or losses, and fair value of the Company’s investments at December 31, 2014 and 2013 are as follows: (In thousands) Gross Gross Investments Amortized Cost Unrealized Losses Unrealized Gains Fair Value 2014 Available-for-sale $ 369 $ - $ 1,609 $ 1,978 Other cost investments 16,269 - - 16,269 Total $ 16,638 $ - $ 1,609 $ 18,247 2013 Available-for-sale $ 659 $ - $ 1,283 $ 1,942 Other cost investments 7,783 - - 7,783 Total $ 8,442 $ - $ 1,283 $ 9,725

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Future Minimum Rental Commitments	(In thousands) Capital Non-Cancelable Non-Cancelable Expenditure Employment/Talent 2015 $ 435,118 $ 593,123 $ 55,968 $ 80,442 2016 347,487 437,022 70,385 75,760 2017 302,876 262,368 67,053 31,673 2018 269,697 240,128 922 11,069 2019 243,096 171,562 757 - Thereafter 1,325,171 336,120 14,402 - Total $ 2,923,445 $ 2,040,323 $ 209,487 $ 198,944

Other Information (Tables)

Other Information (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Other Income (Expense)	The following table discloses the components of “Other income (expense)” for the years ended December 31, 2014, 2013 and 2012, respectively: (In thousands) Years Ended December 31, 2014 2013 2012 Foreign exchange gain (loss) $ 15,554 $ 1,772 $ (3,018) Debt modification expenses - (23,555) - Other (6,450) (197) 3,268 Total other income (expense), net $ 9,104 $ (21,980) $ 250
Schedule of Defered Tax (Asset) Liablity Related to Other comprhensive Income (Loss)	The following table discloses the increase (decrease) in net deferred income tax liabilities related to each component of other comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012, respectively: (In thousands) Years Ended December 31, 2014 2013 2012 Foreign currency translation adjustments and other $ 2,559 $ (14,421) $ 3,210 Unrealized holding gain on marketable securities - (11,010) 15,324 Unrealized holding gain (loss) on cash flow derivatives - 28,759 30,074 Total increase in deferred tax liabilities $ 2,559 $ 3,328 $ 48,608
Schedule of Other Current Assets	The following table discloses the components of “Other current assets” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Inventory $ 23,777 $ 26,872 Deferred tax asset 37,793 51,967 Deposits 4,466 5,126 Deferred loan costs 32,602 30,165 Other 37,661 47,027 Total other current assets $ 136,299 $ 161,157
Schedule of Other Assets	The following table discloses the components of “Other assets” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Investments in, and advances to, nonconsolidated affiliates $ 9,493 $ 238,805 Other investments 18,247 9,725 Notes receivable 242 302 Prepaid expenses 16,082 24,231 Deferred loan costs 130,267 143,763 Deposits 27,822 26,200 Prepaid rent 56,430 62,864 Non-qualified plan assets 11,568 11,844 Other 18,914 15,722 Total other assets $ 289,065 $ 533,456
Schedule of Other Long-Term Liabilities	(In thousands) As of December 31, 2014 2013 Investments in, and advances to, nonconsolidated affiliates $ 9,493 $ 238,805 Other investments 18,247 9,725 Notes receivable 242 302 Prepaid expenses 16,082 24,231 Deferred loan costs 130,267 143,763 Deposits 27,822 26,200 Prepaid rent 56,430 62,864 Non-qualified plan assets 11,568 11,844 Other 18,914 15,722 Total other assets $ 289,065 $ 533,456 The following table discloses the components of “Other long-term liabilities” as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Unrecognized tax benefits $ 110,410 $ 131,015 Asset retirement obligation 53,936 59,125 Non-qualified plan liabilities 11,568 11,844 Deferred income 23,734 16,247 Deferred rent 125,530 120,092 Employee related liabilities 39,963 31,617 Other 89,722 92,080 Total other long-term liabilities $ 454,863 $ 462,020
Schedule of Accumulated Other Comprehensive Loss	The following table discloses the components of “Accumulated other comprehensive loss,” net of tax, as of December 31, 2014 and 2013, respectively: (In thousands) As of December 31, 2014 2013 Cumulative currency translation adjustment $ (291,520) $ (188,920) Cumulative unrealized gain on securities 1,397 1,101 Cumulative other adjustments (18,467) (8,254) Total accumulated other comprehensive loss $ (308,590) $ (196,073)

Quarterly Results of Operatio37

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Quarterly Results of Operations (Unaudited)	Three Months Ended Three Months Ended Three Months Ended Three Months Ended 2014 2013 2014 2013 2014 2013 2014 2013 Revenue $ 1,342,548 $ 1,343,058 $ 1,630,154 $ 1,618,097 $ 1,630,034 $ 1,587,522 $ 1,715,797 $ 1,694,367 Operating expenses: Direct operating expenses 597,688 599,310 644,870 635,528 648,409 651,413 649,983 678,769 Selling, general and administrative expenses 414,636 401,833 418,928 408,399 427,259 408,684 419,800 420,012 Corporate expenses 72,705 80,800 82,197 75,328 78,202 89,574 87,227 67,812 Depreciation and amortization 174,871 182,182 174,062 179,734 175,865 177,330 186,100 191,582 Impairment charges - - 4,902 - 35 - 19,239 16,970 Other operating income, net 165 2,395 (1,628) 1,113 47,172 6,186 (5,678) 13,304 Operating income 82,813 81,328 303,567 320,221 347,436 266,707 347,770 332,526 Interest expense 431,114 385,525 440,605 407,508 432,616 438,404 437,261 418,014 Gain (loss) on marketable securities - - - 130,898 - 31 - (50) Equity in earnings (loss) of nonconsolidated affiliates (13,326) 3,641 (16) 5,971 3,955 3,983 (29) (91,291) Gain (loss) on extinguishment of debt (3,916) (3,888) (47,503) - (4,840) - 12,912 (83,980) Other income (expense), net 1,541 (1,000) 12,157 (18,098) 2,617 1,709 (7,211) (4,591) Income (loss) before income taxes (364,002) (305,444) (172,400) 31,484 (83,448) (165,974) (83,819) (265,400) Income tax benefit (expense) (68,388) 96,325 621 (11,477) (24,376) 73,802 33,654 (36,833) Consolidated net income (loss) (432,390) (209,119) (171,779) 20,007 (107,824) (92,172) (50,165) (302,233) Less amount attributable to noncontrolling interest (8,200) (6,116) 14,852 12,805 7,028 9,683 17,923 6,994 Net income (loss) attributable to the Company $ (424,190) $ (203,003) $ (186,631) $ 7,202 $ (114,852) $ (101,855) $ (68,088) $ (309,227)

Property, Plant And Equipment38

Property, Plant And Equipment, Intangible Assets And Goodwill (Narrative) (Detail) - Entity [Domain] $ in Thousands	Apr. 03, 2015USD ($)Station	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)Station	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)Station	Dec. 31, 2012USD ($)
Annual lease payments		$ 2,600
Amortization expense		62,900	$ 66,900		$ 263,400	$ 289,000	$ 300,000
Goodwill		4,170,632		$ 4,202,187	4,187,424	4,202,187	4,216,085
Purchase price					(841)	97	50,116
Impairment Of Long Lived Assets Held For Use					4,500
Goodwill impairment charge						10,684
FCC licenses [Member]
Impairment of intangibles					15,700	2,000
Billboard Permits [Member]
Impairment of intangibles						2,500	35,900
Permanent easements [Member]
Impairment of intangibles					3,400
Americas Outdoor Advertising [Member]
Goodwill		584,407		585,227	584,574	585,227	585,307
Goodwill impairment charge						0
Cumulative impairments							2,700,000
iHM [Member]
Cumulative impairments							3,500,000
International Outdoor Advertising [Member]
Goodwill		215,913		264,907	232,538	264,907	276,941
Goodwill impairment charge					10,700	10,684
Cumulative impairments							250,500
Other [Member]
Goodwill		117,545		117,246	117,545	117,246	117,149
Goodwill impairment charge						0
Cumulative impairments							212,000
Aloha Station Trust, LLC [Member]
Gain (loss) on disposal					43,500
Net assets					49,200
Indefinite-lived Intangible Assets					13,800
Definite lived intangible assets					10,200
Increase in property, plant and equipment					8,100
Goodwill					17,900
Assumed liabilities					$ 800
WOR [Member]
Purchase price							30,000
WFNX [Member]
Purchase price							14,500
Wor And Wfnx [Member]
Increase in property, plant and equipment				5,300		5,300
Goodwill				24,700		24,700
Assumed liabilities				700		700
Increase in intangible assets				$ 15,200		15,200
Times Square Outdoor Advertising Assets [Member]
Disposal proceeds						18,700
Gain (loss) on disposal						12,200
Green Bay Radio Stations [Member]
Disposal proceeds						17,600
Gain (loss) on disposal						$ 500
Radio stations sold | Station				5		5
International Neon Business [Member]
Gain (loss) on disposal							39,700
Towers, transmitters and studio equipment [Member]
Impairment Of Long Lived Assets Held For Use				$ 1,300
Structures [Member] | Americas Outdoor Advertising [Member]
Impairment Of Long Lived Assets Held For Use							$ 1,700
Executive Office Building And Data Administrative Service Center [Member]
Disposal proceeds		34,300
Executive Office Building [Member]
Gain (loss) on disposal		(200)
Data And Administrative Service Center [Member]
Gain (loss) on disposal		$ 8,100
Broadcast Communication Tower Sites [Member] | Vertical Bridge Holdings [Member] | Subsequent Event
Disposal proceeds	$ 369,000
Number of Property Plant and Equipment Sold | Station	367
Broadcast Communication Tower Sites [Member] | Vertical Bridge Holdings [Member] | Subsequent Event | Maximum [Member]
Disposal proceeds	$ 400,000
Number of Property Plant and Equipment Sold | Station	411

Property, Plant And Equipment39

Property, Plant And Equipment, Intangible Assets And Goodwill (Schedule Of Property, Plant And Equipment) (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property Plant And Equipment [Line Items]
Property, plant and equipment	$ 4,729,926	$ 4,816,477	$ 4,782,841
Less: accumulated depreciation	2,144,136	2,117,413	1,885,211
Property, plant and equipment, net	2,585,790	2,699,064	2,897,630
Land, buildings and improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment	698,642	731,925	723,268
Structures [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment	2,961,735	2,999,582	3,021,152
Towers, transmitters and studio equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment	457,517	453,044	440,612
Furniture and other equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment	544,002	536,255	473,995
Construction in progress [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment	$ 68,030	$ 95,671	$ 123,814

Property, Plant And Equipment40

Property, Plant And Equipment, Intangible Assets And Goodwill (Schedule Of Definite-Lived Intangible Assets) (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,008,225	$ 3,056,369	$ 3,124,002
Accumulated Amortization	(1,866,744)	(1,849,642)	(1,657,456)
Transit, street furniture and other outdoor contractual rights [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	666,821	716,723	777,521
Accumulated Amortization	(445,797)	(476,523)	(464,548)
Customer/advertiser relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,222,518	1,222,518	1,212,745
Accumulated Amortization	(800,930)	(765,596)	(645,988)
Talent contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	319,384	319,384	319,617
Accumulated Amortization	(231,083)	(223,936)	(195,403)
Representation contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	240,017	238,313	252,961
Accumulated Amortization	(211,229)	(206,338)	(200,058)
Permanent easements [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	171,238	171,271	173,753
Accumulated Amortization	0	0	0
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	388,247	388,160	387,405
Accumulated Amortization	$ (177,705)	$ (177,249)	$ (151,459)

Property, Plant And Equipment41

Property, Plant And Equipment, Intangible Assets And Goodwill (Schedule Of Future Amortization Expenses) (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Property, Plant And Equipment, Intangible Assets And Goodwill [Abstract]
2,015	$ 222,529	$ 236,019
2,016	199,136	219,485
2,017	126,019	197,061
2,018	41,451	127,730
2,019	$ 35,217	$ 42,274

Property, Plant And Equipment42

Property, Plant And Equipment, Intangible Assets And Goodwill (Schedule Of Changes In Carrying Amount Of Goodwill) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Balance	$ 4,187,424	$ 4,202,187	$ 4,216,085
Impairment			(10,684)
Acquisitions	0	18,199	97
Dispositions			(456)
Foreign currency	(16,792)	(33,022)	(974)
Other	0	60	(1,881)
Balance	4,170,632	4,187,424	4,202,187
iHM [Member]
Goodwill [Line Items]
Balance	3,252,767	3,234,807	3,236,688
Impairment			0
Acquisitions	0	17,900	0
Dispositions			0
Foreign currency	0	0	0
Other	0	60	(1,881)
Balance	3,252,767	3,252,767	3,234,807
Americas Outdoor Advertising [Member]
Goodwill [Line Items]
Balance	584,574	585,227	585,307
Impairment			0
Acquisitions	0	0	0
Dispositions			0
Foreign currency	(167)	(653)	(80)
Other	0	0
Balance	584,407	584,574	585,227
International Outdoor Advertising [Member]
Goodwill [Line Items]
Balance	232,538	264,907	276,941
Impairment		(10,700)	(10,684)
Acquisitions	0	0	0
Dispositions			(456)
Foreign currency	(16,625)	(32,369)	(894)
Other	0	0
Balance	215,913	232,538	264,907
Other [Member]
Goodwill [Line Items]
Balance	117,545	117,246	117,149
Impairment			0
Acquisitions	0	299	97
Dispositions			0
Foreign currency	0	0	0
Other	0	0	0
Balance	$ 117,545	$ 117,545	$ 117,246

Long-Term Debt (Schedule Of Lon

Long-Term Debt (Schedule Of Long-Term Debt) (Detail) - Entity [Domain] - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 12,711,544	$ 12,575,294	$ 12,818,693
Total debt	20,486,039	20,326,018	20,484,213
Less: current portion	2,844	3,604	453,734
Total long-term debt	20,483,195	20,322,414	20,030,479
Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	6,300,000	7,231,222	8,225,754
Receivables Based Facility Due 2017 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	120,000		247,000
9% Priority Guarantee Notes Due 2019 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	1,999,815	1,999,815
Nine Point Zero Percent Priority Guarantee Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	1,750,000	1,750,000
11.25% Priority Guarantee Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	575,000	575,000
9% Priority Guarantee Notes Due 2022 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	1,000,000	1,000,000
10.625% Priority Guarantee Notes Due 2023 [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	950,000
Other Secured Subsidiary Debt [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	16,729	19,257	21,124
Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Total debt	1,678,314	1,661,697	1,404,202
iHeartCommunications Legacy Notes [Member]
Debt Instrument [Line Items]
Total debt	667,900	667,900	1,436,455
Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Total debt	730,000	730,000
Subsidiary Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Total debt	2,725,000	2,725,000
Subsidiary Senior Subordinated Notes due 2020 [Member]
Debt Instrument [Line Items]
Total debt	2,200,000	2,200,000
Other iHeartCommunications Subsidiary Debt [Member]
Debt Instrument [Line Items]
Total debt	467	1,024	10
Purchase accounting adjustments and original issue discount [Member]
Debt Instrument [Line Items]
Total debt	$ (227,186)	(234,897)	(322,392)
Priority Guarantee Notes [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt		5,324,815	4,324,815
Senior Cash Pay Notes Due 2016 [Member]
Debt Instrument [Line Items]
Total debt			94,304
Senior Toggle Notes Due 2016 [Member]
Debt Instrument [Line Items]
Total debt			127,941
Subsidiary Senior Notes [Member]
Debt Instrument [Line Items]
Total debt		$ 4,925,000	$ 4,925,000

Long-Term Debt (Schedule Of L44

Long-Term Debt (Schedule Of Long-Term Debt) (Parenthetical) (Detail)	Mar. 31, 2015	Dec. 31, 2014
9% Priority Guarantee Notes Due 2019 [Member]
Debt Instrument [Line Items]
Stated interest rate	9.00%	9.00%
Nine Point Zero Percent Priority Guarantee Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	9.00%	9.00%
11.25% Priority Guarantee Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	11.25%	11.25%
9% Priority Guarantee Notes Due 2022 [Member]
Debt Instrument [Line Items]
Stated interest rate	9.00%	9.00%
10.625% Priority Guarantee Notes Due 2023 [Member]
Debt Instrument [Line Items]
Stated interest rate	10.625%	10.625%
Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	14.00%	14.00%
Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Stated interest rate	10.00%	10.00%
Senior Cash Pay Notes Due 2016 [Member]
Debt Instrument [Line Items]
Stated interest rate		10.75%
Minimum [Member] | Senior Toggle Notes Due 2016 [Member]
Debt Instrument [Line Items]
Stated interest rate		11.00%
Maximum [Member] | Senior Toggle Notes Due 2016 [Member]
Debt Instrument [Line Items]
Stated interest rate		11.75%

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Detail) - USD ($) $ in Thousands	Feb. 26, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Long Term Debt Other Disclosures [Abstract]
Weighted average interest rate		8.40%	8.10%	7.60%
Market value		$ 20,000,000	$ 19,700,000	$ 20,500,000
Borrowed principal amount		12,711,544	12,575,294	$ 12,818,693
Purchase accounting adjustment and original issue discount			$ 234,900
Senior Secured Credit Facility [Member]
Long Term Debt Other Disclosures [Abstract]
Percentage of subsidary stock as collateral				100.00%
Senior Secured Credit Facility [Member] | Fed Fund Rate [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			0.50%
Subsidiary Senior Revolving Credit Facility Due 2018 [Member]
Long Term Debt Other Disclosures [Abstract]
Line of credit facility maximum borrowing capacity			$ 0	$ 75,000
Letters Of Credit Outstanding Amount			$ 62,200
Term Loan B And C [Member] | Senior Secured Credit Facility [Member] | Base Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			2.65%
Term Loan B And C [Member] | Senior Secured Credit Facility [Member] | Euro Currency Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			3.65%
Term Loan D [Member] | Senior Secured Credit Facility [Member] | Base Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			5.75%
Term Loan D [Member] | Senior Secured Credit Facility [Member] | Euro Currency Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			6.75%
Term Loan E [Member] | Senior Secured Credit Facility [Member] | Base Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			6.50%
Term Loan E [Member] | Senior Secured Credit Facility [Member] | Euro Currency Rate Loans [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			7.50%
Receivables Based Facility Due 2017 [Member]
Long Term Debt Other Disclosures [Abstract]
Borrowed principal amount		$ 120,000		$ 247,000
Line of credit facility maximum borrowing capacity			$ 535,000
Percentage of eligible accounts receivable			90.00%
Debt Instrument Restrictive Covenants			Borrowings under the receivables based credit facility will mature, and lending commitments thereunder will terminate, on the fifth anniversary of the effectiveness of the receivables based credit facility (December 24, 2017), provided that, (a) the maturity date will be October 31, 2015 if on October 30, 2015, greater than $500.0 million in aggregate principal amount is owing under certain of iHeartCommunications' term loan credit facilities, (b) the maturity date will be May 3, 2016 if on May 2, 2016 greater than $500.0 million aggregate principal amount of iHeartCommunications' 10.75% senior cash pay notes due 2016 and 11.00%/11.75% senior toggle notes due 2016 are outstanding and (c) in the case of any debt under clauses (a) and (b) that is amended or refinanced in any manner that extends the maturity date of such debt to a date that is on or before the date that is five years after the effectiveness of the receivables based credit facility, the maturity date will be one day prior to the maturity date of such debt after giving effect to such amendment or refinancing if greater than $500,000,000 in aggregate principal amount of such debt is outstanding.
Receivables Based Facility Due 2017 [Member] | Minimum [Member]
Long Term Debt Other Disclosures [Abstract]
Commitment fee rate			0.25%
Receivables Based Facility Due 2017 [Member] | Maximum [Member]
Long Term Debt Other Disclosures [Abstract]
Commitment fee rate			0.375%
Receivables Based Facility Due 2017 [Member] | Fed Fund Rate [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			0.50%
Receivables Based Facility Due 2017 [Member] | Base Rate Loans [Member] | Minimum [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			0.50%
Receivables Based Facility Due 2017 [Member] | Base Rate Loans [Member] | Maximum [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			1.00%
Receivables Based Facility Due 2017 [Member] | Euro Currency Rate Loans [Member] | Minimum [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			1.50%
Receivables Based Facility Due 2017 [Member] | Euro Currency Rate Loans [Member] | Maximum [Member]
Long Term Debt Other Disclosures [Abstract]
Margin percentages			2.00%
Senior Notes Due 2021 [Member]
Long Term Debt Other Disclosures [Abstract]
Principal amount held by subsidiary			$ 423,400
Debt Instrument, Interest Rate Terms			The Senior Notes due 2021 mature on February 1, 2021. Interest on the Senior Notes due 2021 is payable semi-annually on February 1 and August 1 of each year, which began on August 1, 2013. Interest on the Senior Notes due 2021 will be paid at the rate of (i) 12.0% per annum in cash and (ii) 2.0% per annum through the issuance of payment-in-kind notes (the "PIK Notes").
iHeart Communications Legacy Note [Member]
Long Term Debt Other Disclosures [Abstract]
Principal amount held by subsidiary			$ 57,100
Senior Notes Due 2018 [Member]
Long Term Debt Other Disclosures [Abstract]
Interest rate		10.00%	10.00%
Principal amount held by subsidiary			$ 120,000
Term Loan B [Member]
Long Term Debt Other Disclosures [Abstract]
Early Repayment of Senior Debt	$ 916,100
Term Loan C [Member]
Long Term Debt Other Disclosures [Abstract]
Early Repayment of Senior Debt	$ 15,200
10.625% Priority Guarantee Notes Due 2023 [Member]
Long Term Debt Other Disclosures [Abstract]
Borrowed principal amount		$ 950,000
Maturity date		Mar. 15, 2023
Interest rate		10.625%	10.625%
Debt instrument frequency of payment		Semi-annually in arrears on March 15 and September 15 of each year

Long-Term Debt (Guarantees) (Na

Long-Term Debt (Guarantees) (Narrative) (Detail) - USD ($) $ in Millions	Mar. 31, 2015	Dec. 31, 2014
Surety Bond [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	$ 45.9	$ 47.7
Commercial standby letters of credit [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	115.5	113.9
Bank Guarantees [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	49.5	55.1
Bank Guarantees Collaterized [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	$ 12.4	$ 15.2

Commitments, Contingencies And

Commitments, Contingencies And Guarantees (Narrative) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2014USD ($)SignPermit	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Mar. 31, 2015SignPermit
Commitments And Contingencies [Line Items]
Digital modernization permits issued to Company | Permit	82			82
Digital displays operating | Permit	77			77
Conversion from static to digital | Sign	83			83
Rent expense	$ 1,170	$ 1,160	$ 1,140
Performance Requirements [Member]
Commitments And Contingencies [Line Items]
Estimated Maximum Contingency	$ 30

Income Taxes (Schedule Of Provi

Income Taxes (Schedule Of Provision For Income Tax Benefit (Expense) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Expense Benefit [Abstract]
Current - Federal	$ (40,385)				$ (43,080)					$ (503)	$ 10,586	$ 61,655
Current - foreign										(27,256)	(48,466)	(48,579)
Current - state										3,193	1,527	(9,408)
Total current benefit (expense)										(24,566)	(36,353)	3,668
Deferred - Federal	(16,220)				(25,308)					(29,284)	126,905	261,014
Deferred - foreign										4,308	8,932	27,970
Deferred - state										(8,947)	22,333	15,627
Total deferred benefit (expense)	(16,220)				(25,308)					(33,923)	158,170	304,611
Income tax benefit (expense)	$ (56,605)	$ 33,654	$ (24,376)	$ 621	$ (68,388)	$ (36,833)	$ 73,802	$ (11,477)	$ 96,325	$ (58,489)	$ 121,817	$ 308,279

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued [Abstract
Effective tax rate	(1720.00%)	(1880.00%)	(8.00%)	17.00%	43.00%
Interest and penalties accrued related to unrecognized tax benefits			$ 40,800	$ 49,400
Total unrecognized tax benefits and accrued interest and penalties			147,700	178,800
Portion of unrecognized tax benefits, interest and penalties recorded in "Other long-term liabilities"			110,400	131,000
Noncurrent portion of unrecognized tax benefits netted against deferred tax assets			35,000	36,100
Unrecognized tax benefits that would impact effective tax rate			68,800	100,100
Portion of unrecognized tax benefits included in "Accrued Expenses"			2,300	11,600
Total current benefit (expense)			(24,566)	(36,353)	$ 3,668
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Reduction to current tax expense			35,400		67,300
Valuation Allowance Recorded			339,800	143,500
Total deferred benefit	$ (16,220)	$ (25,308)	(33,923)	158,170	304,611
Deferred Tax Assets Net Current Classification [Abstract]
Current net deferred tax assets included in net deferred tax liabilities			37,800	52,000
Net deferred tax liabilities			1,526,095	1,485,853
Foreign deferred tax liabilities			13,600	19,800
Foreign net operating loss carryforwards			153,000
Deferred Tax Assets Operating Loss Carryforwards Components [Abstract]
Net operating loss carryforwards (tax effected)			1,300,000
Deferred tax assets related to stock-based compensation expense included in net deferred tax liabilities			28,900
Foreign income before taxes			97,200	48,300	84,000
Income Tax Reconciliation Tax Settlements [Abstract]
Settlement of U.S. Federal and state tax examinations			28,900	$ 20,200	$ 60,600
Federal and State Net Operating Losses [Member]
Valuation Allowance [Abstract]
Valuation Allowance			487,100
Foreign Net Operating Loss Carryforwards [Member]
Valuation Allowance [Abstract]
Valuation Allowance			146,400
Other Foreign Deferred Tax Assets [Member]
Valuation Allowance [Abstract]
Valuation Allowance			$ 22,100

Member's Deficit And Comprehens

Member's Deficit And Comprehensive Loss (Schedule Of Changes In Equity) (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Balances at January 1,	$ (9,665,208)			$ (9,127,952)	$ (8,696,635)				$ (7,995,191)	$ (8,696,635)	$ (7,995,191)
Net income (loss)	(386,634)	$ (50,165)	$ (107,824)	(171,779)	(432,390)	$ (302,233)	$ (92,172)	$ 20,007	(209,119)	(762,158)	(583,517)	$ (411,190)
Dividends and other payments to noncontrolling interests	(2,119)									(40,027)	(91,887)
Purchase of additional noncontrolling interest	(20,400)									(48,750)		28
Foreign currency translation adjustments	(82,159)				(2,217)					(121,878)	(33,001)	40,242
Unrealized holding gain (loss) on marketable securities	822				1,084					327	16,576	23,103
Unrealized holding gain on cash flow derivatives										0	48,180	52,112
Other adjustments to comprehensive loss	(1,154)				3,309					(11,438)	6,732	1,135
Reclassifications										3,317	(83,752)	2,045
Other, net	3,169				(1,103)					12,034	19,225
Balances at December 31,	(10,153,683)	(9,665,208)			(9,127,952)	(8,696,635)				(9,665,208)	(8,696,635)	(7,995,191)
The Company [Member]
Balances at January 1,	(9,889,348)			(9,360,787)	(8,942,166)				(8,299,188)	(8,942,166)	(8,299,188)
Net income (loss)	(384,966)				(424,190)					(793,761)	(606,883)
Dividends and other payments to noncontrolling interests	0									0	0
Purchase of additional noncontrolling interest	(19,264)									(46,806)
Foreign currency translation adjustments	(75,840)				875					(101,980)	(29,755)
Unrealized holding gain (loss) on marketable securities	738				955					285	16,439
Unrealized holding gain on cash flow derivatives											48,180
Other adjustments to comprehensive loss	(1,036)				3,309					(10,214)	5,932
Reclassifications										3,316	(83,585)
Other, net	593				430					1,978	6,694
Balances at December 31,	(10,369,123)	(9,889,348)			(9,360,787)	(8,942,166)				(9,889,348)	(8,942,166)	(8,299,188)
Noncontrolling Interest [Member]
Balances at January 1,	224,140			$ 232,835	245,531				$ 303,997	245,531	303,997
Net income (loss)	(1,668)				(8,200)					31,603	23,366
Dividends and other payments to noncontrolling interests	(2,119)									(40,027)	(91,887)
Purchase of additional noncontrolling interest	(1,136)									(1,944)
Foreign currency translation adjustments	(6,319)				(3,092)					(19,898)	(3,246)
Unrealized holding gain (loss) on marketable securities	84				129					42	137
Unrealized holding gain on cash flow derivatives											0
Other adjustments to comprehensive loss	(118)				0					(1,224)	800
Reclassifications										1	(167)
Other, net	2,576				(1,533)					10,056	12,531
Balances at December 31,	$ 215,440	$ 224,140			$ 232,835	$ 245,531				$ 224,140	$ 245,531	$ 303,997

Other Information (Schedule Of

Other Information (Schedule Of Accumulated Other Comprehensive Loss - Deferred Tax Liabilities) (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Foreign currency translation adjustments and other	$ (600)	$ 8,200	$ 2,559	$ (14,421)	$ 3,210

Other Information - Barter and

Other Information - Barter and Trade Revenues and Expenses from Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Barter and trade revenues	$ 30	$ 13.6	$ 69.4	$ 66	$ 56.5
Barter and trade expenses	$ 28.1	$ 13.5	$ 68.1	$ 58.5	$ 58.8

Segment Data (Schedule Of Opera

Segment Data (Schedule Of Operating Segment Results) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Revenue	$ 1,344,564	$ 1,715,797	$ 1,630,034	$ 1,630,154	$ 1,342,548	$ 1,694,367	$ 1,587,522	$ 1,618,097	$ 1,343,058	$ 6,318,533	$ 6,243,044	$ 6,246,884
Direct operating expenses	578,519	649,983	648,409	644,870	597,688	678,769	651,413	635,528	599,310	2,540,950	2,565,020	2,504,529
Selling, general and administrative expenses	416,188	419,800	427,259	418,928	414,636	420,012	408,684	408,399	401,833	1,680,623	1,638,928	1,660,289
Depreciation and amortization	170,453	186,100	175,865	174,062	174,871	191,582	177,330	179,734	182,182	710,898	730,828	729,285
Impairment charges		19,239	35	4,902	0	16,970	0	0	0	24,176	16,970	37,651
Corporate expenses	77,288	87,227	78,202	82,197	72,705	67,812	89,574	75,328	80,800	320,331	313,514	293,207
Other operating income (expense),net	(8,974)	(5,678)	47,172	(1,628)	165	13,304	6,186	1,113	2,395	40,031	22,998	48,127
Operating income (loss)	93,142	347,770	$ 347,436	$ 303,567	82,813	332,526	$ 266,707	$ 320,221	$ 81,328	1,081,586	1,000,782	1,070,050
Segment assets	13,581,933	14,040,242				15,097,302				14,040,242	15,097,302	16,292,713
Capital expenditures	56,455				67,408					318,164	324,526	390,280
Share-based compensation expense	2,524				3,036					10,713	16,715	28,540
Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	3,742				4,545					16,905	16,734	16,507
iHM [Member]
Segment Reporting Information [Line Items]
Revenue	697,801				670,347					3,161,503	3,131,595	3,084,780
Direct operating expenses	213,829				211,946					927,674	953,577	888,914
Selling, general and administrative expenses	261,349				253,345					1,018,930	984,704	959,182
Depreciation and amortization	60,742				60,324					240,868	262,136	262,409
Impairment charges										0	0	0
Corporate expenses	0				0					0	0	0
Other operating income (expense),net	0				0					0	0	0
Operating income (loss)	161,881				144,732					974,031	931,178	974,275
Segment assets		7,720,181				7,933,564				7,720,181	7,933,564	8,061,701
Capital expenditures	11,913				10,292					50,403	75,742	65,821
Share-based compensation expense	0				0					0	0	0
iHM [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	0				0					10	0	0
Americas Outdoor Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	295,863				290,610					1,350,623	1,385,757	1,367,669
Direct operating expenses	146,234				143,364					605,771	610,750	625,852
Selling, general and administrative expenses	55,637				56,368					233,641	243,456	262,645
Depreciation and amortization	50,340				49,712					203,928	206,031	200,372
Impairment charges										0	0	0
Corporate expenses	0				0					0	0	0
Other operating income (expense),net	0				0					0	0	0
Operating income (loss)	43,652				41,166					307,283	325,520	278,800
Segment assets		3,664,574				3,823,347				3,664,574	3,823,347	3,991,147
Capital expenditures	16,695				16,444					109,727	96,590	130,786
Share-based compensation expense	0				0					0	0	0
Americas Outdoor Advertising [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	1,101				976					3,436	2,473	1,175
International Outdoor Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	319,180				344,641					1,610,636	1,560,433	1,579,275
Direct operating expenses	216,737				238,149					991,117	983,978	977,640
Selling, general and administrative expenses	71,493				76,581					314,878	300,116	312,017
Depreciation and amortization	42,441				48,331					198,143	194,493	196,909
Impairment charges										0	0	0
Corporate expenses	0				0					0	0	0
Other operating income (expense),net	0				0					0	0	0
Operating income (loss)	(11,491)				(18,420)					106,498	81,846	92,709
Segment assets		1,680,598				1,899,648				1,680,598	1,899,648	2,100,397
Capital expenditures	25,105				20,862					117,480	100,949	136,990
Share-based compensation expense	0				0					0	0	0
International Outdoor Advertising [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	0				0					0	0	80
Other [Member]
Segment Reporting Information [Line Items]
Revenue	35,462				41,495					212,676	181,993	231,667
Direct operating expenses	3,398				6,388					24,009	25,271	25,088
Selling, general and administrative expenses	29,772				30,728					122,448	118,830	129,987
Depreciation and amortization	7,666				8,719					33,543	39,291	45,568
Impairment charges										0	0	0
Corporate expenses	0				0					0	0	0
Other operating income (expense),net	0				0					0	0	0
Operating income (loss)	(5,374)				(4,340)					32,676	(1,399)	31,024
Segment assets		277,388				534,363				277,388	534,363	815,435
Capital expenditures	1,051				1,807					5,744	9,933	17,438
Share-based compensation expense	0				0					0	0	0
Other [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	2,641				3,569					13,459	14,261	15,252
Corporate and other reconciling items [Member]
Segment Reporting Information [Line Items]
Revenue	0				0					0	0	0
Direct operating expenses	0				0					0	0	0
Selling, general and administrative expenses	0				0					0	0	0
Depreciation and amortization	9,264				7,785					34,416	28,877	24,027
Impairment charges										24,176	16,970	37,651
Corporate expenses	77,288				72,705					320,341	313,514	293,207
Other operating income (expense),net	(8,974)				165					40,031	22,998	48,127
Operating income (loss)	(95,526)				(80,325)					(338,902)	(336,363)	(306,758)
Segment assets		697,501				906,380				697,501	906,380	1,324,033
Capital expenditures	1,691				18,003					34,810	41,312	39,245
Share-based compensation expense	2,524				3,036					10,713	16,715	28,540
Corporate and other reconciling items [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	0				0					0	0	0
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(3,742)				(4,545)					(16,905)	(16,734)	(16,507)
Direct operating expenses	(1,679)				(2,159)					(7,621)	(8,556)	(12,965)
Selling, general and administrative expenses	(2,063)				(2,386)					(9,274)	(8,178)	(3,542)
Depreciation and amortization	0				0					0	0	0
Impairment charges										0	0	0
Corporate expenses	0				0					(10)	0	0
Other operating income (expense),net	0				0					0	0	0
Operating income (loss)	0				0					0	0	0
Segment assets		$ 0				$ 0				0	0	0
Capital expenditures	0				0					0	0	0
Share-based compensation expense	0				0					0	0	0
Eliminations [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenue	$ 0				$ 0					$ 0	$ 0	$ 0

Certain Relationships And Rel54

Certain Relationships And Related Party Transactions (Narrative) (Detail) - USD ($)	Apr. 02, 2015	Jan. 07, 2015	Jan. 31, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 09, 2010
Related Party Transaction [Line Items]
Management agreement maturity date				2,018		2,018
Management fee, rate per year				$ 15,000,000		$ 15,000,000
Management fees and reimbursable expenses				3,900,000	$ 4,000,000	15,200,000	$ 15,800,000	$ 15,900,000
Common Class A [Member]
Related Party Transaction [Line Items]
Total authorized stock repurchase amount				$ 13,800,000		$ 34,200,000				$ 100,000,000
Common Class A [Member] | CC Finco, LLC [Member]
Related Party Transaction [Line Items]
Shares purchase amout during the period			2,000,000			5,000,000		111,291	1,553,971
Shares purchased during the period, value		$ 20,400,000	$ 20,400,000			$ 48,800,000		$ 692,887	$ 16,400,000
Additional shares purchased		2,000,000
Common Class A [Member] | CC Finco, LLC [Member] | Subsequent Event
Related Party Transaction [Line Items]
Shares purchased during the period, value	$ 22,200,000
Additional shares purchased	2,172,946
Collective Holdings Percentage Of Oustanding Shares	90.00%

Guarantor Subsidiaries (Schedul

Guarantor Subsidiaries (Schedule Of Guarantor Subsidiaries, Balance Sheet) (Detail) - USD ($) $ in Thousands		Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash and cash equivalents		$ 289,014		$ 457,024		$ 660,742	$ 708,151	$ 1,225,010	$ 1,228,682
Accounts receivable, net of allowance		1,242,075		1,395,248			1,440,501
Intercompany receivables				0	[1]		0
Prepaid expenses		244,840		191,572			203,485
Other current assets		141,624		136,299			161,157
Total Current Assets		1,917,553		2,180,143			2,513,294
Structures, net		1,567,653		1,614,199			1,765,510
Other property, plant and equipment, net		1,018,137		1,084,865			1,132,120
Indefinite-lived intangibles - licenses		2,411,259		2,411,071			2,416,406
Indefinite-lived intangibles - permits		1,065,810		1,066,748			1,067,783
Other intangibles, net		1,141,481		1,206,727			1,466,546
Goodwill		4,170,632		4,187,424			4,202,187	4,216,085
Intercompany notes receivable				0			0
Long-term intercompany receivable				0			0
Investment in subsidiaries				0			0
Other assets		289,408		289,065			533,456
Total Assets		13,581,933		14,040,242			15,097,302	16,292,713
Accounts payable		132,419		132,258			131,370
Accrued expenses		718,418		799,475			807,210
Intercompany payable		5,800,000		0	[1]		0
Accrued interest		162,961		252,900			194,844
Deferred income		217,019		176,048			176,460
Current portion of long-term debt		2,844		3,604			453,734
Total Current Liabilities		1,233,661		1,364,285			1,763,618
Long-term debt		20,483,195		20,322,414			20,030,479
Long-term intercompany payable							0
Intercompany long-term debt				0			0
Deferred income taxes		1,566,965		1,563,888			1,537,820
Other long-term liabilities		451,795		454,863			462,020
Total member's interest (deficit)		(10,153,683)		(9,665,208)			(8,696,635)	(7,995,191)	(7,471,941)
Total Liabilities and Member's Deficit		13,581,933		14,040,242			15,097,302
Long-term intercompany payable				0
iHM [Member]
Cash and cash equivalents				0			0	0	0
Accounts receivable, net of allowance				0			0
Intercompany receivables				0	[1]		0
Prepaid expenses				0			0
Other current assets				0			0
Total Current Assets				0			0
Structures, net				0			0
Other property, plant and equipment, net				0			0
Indefinite-lived intangibles - licenses				0			0
Indefinite-lived intangibles - permits				0			0
Other intangibles, net				0			0
Goodwill				0			0
Intercompany notes receivable				0			0
Long-term intercompany receivable				0			0
Investment in subsidiaries		(10,337,218)		(9,875,294)			(9,053,312)
Other assets				0			0
Total Assets		(10,337,218)		(9,875,294)			(9,053,312)
Accounts payable				0			0
Accrued expenses				0			0
Intercompany payable				0	[1]		0
Accrued interest				0			0
Deferred income				0			0
Current portion of long-term debt				0			0
Total Current Liabilities				0			0
Long-term debt				0			0
Long-term intercompany payable							0
Intercompany long-term debt				0			0
Deferred income taxes				0			0
Other long-term liabilities				0			0
Total member's interest (deficit)		(10,337,218)		(9,875,294)			(9,053,312)
Total Liabilities and Member's Deficit		(10,337,218)		(9,875,294)			(9,053,312)
Long-term intercompany payable				0
Subsidiary Issuer [Member]
Cash and cash equivalents		7		7		9	9	11	1
Accounts receivable, net of allowance				0			0
Intercompany receivables		1,593,835	[2]	1,875,543	[1],[3]		3,022,719
Prepaid expenses		3,806		1,671			1,743
Other current assets		23,569		24,522			22,184
Total Current Assets		1,621,217		1,901,743			3,046,655
Structures, net				0			0
Other property, plant and equipment, net				0			0
Indefinite-lived intangibles - licenses				0			0
Indefinite-lived intangibles - permits				0			0
Other intangibles, net				0			0
Goodwill				0			0
Intercompany notes receivable		962,000		962,000			962,000
Long-term intercompany receivable				0			0
Investment in subsidiaries		4,125,095		4,236,322			3,876,744
Other assets		104,819		102,020			109,231
Total Assets		6,813,131		7,202,085			7,994,630
Accounts payable				0			0
Accrued expenses		(61,802)		(97,506)			(133,481)
Intercompany payable	[1]			0
Accrued interest		172,122		278,502			219,921
Deferred income				0			0
Current portion of long-term debt				0			437,735
Total Current Liabilities		110,320		180,996			524,175
Long-term debt		16,165,799		15,998,144			15,798,376
Long-term intercompany payable		886,321		947,806			879,108
Intercompany long-term debt				0			0
Deferred income taxes		(32,570)		(70,053)			(175,925)
Other long-term liabilities		20,478		20,485			22,207
Total member's interest (deficit)		(10,337,217)		(9,875,293)			(9,053,311)
Total Liabilities and Member's Deficit		6,813,131		7,202,085			7,994,630
Long-term intercompany payable				947,806
Guarantor Subsidiaries [Member]
Cash and cash equivalents		49,621		225,402		210,509	182,152	333,768	461,572
Accounts receivable, net of allowance		611,099		695,356			727,419
Intercompany receivables				0	[1]		0
Prepaid expenses		86,216		55,092			56,070
Other current assets		61,525		48,490			69,474
Total Current Assets		808,461		1,024,340			1,035,115
Structures, net				0			0
Other property, plant and equipment, net		753,932		792,599			815,358
Indefinite-lived intangibles - licenses		2,411,259		2,411,071			2,416,406
Indefinite-lived intangibles - permits				0			0
Other intangibles, net		741,439		787,772			970,926
Goodwill		3,366,558		3,366,558			3,348,299
Intercompany notes receivable				0			0
Long-term intercompany receivable				0			0
Investment in subsidiaries		(111,683)		7,269			231,141
Other assets		54,783		55,690			51,920
Total Assets		8,024,749		8,445,299			8,869,165
Accounts payable		58,111		56,093			45,289
Accrued expenses		346,621		348,479			361,977
Intercompany payable		1,736,600	[2]	2,014,433	[1],[3]		3,084,544
Accrued interest				0			241
Deferred income		84,921		79,110			65,710
Current portion of long-term debt		144		143			0
Total Current Liabilities		2,226,397		2,498,258			3,557,761
Long-term debt		4,989		5,030			4,000
Long-term intercompany payable							0
Intercompany long-term debt		962,000		962,000			962,000
Deferred income taxes		957,743		988,675			1,056,586
Other long-term liabilities		201,336		199,517			189,573
Total member's interest (deficit)		3,672,284		3,791,819			3,099,245
Total Liabilities and Member's Deficit		8,024,749		8,445,299			8,869,165
Long-term intercompany payable				0
Non-Guarantor Subsidiaries [Member]
Cash and cash equivalents		239,386		231,615		$ 450,224	525,990	891,231	767,109
Accounts receivable, net of allowance		630,976		699,892			713,082
Intercompany receivables		142,765	[2]	138,890	[1],[3]		61,825
Prepaid expenses		154,818		134,809			145,672
Other current assets		69,965		93,656			341,948
Total Current Assets		1,237,910		1,298,862			1,788,517
Structures, net		1,567,653		1,614,199			1,765,510
Other property, plant and equipment, net		264,205		292,266			316,762
Indefinite-lived intangibles - licenses				0			0
Indefinite-lived intangibles - permits		1,065,810		1,066,748			1,067,783
Other intangibles, net		400,042		418,955			495,620
Goodwill		804,074		820,866			853,888
Intercompany notes receivable				0			0
Long-term intercompany receivable		886,321		947,806			879,108
Investment in subsidiaries				0			0
Other assets		752,412		731,598			686,900
Total Assets		6,978,427		7,191,300			7,854,088
Accounts payable		74,308		76,165			86,081
Accrued expenses		433,599		548,502			578,714
Intercompany payable				0	[1]		0
Accrued interest		4,274		4,767			3,966
Deferred income		132,098		96,938			110,750
Current portion of long-term debt		2,700		3,461			15,999
Total Current Liabilities		646,979		729,833			795,510
Long-term debt		4,928,335		4,930,468			4,919,377
Long-term intercompany payable							0
Intercompany long-term debt				0			0
Deferred income taxes		642,120		646,919			656,941
Other long-term liabilities		229,981		234,861			250,240
Total member's interest (deficit)		531,012		649,219			1,232,020
Total Liabilities and Member's Deficit		6,978,427		7,191,300			7,854,088
Long-term intercompany payable				0
Consolidation, Eliminations [Member]
Cash and cash equivalents				0			0	$ 0	$ 0
Accounts receivable, net of allowance				0			0
Intercompany receivables		(1,736,600)	[2]	(2,014,433)	[1],[3]		(3,084,544)
Prepaid expenses				0			0
Other current assets		(13,435)		(30,369)			(272,449)
Total Current Assets		(1,750,035)		(2,044,802)			(3,356,993)
Structures, net				0			0
Other property, plant and equipment, net				0			0
Indefinite-lived intangibles - licenses				0			0
Indefinite-lived intangibles - permits				0			0
Other intangibles, net				0			0
Goodwill				0			0
Intercompany notes receivable		(962,000)		(962,000)			(962,000)
Long-term intercompany receivable		(886,321)		(947,806)			(879,108)
Investment in subsidiaries		6,323,806		5,631,703			4,945,427
Other assets		(622,606)		(600,243)			(314,595)
Total Assets		2,102,844		1,076,852			(567,269)
Accounts payable				0			0
Accrued expenses				0			0
Intercompany payable		(1,736,600)	[2]	(2,014,433)	[1],[3]		(3,084,544)
Accrued interest		(13,435)		(30,369)			(29,284)
Deferred income				0			0
Current portion of long-term debt				0			0
Total Current Liabilities		(1,750,035)		(2,044,802)			(3,113,828)
Long-term debt		(615,928)		(611,228)			(691,274)
Long-term intercompany payable		(886,321)		(947,806)			(879,108)
Intercompany long-term debt		(962,000)		(962,000)			(962,000)
Deferred income taxes		(328)		(1,653)			218
Other long-term liabilities				0			0
Total member's interest (deficit)		6,317,456		5,644,341			5,078,723
Total Liabilities and Member's Deficit		$ 2,102,844		1,076,852			$ (567,269)
Long-term intercompany payable				$ (947,806)
[1]	(1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.
[2]	The intercompany payable balance includes approximately $5.8 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.
[3]	The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.

Guarantor Subsidiaries (Sched56

Guarantor Subsidiaries (Schedule Of Guarantor Subsidiaries, Balance Sheet) (Parenthetical) (Detail) - Entity [Domain] - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Borrowing under senior secured credit facility	$ 5,800,000	$ 0	[1]	$ 0
Borrowing under senior secured credit facility		6,700,000
Intercompany receivables		0	[1]	$ 0
Senior Secured Credit Facility [Member]
Borrowing under senior secured credit facility		7,300,000
Intercompany receivables		$ 6,700,000
[1]	(1) The intercompany payable balance includes approximately $6.7 billion of designated amounts of borrowing under the senior secured credit facilities by certain Guarantor Subsidiaries that are Co-Borrowers and primary obligors thereunder with respect to these amounts. These amounts were incurred by the Co-Borrowers at the time of the closing of the merger, but were funded and will be repaid through accounts of the Subsidiary Issuer. The intercompany receivables balance includes the amount of such borrowings, which are required to be repaid to the lenders under the senior secured credit facilities by the Guarantor Subsidiaries as Co-Borrowers and primary obligors thereunder.

Guarantor Subsidiaries (Sched57

Guarantor Subsidiaries (Schedule Of Guarantor Subsidiaries, Income Statement) (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenue	$ 1,344,564	$ 1,715,797	$ 1,630,034	$ 1,630,154	$ 1,342,548	$ 1,694,367	$ 1,587,522	$ 1,618,097	$ 1,343,058	$ 6,318,533	$ 6,243,044	$ 6,246,884
Operating expenses:
Direct operating expenses	578,519	649,983	648,409	644,870	597,688	678,769	651,413	635,528	599,310	2,540,950	2,565,020	2,504,529
Selling, general and administrative expenses	416,188	419,800	427,259	418,928	414,636	420,012	408,684	408,399	401,833	1,680,623	1,638,928	1,660,289
Corporate expenses	77,288	87,227	78,202	82,197	72,705	67,812	89,574	75,328	80,800	320,331	313,514	293,207
Depreciation and amortization	170,453	186,100	175,865	174,062	174,871	191,582	177,330	179,734	182,182	710,898	730,828	729,285
Impairment charge		19,239	35	4,902	0	16,970	0	0	0	24,176	16,970	37,651
Other operating income (expense), net	(8,974)	(5,678)	47,172	(1,628)	165	13,304	6,186	1,113	2,395	40,031	22,998	48,127
Operating income (loss)	93,142	347,770	347,436	303,567	82,813	332,526	266,707	320,221	81,328	1,081,586	1,000,782	1,070,050
Interest (income) expense, net	441,771	437,261	432,616	440,605	431,114	418,014	438,404	407,508	385,525	1,741,596	1,649,451	1,549,023
Gain (loss) on marketable securities	579	0	0	0	0	(50)	31	130,898	0	0	130,879	(4,580)
Equity in earnings (loss) of nonconsolidated affiliates	331	(29)	3,955	(16)	(13,326)	(91,291)	3,983	5,971	3,641	(9,416)	(77,696)	18,557
Gain (loss) on extinguishment of debt	(2,201)	12,912	(4,840)	(47,503)	(3,916)	(83,980)	0	0	(3,888)	(43,347)	(87,868)	(254,723)
Other income (expense), net	19,891	(7,211)	2,617	12,157	1,541	(4,591)	1,709	(18,098)	(1,000)	9,104	(21,980)	250
Income (loss) before income taxes	(330,029)	(83,819)	(83,448)	(172,400)	(364,002)	(265,400)	(165,974)	31,484	(305,444)	(703,669)	(705,334)	(719,469)
Income tax benefit (expense)	(56,605)	33,654	(24,376)	621	(68,388)	(36,833)	73,802	(11,477)	96,325	(58,489)	121,817	308,279
Consolidated net income (loss)	(386,634)	(50,165)	(107,824)	(171,779)	(432,390)	(302,233)	(92,172)	20,007	(209,119)	(762,158)	(583,517)	(411,190)
Less amount attributable to noncontrolling interest	(1,668)	17,923	7,028	14,852	(8,200)	6,994	9,683	12,805	(6,116)	31,603	23,366	13,289
Net income (loss) attributable to the Company	(384,966)	$ (68,088)	$ (114,852)	$ (186,631)	(424,190)	$ (309,227)	$ (101,855)	$ 7,202	$ (203,003)	(793,761)	(606,883)	(424,479)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(82,159)				(2,217)					(121,878)	(33,001)	40,242
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities	822				1,084					327	16,576	23,103
Unrealized holding gain on cash flow derivatives										0	48,180	52,112
Other adjustments to comprehensive income (loss)	(1,154)				3,309					(11,438)	6,732	1,135
Reclassification adjustment for realized gain (loss) on securities included in net loss										3,317	(83,752)	2,045
Equity in subsidiary comprehensive income (loss)										0	0	0
Comprehensive income (loss)	(467,457)				(422,014)					(923,433)	(652,148)	(305,842)
Less amount attributable to noncontrolling interest	(6,353)				(2,963)					(21,080)	(2,476)	5,878
Comprehensive income (loss) attributable to the Company	(461,104)				(419,051)					(902,353)	(649,672)	(311,720)
iHM [Member]
Revenue										0	0	0
Operating expenses:
Direct operating expenses										0	0	0
Selling, general and administrative expenses										0	0	0
Corporate expenses										0	0	0
Depreciation and amortization										0	0	0
Impairment charge										0	0	0
Other operating income (expense), net										0	0	0
Operating income (loss)										0	0	0
Interest (income) expense, net										0	0	0
Gain (loss) on marketable securities										0	0	0
Equity in earnings (loss) of nonconsolidated affiliates	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Gain (loss) on extinguishment of debt										0	0	0
Other income (expense), net										0	0	0
Income (loss) before income taxes	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Income tax benefit (expense)										0	0	0
Consolidated net income (loss)	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Less amount attributable to noncontrolling interest										0	0	0
Net income (loss) attributable to the Company	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments										0	0	0
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities										0	0	0
Unrealized holding gain on cash flow derivatives										0	0	0
Other adjustments to comprehensive income (loss)										0	0	2
Reclassification adjustment for realized gain (loss) on securities included in net loss										0	0	0
Equity in subsidiary comprehensive income (loss)	(78,344)				4,154					(101,548)	(39,534)	107,179
Comprehensive income (loss)	(462,517)				(358,248)					(823,960)	(541,431)	(229,493)
Less amount attributable to noncontrolling interest										0	0	0
Comprehensive income (loss) attributable to the Company	(462,517)				(358,248)					(823,960)	(541,431)	(229,493)
Subsidiary Issuer [Member]
Revenue										0	0	0
Operating expenses:
Direct operating expenses										0	0	0
Selling, general and administrative expenses										0	0	0
Corporate expenses	2,694				2,688					10,496	10,819	10,829
Depreciation and amortization										0	0	0
Impairment charge										0	0	0
Other operating income (expense), net										0	0	0
Operating income (loss)	(2,694)				(2,688)					(10,496)	(10,819)	(10,829)
Interest (income) expense, net	370,114				365,228					1,459,461	1,396,249	1,307,703
Gain (loss) on marketable securities										0	0	(1)
Equity in earnings (loss) of nonconsolidated affiliates	(33,483)				(309)					458,156	439,900	492,819
Gain (loss) on extinguishment of debt	(2,201)				45,330					127,707	(87,868)	(33,652)
Other income (expense), net					(46)					(90)	(23,551)	(1)
Income (loss) before income taxes	(408,492)				(322,941)					(884,184)	(1,078,587)	(859,367)
Income tax benefit (expense)	24,319				(39,461)					161,772	576,690	522,693
Consolidated net income (loss)	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Less amount attributable to noncontrolling interest										0	0	0
Net income (loss) attributable to the Company	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments										0	0	0
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities										0	0	0
Unrealized holding gain on cash flow derivatives										0	48,180	52,112
Other adjustments to comprehensive income (loss)					(8,181)					0	0	(2)
Reclassification adjustment for realized gain (loss) on securities included in net loss										(8,181)	0	0
Equity in subsidiary comprehensive income (loss)	(78,344)				12,335					(93,367)	(87,714)	55,069
Comprehensive income (loss)	(462,517)				(358,248)					(823,960)	(541,431)	(229,495)
Less amount attributable to noncontrolling interest										0	0	0
Comprehensive income (loss) attributable to the Company	(462,517)				(358,248)					(823,960)	(541,431)	(229,495)
Guarantor Subsidiaries [Member]
Revenue	727,465				705,354					3,348,477	3,287,967	3,288,779
Operating expenses:
Direct operating expenses	214,462				215,396					940,428	967,980	898,939
Selling, general and administrative expenses	288,874				281,311					1,130,445	1,092,683	1,079,482
Corporate expenses	45,841				39,320					178,941	178,296	166,546
Depreciation and amortization	76,041				75,779					303,299	326,185	328,633
Impairment charge										20,646	3,820	0
Other operating income (expense), net	(3,530)				(2,489)					32,772	11	(2,825)
Operating income (loss)	98,717				91,059					807,490	719,014	812,354
Interest (income) expense, net	16,800				13,005					52,210	39,991	23,143
Gain (loss) on marketable securities	579									0	170,133	(2,001)
Equity in earnings (loss) of nonconsolidated affiliates	(20,873)				(53,019)					73,080	(94,224)	(174,774)
Gain (loss) on extinguishment of debt					(48,366)					(181,078)	0	0
Other income (expense), net	21				614					(4,397)	25,534	3,960
Income (loss) before income taxes	61,644				(22,717)					642,885	780,466	616,396
Income tax benefit (expense)	(97,360)				13,707					(179,835)	(421,063)	(246,380)
Consolidated net income (loss)	(35,716)				(9,010)					463,050	359,403	370,016
Less amount attributable to noncontrolling interest	(2,233)				(8,701)					4,894	(768)	(10,613)
Net income (loss) attributable to the Company	(33,483)				(309)					458,156	360,171	380,629
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	13,850				(6,455)					20,569	15,380	(399)
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities										3,924	15,390	25,676
Unrealized holding gain on cash flow derivatives										0	0	0
Other adjustments to comprehensive income (loss)										0	0	0
Reclassification adjustment for realized gain (loss) on securities included in net loss										0	(82,321)	0
Equity in subsidiary comprehensive income (loss)	(100,846)				10,543					(140,694)	(36,445)	33,967
Comprehensive income (loss)	(120,479)				3,779					341,955	272,175	439,873
Less amount attributable to noncontrolling interest	(8,652)				(66)					(14,653)	(282)	4,175
Comprehensive income (loss) attributable to the Company	(111,827)				3,845					356,608	272,457	435,698
Non-Guarantor Subsidiaries [Member]
Revenue	621,660				642,291					2,988,848	2,973,493	2,974,108
Operating expenses:
Direct operating expenses	365,628				384,183					1,607,507	1,604,236	1,613,571
Selling, general and administrative expenses	130,304				136,531					561,985	557,465	588,829
Corporate expenses	28,753				30,697					130,894	124,399	115,832
Depreciation and amortization	94,412				99,092					407,599	404,643	400,652
Impairment charge										3,530	13,150	37,651
Other operating income (expense), net	(5,444)				2,654					7,259	22,987	50,952
Operating income (loss)	(2,881)				(5,558)					284,592	292,587	268,525
Interest (income) expense, net	54,064				43,918					214,008	171,682	139,824
Gain (loss) on marketable securities					51,078					62,895	(18)	(2,578)
Equity in earnings (loss) of nonconsolidated affiliates	522				(13,237)					(8,889)	(77,410)	19,464
Gain (loss) on extinguishment of debt										0	0	(221,071)
Other income (expense), net	19,870				1,840					16,152	258	5,743
Income (loss) before income taxes	(36,553)				(9,795)					140,742	43,735	(69,741)
Income tax benefit (expense)	16,436				(42,634)					(40,426)	(33,810)	31,966
Consolidated net income (loss)	(20,117)				(52,429)					100,316	9,925	(37,775)
Less amount attributable to noncontrolling interest	565				501					26,709	24,134	23,902
Net income (loss) attributable to the Company	(20,682)				(52,930)					73,607	(14,209)	(61,677)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(96,009)				4,238					(142,447)	(48,381)	40,641
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities	(1,384)				99					3,447	4,441	(8,151)
Unrealized holding gain on cash flow derivatives										0	0	0
Other adjustments to comprehensive income (loss)	(1,154)				11,490					(11,438)	6,732	1,135
Reclassification adjustment for realized gain (loss) on securities included in net loss										11,498	(1,431)	2,045
Equity in subsidiary comprehensive income (loss)										0	0	0
Comprehensive income (loss)	(119,229)				(37,103)					(65,333)	(52,848)	(26,007)
Less amount attributable to noncontrolling interest	2,299				(2,897)					(6,427)	(2,194)	1,703
Comprehensive income (loss) attributable to the Company	(121,528)				(34,206)					(58,906)	(50,654)	(27,710)
Consolidation, Eliminations [Member]
Revenue	(4,561)				(5,097)					(18,792)	(18,416)	(16,003)
Operating expenses:
Direct operating expenses	(1,571)				(1,891)					(6,985)	(7,196)	(7,981)
Selling, general and administrative expenses	(2,990)				(3,206)					(11,807)	(11,220)	(8,022)
Corporate expenses										0	0	0
Depreciation and amortization										0	0	0
Impairment charge										0	0	0
Other operating income (expense), net										0	0	0
Operating income (loss)										0	0	0
Interest (income) expense, net	793				8,963					15,917	41,529	78,353
Gain (loss) on marketable securities					(51,078)					(62,895)	(39,236)	0
Equity in earnings (loss) of nonconsolidated affiliates	438,338				415,641					190,649	155,935	17,722
Gain (loss) on extinguishment of debt					(880)					10,024	0	0
Other income (expense), net					(867)					(2,561)	(24,221)	(9,452)
Income (loss) before income taxes	437,545				353,853					119,300	50,949	(70,083)
Income tax benefit (expense)										0	0	0
Consolidated net income (loss)	437,545				353,853					119,300	50,949	(70,083)
Less amount attributable to noncontrolling interest										0	0	0
Net income (loss) attributable to the Company	437,545				353,853					119,300	50,949	(70,083)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments										0	0	0
Unrealized gain (loss) on securities and derivatives:
Unrealized holding gain (loss) on marketable securities	2,206				985					(7,044)	(3,255)	5,578
Unrealized holding gain on cash flow derivatives										0	0	0
Other adjustments to comprehensive income (loss)										0	0	0
Reclassification adjustment for realized gain (loss) on securities included in net loss										0	0	0
Equity in subsidiary comprehensive income (loss)	257,534				(27,032)					335,609	163,693	(196,215)
Comprehensive income (loss)	697,285				327,806					447,865	211,387	(260,720)
Less amount attributable to noncontrolling interest										0	0	0
Comprehensive income (loss) attributable to the Company	$ 697,285				$ 327,806					$ 447,865	$ 211,387	$ (260,720)

Guarantor Subsidiaries (Sched58

Guarantor Subsidiaries (Schedule Of Guarantor Subsidiaries, Cash Flow) (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Consolidated net income (loss)	$ (386,634)	$ (50,165)	$ (107,824)	$ (171,779)	$ (432,390)	$ (302,233)	$ (92,172)	$ 20,007	$ (209,119)	$ (762,158)	$ (583,517)	$ (411,190)
Reconciling items:
Impairment charges		19,239	35	4,902	0	16,970	0	0	0	24,176	16,970	37,651
Depreciation and amortization	170,453	186,100	175,865	174,062	174,871	191,582	177,330	179,734	182,182	710,898	730,828	729,285
Deferred taxes	16,220				25,308					33,923	(158,170)	(304,611)
Provision for doubtful accounts	6,448				3,418					14,167	20,243	11,715
Amortization of deferred financing charges and note discounts, net	15,602				31,220					89,701	124,342	164,097
Share-based compensation	2,524				3,036					10,713	16,715	28,540
(Gain) loss on disposal of operating and fixed assets	552				(165)					(44,512)	(22,998)	(48,127)
(Gain) loss on marketable securities	(579)	0	0	0	0	50	(31)	(130,898)	0	0	(130,879)	4,580
Equity in (earnings) loss of nonconsolidated affiliates	(331)	29	(3,955)	16	13,326	91,291	(3,983)	(5,971)	(3,641)	9,416	77,696	(18,557)
Loss (gain) on extinguishment of debt	2,201	(12,912)	$ 4,840	47,503	3,916	83,980	$ 0	$ 0	3,888	43,347	87,868	254,723
Other reconciling items, net	(20,033)				(1,577)					(14,325)	19,904	14,234
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	114,083				149,407					(13,898)	(29,605)	(34,238)
Increase (decrease) in accrued expenses	(63,457)				(39,724)					31,049	26,105	34,874
Increase (decrease) in accounts payable	6,284				8,008					6,404	(2,620)	13,863
Increase (decrease) in accrued interest	(73,316)				(39,739)					88,560	16,014	20,223
Increase (decrease) in deferred income	48,623				61,525					11,288	7,508	33,482
Changes in other operating assets and liabilities	(74,852)				(52,088)					6,367	(3,532)	(45,412)
Net cash provided by (used for) operating activities	(236,212)				(91,648)					245,116	212,872	485,132
Cash flows from investing activities:
Proceeds from sale of investment securities	579				220,961					236,618	135,571	0
Purchases of businesses										841	(97)	(50,116)
Purchases of property, plant and equipment	(56,455)				(67,408)					(318,164)	(324,526)	(390,280)
Proceeds from disposal of assets	32,603				1,425					10,273	81,598	59,665
Purchases of other operating assets	(1,964)				(370)					(4,541)	(21,532)	(14,826)
Investments in subsidiaries										0
Dividends from subsidiaries										0	0	0
Change in other, net	(5,331)				(1,954)					(13,709)	(4,379)	(1,464)
Net cash provided by (used for) investing activities	(30,568)				152,654					(88,682)	(133,365)	(397,021)
Cash flows from financing activities:
Draws on credit facilities	120,000				820					68,010	272,252	604,563
Payments on credit facilities	(1,859)				(247,675)					(315,682)	(27,315)	(1,931,419)
Intercompany funding										0	0	0
Proceeds from long-term debt	950,000				209,975					2,062,475	575,000	4,917,643
Payments on long-term debt	(931,274)				(63,902)					(2,099,101)	(1,248,860)	(3,346,906)
Payments to repurchase noncontrolling interests	(20,400)									(48,750)	(61,143)	(7,040)
Dividends and other payments to noncontrolling interests	(2,119)				(3,955)					(40,027)	(91,887)	(251,665)
Dividends paid										0	0	0
Deferred financing charges	(10,011)				(1,064)					(26,169)	(18,390)	(83,617)
Change in other, net	644				(183)					1,243	4,461	3,092
Net cash provided by (used for) financing activities	104,981				(105,984)					(398,001)	(595,882)	(95,349)
Effect of exchange rate changes on cash	(6,211)				(2,431)					(9,560)	(484)	3,566
Net increase (decrease) in cash and cash equivalents	(168,010)				(47,409)					(251,127)	(516,859)	(3,672)
Cash and cash equivalents at beginning of period	457,024			660,742	708,151				1,225,010	708,151	1,225,010	1,228,682
Cash and cash equivalents at end of period	289,014	457,024			660,742	708,151				457,024	708,151	1,225,010
iHM [Member]
Cash flows from operating activities:
Consolidated net income (loss)	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Reconciling items:
Impairment charges										0	0	0
Depreciation and amortization										0	0	0
Deferred taxes										0	0	0
Provision for doubtful accounts										0	0	0
Amortization of deferred financing charges and note discounts, net										0	0	0
Share-based compensation										0	0	0
(Gain) loss on disposal of operating and fixed assets										0	0	0
(Gain) loss on marketable securities										0	0	0
Equity in (earnings) loss of nonconsolidated affiliates	384,173				362,402					722,412	501,897	336,674
Loss (gain) on extinguishment of debt										0	0	0
Other reconciling items, net										0	0	0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable										0	0	0
Increase (decrease) in accrued expenses										0	0	0
Increase (decrease) in accounts payable										0	0	0
Increase (decrease) in accrued interest										0	0	0
Increase (decrease) in deferred income										0	0	0
Changes in other operating assets and liabilities										0	0	0
Net cash provided by (used for) operating activities										0	0	0
Cash flows from investing activities:
Proceeds from sale of investment securities										0	0	0
Purchases of businesses										0	0	0
Purchases of property, plant and equipment										0	0	0
Proceeds from disposal of assets										0	0	0
Purchases of other operating assets										0	0	0
Investments in subsidiaries										0
Dividends from subsidiaries	6									993	0	0
Change in other, net					596					0	(270)	0
Net cash provided by (used for) investing activities	6				596					993	(270)	0
Cash flows from financing activities:
Draws on credit facilities										0	0	0
Payments on credit facilities										0	0	0
Intercompany funding										0	0	0
Proceeds from long-term debt										0	0	0
Payments on long-term debt										0	0	0
Payments to repurchase noncontrolling interests										0	0	0
Dividends and other payments to noncontrolling interests										0	0	0
Dividends paid										0	0	0
Deferred financing charges										0	0	0
Change in other, net	(6)				(596)					(993)	270	0
Net cash provided by (used for) financing activities	(6)				(596)					(993)	270	0
Effect of exchange rate changes on cash										0	0	0
Net increase (decrease) in cash and cash equivalents										0	0	0
Cash and cash equivalents at beginning of period	0				0				0	0	0	0
Cash and cash equivalents at end of period		0				0				0	0	0
Subsidiary Issuer [Member]
Cash flows from operating activities:
Consolidated net income (loss)	(384,173)				(362,402)					(722,412)	(501,897)	(336,674)
Reconciling items:
Impairment charges										0	0	0
Depreciation and amortization										0	0	0
Deferred taxes	37,483				60,033					105,872	(96,806)	(164,449)
Provision for doubtful accounts										0	0	0
Amortization of deferred financing charges and note discounts, net	13,982				36,143					92,277	141,886	196,549
Share-based compensation										0	0	0
(Gain) loss on disposal of operating and fixed assets										0	0	0
(Gain) loss on marketable securities										0	0	1
Equity in (earnings) loss of nonconsolidated affiliates	33,483				309					(458,156)	(439,900)	(492,819)
Loss (gain) on extinguishment of debt	2,201				(45,330)					(127,707)	87,868	33,652
Other reconciling items, net										0	1	0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable										0	0	0
Increase (decrease) in accrued expenses	35,704				112,909					35,975	0	0
Increase (decrease) in accounts payable										0	0	0
Increase (decrease) in accrued interest	(85,528)				(56,600)					94,485	11,714	21,731
Increase (decrease) in deferred income										0	0	0
Changes in other operating assets and liabilities	(2,135)				(1,690)					(1,374)	(35,373)	(60,782)
Net cash provided by (used for) operating activities	(348,983)				(256,628)					(981,040)	(832,507)	(802,791)
Cash flows from investing activities:
Proceeds from sale of investment securities										0	0	0
Purchases of businesses										0	0	0
Purchases of property, plant and equipment										0	0	0
Proceeds from disposal of assets										0	0	0
Purchases of other operating assets										0	0	0
Investments in subsidiaries										0
Dividends from subsidiaries										0	329,867	1,925,661
Change in other, net										0	0	0
Net cash provided by (used for) investing activities										0	329,867	1,925,661
Cash flows from financing activities:
Draws on credit facilities	120,000									65,000	269,500	602,500
Payments on credit facilities					(247,000)					(312,000)	(22,500)	(1,928,051)
Intercompany funding										1,215,783	1,160,225	914,258
Intercompany funding	220,222				505,805
Proceeds from long-term debt	950,000									2,080,450	575,000	0
Payments on long-term debt	(931,222)				(1,740)					(2,042,255)	(1,461,811)	(695,342)
Payments to repurchase noncontrolling interests										0		0
Dividends and other payments to noncontrolling interests	(6)									(993)	0	0
Dividends paid										0	0	0
Deferred financing charges	(10,011)				159					(24,947)	(18,046)	(13,629)
Change in other, net					(596)					0	270	(2,596)
Net cash provided by (used for) financing activities	348,983				256,628					981,038	502,638	(1,122,860)
Effect of exchange rate changes on cash										0	0	0
Net increase (decrease) in cash and cash equivalents										(2)	(2)	10
Cash and cash equivalents at beginning of period	7			9	9				11	9	11	1
Cash and cash equivalents at end of period	7	7			9	9				7	9	11
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Consolidated net income (loss)	(35,716)				(9,010)					463,050	359,403	370,016
Reconciling items:
Impairment charges										20,646	3,820	0
Depreciation and amortization	76,041				75,779					303,299	326,185	328,633
Deferred taxes	(26,668)				(22,461)					(53,442)	3,870	20,143
Provision for doubtful accounts	3,907				1,882					6,982	15,052	4,459
Amortization of deferred financing charges and note discounts, net										0	(3,621)	(7,534)
Share-based compensation	599				1,026					2,970	8,990	17,951
(Gain) loss on disposal of operating and fixed assets	1,907				2,489					(36,711)	(11)	2,825
(Gain) loss on marketable securities	(579)									0	(170,133)	2,001
Equity in (earnings) loss of nonconsolidated affiliates	20,873				53,019					(73,080)	94,224	174,774
Loss (gain) on extinguishment of debt					48,366					181,078	0	0
Other reconciling items, net	65				319					71	(111)	(7,707)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	80,343				98,808					24,454	(72,752)	12,256
Increase (decrease) in accrued expenses	(14,049)				(122,159)					(13,923)	8,072	9,432
Increase (decrease) in accounts payable	2,018				(4,886)					10,804	7,853	11,312
Increase (decrease) in accrued interest					46					(2,998)	321	0
Increase (decrease) in deferred income	8,223				18,118					16,962	6,953	9,521
Changes in other operating assets and liabilities	(39,551)				(22,930)					20,674	40,257	(16,167)
Net cash provided by (used for) operating activities	77,413				118,406					870,836	628,372	931,915
Cash flows from investing activities:
Proceeds from sale of investment securities	579									0	75	0
Purchases of businesses										502	(97)	(45,395)
Purchases of property, plant and equipment	(14,604)				(28,764)					(86,772)	(118,024)	(114,023)
Proceeds from disposal of assets	31,665				(997)					(2,588)	39,464	3,223
Purchases of other operating assets	(1,935)				(437)					(3,629)	(11,049)	(9,107)
Investments in subsidiaries										(125,000)
Dividends from subsidiaries					210,959					363,326	200,785	1,916,209
Change in other, net	(5,331)				(300)					(10,325)	(1,236)	2,700
Net cash provided by (used for) investing activities	10,374				180,461					135,514	109,918	1,753,607
Cash flows from financing activities:
Draws on credit facilities										0	0	0
Payments on credit facilities										0	0	0
Intercompany funding										(965,843)	(805,529)	(896,192)
Intercompany funding	(263,529)				(270,510)
Proceeds from long-term debt										0	0	0
Payments on long-term debt	(39)									2,743	0	(927)
Payments to repurchase noncontrolling interests										0	0	0
Dividends and other payments to noncontrolling interests										0	0	0
Dividends paid										0	(84,377)	(1,916,207)
Deferred financing charges										0	0	0
Change in other, net										0	0	0
Net cash provided by (used for) financing activities	(263,568)				(270,510)					(963,100)	(889,906)	(2,813,326)
Effect of exchange rate changes on cash										0	0	0
Net increase (decrease) in cash and cash equivalents	(175,781)				28,357					43,250	(151,616)	(127,804)
Cash and cash equivalents at beginning of period	225,402			210,509	182,152				333,768	182,152	333,768	461,572
Cash and cash equivalents at end of period	49,621	225,402			210,509	182,152				225,402	182,152	333,768
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Consolidated net income (loss)	(20,117)				(52,429)					100,316	9,925	(37,775)
Reconciling items:
Impairment charges										3,530	13,150	37,651
Depreciation and amortization	94,412				99,092					407,599	404,643	400,652
Deferred taxes	5,405				(12,264)					(18,507)	(65,234)	(160,305)
Provision for doubtful accounts	2,541				1,536					7,185	5,191	7,256
Amortization of deferred financing charges and note discounts, net	827				(13,886)					(18,493)	(55,452)	(103,271)
Share-based compensation	1,925				2,010					7,743	7,725	10,589
(Gain) loss on disposal of operating and fixed assets	(1,355)				(2,654)					(7,801)	(22,987)	(50,952)
(Gain) loss on marketable securities					(51,078)					(62,895)	18	2,578
Equity in (earnings) loss of nonconsolidated affiliates	(522)				13,237					8,889	77,410	(19,464)
Loss (gain) on extinguishment of debt										0	0	221,071
Other reconciling items, net	(20,098)				(1,896)					(14,396)	20,014	21,941
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	33,740				50,599					(38,352)	43,147	(46,494)
Increase (decrease) in accrued expenses	(85,112)				(30,474)					8,997	18,033	25,442
Increase (decrease) in accounts payable	4,266				12,894					(4,400)	(10,473)	2,551
Increase (decrease) in accrued interest	(489)				(1,915)					811	4,087	(2,377)
Increase (decrease) in deferred income	40,400				43,407					(5,674)	555	23,961
Changes in other operating assets and liabilities	(20,465)				(9,652)					(19,605)	(8,524)	32,406
Net cash provided by (used for) operating activities	35,358				46,527					354,947	441,228	365,460
Cash flows from investing activities:
Proceeds from sale of investment securities					430,701					609,135	355,073	50,149
Purchases of businesses										339	0	(4,721)
Purchases of property, plant and equipment	(41,851)				(38,644)					(231,392)	(206,502)	(276,257)
Proceeds from disposal of assets	938				2,422					12,861	42,134	56,442
Purchases of other operating assets	(29)				67					(912)	(10,483)	(5,719)
Investments in subsidiaries										0
Dividends from subsidiaries										0	0	0
Change in other, net	(20,400)				(64,742)					(500,451)	(3,143)	(4,857)
Net cash provided by (used for) investing activities	(61,342)				329,804					(110,420)	177,079	(184,963)
Cash flows from financing activities:
Draws on credit facilities					820					3,010	2,752	2,063
Payments on credit facilities	(1,859)				(675)					(3,682)	(4,815)	(3,368)
Intercompany funding										(249,940)	(378,917)	(18,066)
Intercompany funding	43,307				(235,295)
Proceeds from long-term debt										0	0	4,917,643
Payments on long-term debt	(13)				(11)					(48)	(6,626)	(2,700,786)
Payments to repurchase noncontrolling interests										0	(61,143)	(7,040)
Dividends and other payments to noncontrolling interests	(2,119)				(214,914)					(405,914)	(91,887)	(251,665)
Dividends paid										125,000	(446,275)	(1,935,115)
Deferred financing charges					(4)					(4)	(344)	(69,988)
Change in other, net	650				413					2,236	4,191	6,381
Net cash provided by (used for) financing activities	39,966				(449,666)					(529,342)	(983,064)	(59,941)
Effect of exchange rate changes on cash	(6,211)				(2,431)					(9,560)	(484)	3,566
Net increase (decrease) in cash and cash equivalents	7,771				(75,766)					(294,375)	(365,241)	124,122
Cash and cash equivalents at beginning of period	231,615			$ 450,224	525,990				891,231	525,990	891,231	767,109
Cash and cash equivalents at end of period	239,386	231,615			450,224	525,990				231,615	525,990	891,231
Consolidation, Eliminations [Member]
Cash flows from operating activities:
Consolidated net income (loss)	437,545				353,853					119,300	50,949	(70,083)
Reconciling items:
Impairment charges										0	0	0
Depreciation and amortization										0	0	0
Deferred taxes										0	0	0
Provision for doubtful accounts										0	0	0
Amortization of deferred financing charges and note discounts, net	793				8,963					15,917	41,529	78,353
Share-based compensation										0	0	0
(Gain) loss on disposal of operating and fixed assets										0	0	0
(Gain) loss on marketable securities					51,078					62,895	39,236	0
Equity in (earnings) loss of nonconsolidated affiliates	(438,338)				(415,641)					(190,649)	(155,935)	(17,722)
Loss (gain) on extinguishment of debt					880					(10,024)	0	0
Other reconciling items, net										0	0	0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable										0	0	0
Increase (decrease) in accrued expenses										0	0	0
Increase (decrease) in accounts payable										0	0	0
Increase (decrease) in accrued interest	12,701				18,730					(3,738)	(108)	869
Increase (decrease) in deferred income										0	0	0
Changes in other operating assets and liabilities	(12,701)				(17,816)					6,672	108	(869)
Net cash provided by (used for) operating activities					47					373	(24,221)	(9,452)
Cash flows from investing activities:
Proceeds from sale of investment securities					(209,740)					(372,517)	(219,577)	(50,149)
Purchases of businesses										0	0	0
Purchases of property, plant and equipment										0	0	0
Proceeds from disposal of assets										0	0	0
Purchases of other operating assets										0	0	0
Investments in subsidiaries										125,000
Dividends from subsidiaries	(6)				(210,959)					(364,319)	(530,652)	(3,841,870)
Change in other, net	20,400				62,492					497,067	270	693
Net cash provided by (used for) investing activities	20,394				(358,207)					(114,769)	(749,959)	(3,891,326)
Cash flows from financing activities:
Draws on credit facilities										0	0	0
Payments on credit facilities										0	0	0
Intercompany funding										0	24,221	0
Proceeds from long-term debt					209,975					(17,975)	0	0
Payments on long-term debt					(62,151)					(59,541)	219,577	50,149
Payments to repurchase noncontrolling interests	(20,400)									(48,750)	0	0
Dividends and other payments to noncontrolling interests	6				210,959					366,880	0	0
Dividends paid										(125,000)	530,652	3,851,322
Deferred financing charges					(1,219)					(1,218)	0	0
Change in other, net					596					0	(270)	(693)
Net cash provided by (used for) financing activities	(20,394)				358,160					114,396	774,180	3,900,778
Effect of exchange rate changes on cash										0	0	0
Net increase (decrease) in cash and cash equivalents										0	0	0
Cash and cash equivalents at beginning of period	$ 0				$ 0				$ 0	0	0	0
Cash and cash equivalents at end of period		$ 0				$ 0				$ 0	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies (Narrative) (Detail) - Entity [Domain] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Impairment		$ 10,684
Other than temporary impairment for available for sale securities	$ 0	0	$ 4,600
Advertising expenses	103,000	$ 133,700	$ 113,400
International Outdoor Advertising [Member]
Impairment	$ 10,700
Minimum [Member]
Percentage of ownership	20.00%
Minimum [Member] | Building and Improvements [Member]
Useful life	10 years
Minimum [Member] | Structures [Member]
Useful life	5 years
Minimum [Member] | Towers, Transmitters and Studio Equipment [Member]
Useful life	7 years
Minimum [Member] | Furniture and other equipment [Member]
Useful life	3 years
Maximum [Member]
Percentage of ownership	50.00%
Maximum [Member] | Building and Improvements [Member]
Useful life	39 years
Maximum [Member] | Structures [Member]
Useful life	15 years
Maximum [Member] | Towers, Transmitters and Studio Equipment [Member]
Useful life	20 years
Maximum [Member] | Furniture and other equipment [Member]
Useful life	20 years

Barter and Trade Revenues and E

Barter and Trade Revenues and Expenses from Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Barter and trade revenues	$ 30	$ 13.6	$ 69.4	$ 66	$ 56.5
Barter and trade expenses	$ 28.1	$ 13.5	$ 68.1	$ 58.5	$ 58.8

Investments (Narrative) (Detail

Investments (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jul. 18, 2014	Feb. 18, 2014
Sale of Equity Method Investment [Abstract]
Other than temporary impairment for equity method investments				$ 11,146	$ (76)
Australian Radio Network [Member]
Sale of Equity Method Investment [Abstract]
Percentage of ownership				50.00%
Equity Method Ownership Percentage Disposal							50.00%
Other than temporary impairment for equity method investments			$ 95,400
Equity Method Investment, Realized Gain (Loss) on Disposal		$ (2,400)
Australian Radio Network [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Sale of Equity Method Investment [Abstract]
Foreign exchange losses		$ 11,500
Buspak [Member]
Sale of Equity Method Investment [Abstract]
Percentage of ownership				50.00%
Equity Method Ownership Percentage Disposal						50.00%
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 4,500

Investments (Schedule Of Invest

Investments (Schedule Of Investment In Nonconsolidated affiliates) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Investment, beginning balance	$ 9,493				$ 238,805				$ 370,912	$ 238,805	$ 370,912
Cash advances (repayments)										3,452	3,051
Acquisitions of investments, net										1,811	1,354
Equity in earnings (loss)	331	$ (29)	$ 3,955	$ (16)	(13,326)	$ (91,291)	$ 3,983	$ 5,971	3,641	(9,416)	(77,696)	$ 18,557
Foreign currency transaction adjustment										1,526	(37,064)
Distributions received										(1,228)	(21,676)
Proceeds on sale										(236,603)
Other										11,146	(76)
Investment, ending balance		9,493				238,805				9,493	238,805	370,912
ARN [Member]
Investment, beginning balance	0				220,750				353,062	220,750	353,062
Cash advances (repayments)										0	0
Acquisitions of investments, net										0	0
Equity in earnings (loss)										(12,678)	(75,318)
Foreign currency transaction adjustment										1,449	(37,068)
Distributions received										(228)	(19,926)
Proceeds on sale										(220,783)
Other										11,490	0
Investment, ending balance		0				220,750				0	220,750	353,062
All Others [Member]
Investment, beginning balance	$ 9,493				$ 18,055				$ 17,850	18,055	17,850
Cash advances (repayments)										3,452	3,051
Acquisitions of investments, net										1,811	1,354
Equity in earnings (loss)										3,262	(2,378)
Foreign currency transaction adjustment										77	4
Distributions received										(1,000)	(1,750)
Proceeds on sale										(15,820)
Other										(344)	(76)
Investment, ending balance		$ 9,493				$ 18,055				$ 9,493	$ 18,055	$ 17,850

Asset Retirement Obligation (Na

Asset Retirement Obligation (Narrative) (Detail)	12 Months Ended
	Dec. 31, 2014
Asset Retirement Obligation [Line Items]
Asset Retirement Obligations Description	Due to the high rate of lease renewals over a long period of time, the calculation assumes that all related assets will be removed at some period over the next 50 years.

Asset Retirement Obligation (Sc

Asset Retirement Obligation (Schedule Of ARO Activity) (Detail) - Asset Retirement Obligation Costs [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Beginning balance	$ 59,380	$ 56,849
Adjustment due to changes in estimates	(5,391)	806
Accretion of liability	7,858	5,106
Liabilities settled	(5,802)	(3,323)
Foreign Currency	(1,834)	(58)
Ending balance	$ 54,211	$ 59,380

Long-Term Debt (Sr Secured Cred

Long-Term Debt (Sr Secured Credit Facilities) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2013
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 12,575,294	$ 12,711,544	$ 12,818,693
Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	7,231,222		8,225,754
Senior Secured Credit Facilities [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 916,061		1,890,978
Maturity date	Jan. 29, 2016
Senior Secured Credit Facilities [Member] | Term Loan C [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 15,161		34,776
Maturity date	Jan. 29, 2016
Senior Secured Credit Facilities [Member] | Term Loan D [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 5,000,000		5,000,000
Maturity date	Jan. 30, 2019
Senior Secured Credit Facilities [Member] | Term Loan E [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 1,300,000		$ 1,300,000
Maturity date	Jul. 30, 2019

Long-Term Debt (Priority Guaran

Long-Term Debt (Priority Guarantee) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2013
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 12,575,294	$ 12,711,544	$ 12,818,693
Priority Guarantee Notes [Member]
Debt Instrument [Line Items]
Total Consolidated Secured Debt	$ 5,324,815		4,324,815
Priority Guarantee Notes [Member] | 9% Notes Due 2019 [Member]
Debt Instrument [Line Items]
Maturity date	Dec. 15, 2019
Stated interest rate	9.00%
Debt Instrument, Interest Rate Terms	Payable semi-annually in arrears on June 15 and December 15 of each year
Total Consolidated Secured Debt	$ 1,999,815		1,999,815
Priority Guarantee Notes [Member] | 9% Notes Due 2021 [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 1, 2021
Stated interest rate	9.00%
Debt Instrument, Interest Rate Terms	Payable semi-annually in arrears on March 1 and September 1 of each year
Total Consolidated Secured Debt	$ 1,750,000		1,750,000
Priority Guarantee Notes [Member] | 11.25% Notes Due 2021 [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 1, 2021
Stated interest rate	11.25%
Debt Instrument, Interest Rate Terms	Payable semi-annually on March 1 and September 1 of each year
Total Consolidated Secured Debt	$ 575,000		$ 575,000
Priority Guarantee Notes [Member] | 9% Notes Due 2022 [Member]
Debt Instrument [Line Items]
Maturity date	Sep. 15, 2022
Stated interest rate	9.00%
Debt Instrument, Interest Rate Terms	Payable semi-annually in arrears on March 15 and September 15 of each year
Total Consolidated Secured Debt	$ 1,000,000

Long-Term Debt (iHeart Comm) (D

Long-Term Debt (iHeart Comm) (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Total senior notes	$ 20,486,039	$ 20,326,018	$ 20,484,213
Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Total senior notes	$ 730,000	$ 730,000
Debt Instrument Interest Rate Stated Percentage	10.00%	10.00%
iHeartCommunications Legacy Notes [Member]
Debt Instrument [Line Items]
Total senior notes		$ 667,900	1,436,455
iHeartCommunications Legacy Notes [Member] | 5.5% Senior Notes Due 2014 [Member]
Debt Instrument [Line Items]
Total senior notes			461,455
Debt Instrument Interest Rate Stated Percentage		5.50%
iHeartCommunications Legacy Notes [Member] | 4.9% Senior Notes Due 2015 [Member]
Debt Instrument [Line Items]
Total senior notes			250,000
Debt Instrument Interest Rate Stated Percentage		4.90%
iHeartCommunications Legacy Notes [Member] | 5.5% Senior Notes Due 2016 [Member]
Debt Instrument [Line Items]
Total senior notes		$ 192,900	250,000
Debt Instrument Interest Rate Stated Percentage		5.50%
iHeartCommunications Legacy Notes [Member] | Senior Notes Due 2018 [Member]
Debt Instrument [Line Items]
Total senior notes		$ 175,000	175,000
Debt Instrument Interest Rate Stated Percentage		6.875%
iHeartCommunications Legacy Notes [Member] | 7.25% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Total senior notes		$ 300,000	$ 300,000
Debt Instrument Interest Rate Stated Percentage		7.25%

Long-Term Debt (Subsidiary Seni

Long-Term Debt (Subsidiary Senior Notes) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2013
Debt Instrument [Line Items]
Total CCWH Notes	$ 20,326,018	$ 20,486,039	$ 20,484,213
Subsidiary Senior Notes [Member]
Debt Instrument [Line Items]
Total CCWH Notes	$ 4,925,000		4,925,000
Subsidiary Senior Notes [Member] | CCWH Senior A Notes Due 2022 [Member]
Debt Instrument [Line Items]
Maturity date	Nov. 15, 2022
Stated interest rate	6.50%
Total CCWH Notes	$ 735,750		735,750
Subsidiary Senior Notes [Member] | CCWH Senior B Notes Due 2022 [Member]
Debt Instrument [Line Items]
Maturity date	Nov. 15, 2022
Stated interest rate	6.50%
Total CCWH Notes	$ 1,989,250		1,989,250
Subsidiary Senior Notes [Member] | CCWH Senior A Subordinated Notes Due 2020 [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 15, 2020
Stated interest rate	7.625%
Total CCWH Notes	$ 275,000		275,000
Subsidiary Senior Notes [Member] | CCWH Senior B Subordinated Notes Due 2020 [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 15, 2020
Stated interest rate	7.625%
Total CCWH Notes	$ 1,925,000		$ 1,925,000

Long-Term Debt (Schedule of Deb

Long-Term Debt (Schedule of Debt Maturities) (Detail) $ in Thousands	Dec. 31, 2014USD ($)
Debt Maturities [Abstract]
2,015	$ 3,604
2,016	1,126,920
2,017	8,208
2,018	909,272
2,019	8,300,043
Thereafter	10,212,868
Total	$ 20,560,915

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Available For Sale Securities) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Fair Value Option Qualitative Disclosures Related To Election [Line Items]
Cost	$ 16,638	$ 8,442
Gross unrealized losses	0	0
Gross Unrealized Gains	1,609	1,283
Fair value	18,247	9,725
Available-for-sale Securities [Member]
Fair Value Option Qualitative Disclosures Related To Election [Line Items]
Cost	369	659
Gross unrealized losses	0	0
Gross Unrealized Gains	1,609	1,283
Fair value	1,978	1,942
Cost-method Investments [Member]
Fair Value Option Qualitative Disclosures Related To Election [Line Items]
Cost	16,269	7,783
Gross unrealized losses	0	0
Gross Unrealized Gains	0	0
Fair value	$ 16,269	$ 7,783

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Proceeds from sale of other investments	$ 579				$ 220,961					$ 236,618	$ 135,571	$ 0
Income tax expense	$ 56,605	$ (33,654)	$ 24,376	$ (621)	$ 68,388	$ 36,833	$ (73,802)	$ 11,477	$ (96,325)	58,489	(121,817)	(308,279)
Reduction of "Other comprehensive income (loss)"										$ (3,317)	83,752	(2,045)
Other than temporary impairment of cost investments												$ 2,000
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale of marketable securities											130,900
Income tax expense											48,600
Reduction of "Other comprehensive income (loss)"											$ 82,300

Commitments And Contingencies72

Commitments And Contingencies (Schedule Of Future Commitments) (Detail) $ in Thousands	Dec. 31, 2014USD ($)
Non Cancellable Operating Leases [Member]
Non-Cancelable Contracts [Abstract]
2,015	$ 435,118
2,016	347,487
2,017	302,876
2,018	269,697
2,019	243,096
Thereafter	1,325,171
Total	2,923,445
Non Cancelable Contracts [Member]
Non-Cancelable Contracts [Abstract]
2,015	593,123
2,016	437,022
2,017	262,368
2,018	240,128
2,019	171,562
Thereafter	336,120
Total	2,040,323
Capital Expenditure Commitments [Member]
Non-Cancelable Contracts [Abstract]
2,015	55,968
2,016	70,385
2,017	67,053
2,018	922
2,019	757
Thereafter	14,402
Total	209,487
Employment / Talent Contracts [Member]
Non-Cancelable Contracts [Abstract]
2,015	80,442
2,016	75,760
2,017	31,673
2,018	11,069
Total	$ 198,944

Guarantees (Narrative) (Detail)

Guarantees (Narrative) (Detail) - USD ($) $ in Millions	Mar. 31, 2015	Dec. 31, 2014
Surety Bond [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	$ 45.9	$ 47.7
Commercial standby letters of credit [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	115.5	113.9
Bank Guarantees [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	49.5	55.1
Bank Guarantees Collaterized [Member]
Guarantee Obligations [Line Items]
Gurantees Obligations	$ 12.4	$ 15.2

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Liabilities And Assets) (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Deferred tax liabilities:
Intangibles and fixed assets	$ 2,335,584	$ 2,402,168
Long-term debt	119,887	183,615
Investments in nonconsolidated affiliates	1,121	0
Other investments	5,575	6,759
Other	8,857	6,655
Total deferred tax liabilities	2,471,024	2,599,197
Deferred tax assets:
Accrued expenses	111,884	106,651
Investments in nonconsolidated affiliates	0	1,824
Net operating loss carryforwards	1,445,340	1,287,239
Bad debt reserves	9,346	9,726
Other	34,017	35,527
Total gross deferred tax assets	1,600,587	1,440,967
Less: Valuation allowance	655,658	327,623
Total deferred tax assets	944,929	1,113,344
Net deferred tax liabilities	$ 1,526,095	$ 1,485,853

Income Taxes (Schedule Of Compu

Income Taxes (Schedule Of Computation From Income Tax At Federal Rate To Income Tax Benefit (Expense) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Income Tax Rates [Abstract]
Income tax benefit at statutory rates										$ 246,284	$ 246,867	$ 251,814
State income taxes, net of federal tax effects										26,518	32,768	6,218
Foreign income taxes										11,074	(22,640)	8,782
Nondeductible items										(5,533)	(4,870)	(4,617)
Changes in valuation allowance and other estimates										(333,641)	(135,161)	50,697
Other, net										(3,191)	4,853	(4,615)
Income tax benefit (expense)	$ (56,605)	$ 33,654	$ (24,376)	$ 621	$ (68,388)	$ (36,833)	$ 73,802	$ (11,477)	$ 96,325	$ (58,489)	$ 121,817	$ 308,279
Reconciliation of Income Tax Rates Percentages [Abstract]
Income tax benefit at statutory rates										35.00%	35.00%	35.00%
State income taxes, net of federal tax effects										4.00%	4.00%	1.00%
Foreign income taxes										2.00%	(3.00%)	2.00%
Nondeductible items										(1.00%)	(1.00%)	(1.00%)
Changes in valuation allowance and other estimates										(47.00%)	(19.00%)	7.00%
Other, net										(1.00%)	1.00%	(1.00%)
Income tax benefit (expense)	(1720.00%)				(1880.00%)					(8.00%)	17.00%	43.00%

Income Taxes (Schedule Of Unrec

Income Taxes (Schedule Of Unrecognized Tax Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Balance at beginning of period	$ 129,375	$ 138,437
Increases for tax position taken in the current year	13,848	12,004
Increases for tax positions taken in previous years	6,003	13,163
Decreases for tax position taken in previous years	(9,764)	(21,928)
Decreases due to settlements with tax authorities	(8,181)	(1,113)
Decreases due to lapse of statute of limitations	(24,367)	(11,188)
Balance at end of period	$ 106,914	$ 129,375

Member's Interest (Schedule Of

Member's Interest (Schedule Of Assumptions Used In Fair Value Calculation) (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
iHM [Member] | Minimum [Member]
Stockholders Equity Note [Line Items]
Expected volatility, minimum			71.00%
Expected life in years			6 years 3 months 18 days
Risk-free interest rate, minimum			0.97%
Dividend yield			0.00%
iHM [Member] | Maximum [Member]
Stockholders Equity Note [Line Items]
Expected volatility, maximum			77.00%
Expected life in years			6 years 6 months
Risk-free interest rate, maximum			1.55%
Dividend yield			0.00%
CCOH [Member] | Minimum [Member]
Stockholders Equity Note [Line Items]
Expected volatility, minimum	54.00%	55.00%	54.00%
Expected life in years	6 years 3 months 18 days	6 years 3 months 18 days	6 years 3 months 18 days
Risk-free interest rate, minimum	1.73%	1.05%	0.92%
Dividend yield	0.00%	0.00%	0.00%
CCOH [Member] | Maximum [Member]
Stockholders Equity Note [Line Items]
Expected volatility, maximum	56.00%	56.00%	56.00%
Expected life in years	6 years 3 months 18 days	6 years 3 months 18 days	6 years 3 months 18 days
Risk-free interest rate, maximum	2.08%	2.19%	1.48%

Member's Interest (Schedule O78

Member's Interest (Schedule Of Stock Options Outstanding) (Detail) - Dec. 31, 2014 - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Total
iHM [Member]
Outstanding, Options	2,509
Granted	0
Exercised	0
Forfeited	(125)
Expired	(83)
Outstanding, Options	2,301
Exercisable	1,480
Expected to vest	797
Outstanding, Price	$ 33.11
Granted	0
Exercised	0
Forfeited	36
Expired	36
Outstanding, Price	32.85
Exercisable	31.95
Expected to vest	$ 35.20
Outstanding, Weighted Average Remaining Contractual Term	4 years 3 months 18 days
Exercisable	4 years
Expected to vest	4 years 8 months 12 days
CCOH [Member]
Outstanding, Options	6,909
Granted	627
Exercised	(459)
Forfeited	(628)
Expired	(424)
Outstanding, Options	6,025
Exercisable	4,471
Expected to vest	1,487
Outstanding, Price	$ 9.60
Granted	8.64
Exercised	5.23
Forfeited	8.11
Expired	10.58
Outstanding, Price	9.92
Exercisable	10.56
Expected to vest	$ 8.08
Outstanding, Weighted Average Remaining Contractual Term	5 years 1 month 6 days
Outstanding, Aggregate intrinsic value	$ 13,956
Exercisable	4 years 1 month 6 days
Exercisable, Aggreate intrinsic value	$ 10,065
Expected to vest	7 years 9 months 18 days
Expected to vest, Aggreate intrinsic value	$ 3,729

Member's Interest (Narrative) (

Member's Interest (Narrative) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Nov. 19, 2012	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted				$ 0	$ 0	$ 2.68
Shares vested that are subject to performance conditions that have not yet been determined probable to meet				600
Total share based compensation expense		$ 2,524	$ 3,036	$ 10,713	$ 16,715	$ 28,540
Tax benefit related to the share-based compensation expense				4,100	6,300	10,800
Unrecognized compensation cost, net of estimated forfeitures, related to unvested share-based compensation arrangements that will vest based on service conditions				22,400
Options granted vest based on market conditions				24,700
2008 Executive Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued in connection with the tax assistance program	1,500
Stock options granted under the Clear Channel 2008 Executive Incentive Plan	2,000
Replacement stock options	1,800
Incremental compensation expense	$ 1,700
Stock options repurchased	900
Restricted stock awards forfeited	600
Compensation expense recognized related to tax assistance program	$ 2,600
iHM [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options vested				300	6,300	3,900
Total share based compensation expense				$ 0	$ 0	$ 0
Restricted stock awards forfeited				125
CCOH [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted				$ 4.69	$ 4.10	$ 4.43
Fair value of options vested				$ 6,100	$ 7,100	$ 11,500
Cash received for options exercised				2,400	4,200	6,400
Total instrinsic value of the options exercised				$ 1,500	$ 5,000	$ 7,900
Restricted stock awards forfeited				628

Member's Interest (Schedule O80

Member's Interest (Schedule Of Unvested Options) (Detail) - 12 months ended Dec. 31, 2014 - $ / shares shares in Thousands	Total
iHM [Member]
Unvested, Options	1,086
Granted	0
Vested	(140)
Forfeited	(125)
Unvested, Options	821
Unvested, Weighted Average Grant Date Fair Value	$ 10.74
Granted	0
Vested	2.32
Forfeited	2.16
Unvested, Weighted Average Grant Date Fair Value	$ 13.61
CCOH [Member]
Unvested, Options	2,645
Granted	627
Vested	(1,091)
Forfeited	(628)
Unvested, Options	1,553
Unvested, Weighted Average Grant Date Fair Value	$ 5.21
Granted	4.69
Vested	5.59
Forfeited	4.74
Unvested, Weighted Average Grant Date Fair Value	$ 4.92

Member's Interest (Schedule O81

Member's Interest (Schedule Of Restricted Stock Awards) (Detail) - 12 months ended Dec. 31, 2014 - Entity [Domain] - $ / shares shares in Thousands	Total
CCMH Restricted Stock [Member]
Outstanding, Options	3,919
Granted	1,826
Vested (restriction lapsed)	(506)
Forfeited	(710)
Outstanding, Options	4,529
Outstanding, Price	$ 3.35
Granted	7.86
Vested (restriction lapsed)	3.14
Forfeited	8.85
Outstanding, Price	$ 5.02
CCOH Restricted Stock [Member]
Outstanding, Options	1,892
Granted	1,040
Vested (restriction lapsed)	(64)
Forfeited	(410)
Outstanding, Options	2,458
Outstanding, Price	$ 6.83
Granted	8.88
Vested (restriction lapsed)	6.86
Forfeited	7.76
Outstanding, Price	$ 7.54

Employee Stock And Savings (Nar

Employee Stock And Savings (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Deferred Compensation Arrangement With Individual Postretirement Benefits [Line Items]
Contribution	$ 27.6	$ 26.6	$ 29.5
Deferred compensation plan assets	11.6	11.8
Deferred compensation plan liabilities	$ 11.6	$ 11.8
Maximum percentage of salary deferral	50.00%
Maximum deferral bonus afftert Tax	80.00%

Other Information (Schedule O83

Other Information (Schedule Of Other Income (Expense) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Information [Abstract]
Foreign exchange gain (loss)										$ 15,554	$ 1,772	$ (3,018)
Debt modification expenses										0	(23,555)	0
Other										(6,450)	(197)	3,268
Total other income (expense), net	$ 19,891	$ (7,211)	$ 2,617	$ 12,157	$ 1,541	$ (4,591)	$ 1,709	$ (18,098)	$ (1,000)	$ 9,104	$ (21,980)	$ 250

Other Information (Schedule O84

Other Information (Schedule Of Accumulated Other Comprehensive Loss - Deferred Tax Liabilities) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fair Value Measurements [Abstract]
Foreign currency translation adjustments and other	$ (600)	$ 8,200	$ 2,559	$ (14,421)	$ 3,210
Unrealized holding gain on marketable securities			0	(11,010)	15,324
Unrealized holding gain (loss) on cash flow derivatives			0	28,759	30,074
Total increase in deferred tax liabilities			$ 2,559	$ 3,328	$ 48,608

Other Information (Schedule O85

Other Information (Schedule Of Other Current Assets) (Detail) - Entity [Domain] - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Information [Abstract]
Inventory		$ 23,777	$ 26,872
Deferred tax asset		37,793	51,967
Deposits		4,466	5,126
Deferred loan costs		32,602	30,165
Other		37,661	47,027
Total other current assets	$ 141,624	$ 136,299	$ 161,157

Other Information (Schedule O86

Other Information (Schedule Of Other Assets) (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Investments in, and advances to, nonconsolidated affiliates	$ 9,493	$ 238,805
Other investments	18,247	9,725
Notes receivable	242	302
Prepaid expenses	16,082	24,231
Deferred loan costs	130,267	143,763
Deposits	27,822	26,200
Prepaid rent	56,430	62,864
Non-qualified plan assets	11,568	11,844
Other	18,914	15,722
Total other assets	$ 289,065	$ 533,456

Other Information (Schedule O87

Other Information (Schedule Of Other Long-Term Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Other Information [Abstract]
Unrecognized tax benefits	$ 110,410	$ 131,015
Asset retirement obligation	53,936	59,125
Non-qualified plan liabilities	11,568	11,844
Deferred income	23,734	16,247
Deferred rent	125,530	120,092
Employee related liabilities	39,963	31,617
Other	89,722	92,080
Total other long-term liabilities	$ 454,863	$ 462,020

Other Information (Schedule O88

Other Information (Schedule Of Accumulated Other Comprehensive Loss) (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Information [Abstract]
Cumulative currency translation adjustment		$ (291,520)	$ (188,920)
Cumulative unrealized gain on securities		1,397	1,101
Cumulative other adjustments		(18,467)	(8,254)
Total accumulated other comprehensive loss	$ (386,609)	$ (308,590)	$ (196,073)

Segment Data (Narrative) (Detai

Segment Data (Narrative) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,344,564	$ 1,715,797	$ 1,630,034	$ 1,630,154	$ 1,342,548	$ 1,694,367	$ 1,587,522	$ 1,618,097	$ 1,343,058	$ 6,318,533	$ 6,243,044	$ 6,246,884
US Operations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue										4,500,000	4,500,000	4,500,000
Identifiable long-lived assets		2,000,000				2,100,000				2,000,000	2,100,000	2,200,000
Foreign Operations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue										1,800,000	1,700,000	1,700,000
Identifiable long-lived assets		$ 682,700				$ 760,500				$ 682,700	$ 760,500	$ 805,200

Quarterly Results of Operatio90

Quarterly Results of Operations (Unaudited) (Schedule Of CY Quarterly Profit And Loss) (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenue	$ 1,344,564	$ 1,715,797	$ 1,630,034	$ 1,630,154	$ 1,342,548	$ 1,694,367	$ 1,587,522	$ 1,618,097	$ 1,343,058	$ 6,318,533	$ 6,243,044	$ 6,246,884
Operating Expenses [Abstract]
Direct operating expenses	578,519	649,983	648,409	644,870	597,688	678,769	651,413	635,528	599,310	2,540,950	2,565,020	2,504,529
Selling, general and administrative expenses	416,188	419,800	427,259	418,928	414,636	420,012	408,684	408,399	401,833	1,680,623	1,638,928	1,660,289
Corporate expenses	77,288	87,227	78,202	82,197	72,705	67,812	89,574	75,328	80,800	320,331	313,514	293,207
Depreciation and amortization	170,453	186,100	175,865	174,062	174,871	191,582	177,330	179,734	182,182	710,898	730,828	729,285
Impairment charges		19,239	35	4,902	0	16,970	0	0	0	24,176	16,970	37,651
Other operating income, net	(8,974)	(5,678)	47,172	(1,628)	165	13,304	6,186	1,113	2,395	40,031	22,998	48,127
Operating income	93,142	347,770	347,436	303,567	82,813	332,526	266,707	320,221	81,328	1,081,586	1,000,782	1,070,050
Interest expense	441,771	437,261	432,616	440,605	431,114	418,014	438,404	407,508	385,525	1,741,596	1,649,451	1,549,023
Gain (loss) on marketable securities	579	0	0	0	0	(50)	31	130,898	0	0	130,879	(4,580)
Equity in earnings (loss) of nonconsolidated affiliates	331	(29)	3,955	(16)	(13,326)	(91,291)	3,983	5,971	3,641	(9,416)	(77,696)	18,557
Gain (loss) on extinguishment of debt	(2,201)	12,912	(4,840)	(47,503)	(3,916)	(83,980)	0	0	(3,888)	(43,347)	(87,868)	(254,723)
Other income (expense), net	19,891	(7,211)	2,617	12,157	1,541	(4,591)	1,709	(18,098)	(1,000)	9,104	(21,980)	250
Income (loss) before income taxes	(330,029)	(83,819)	(83,448)	(172,400)	(364,002)	(265,400)	(165,974)	31,484	(305,444)	(703,669)	(705,334)	(719,469)
Income tax benefit (expense)	(56,605)	33,654	(24,376)	621	(68,388)	(36,833)	73,802	(11,477)	96,325	(58,489)	121,817	308,279
Consolidated net income (loss)	(386,634)	(50,165)	(107,824)	(171,779)	(432,390)	(302,233)	(92,172)	20,007	(209,119)	(762,158)	(583,517)	(411,190)
Less amount attributable to noncontrolling interest	(1,668)	17,923	7,028	14,852	(8,200)	6,994	9,683	12,805	(6,116)	31,603	23,366	13,289
Net income (loss) attributable to the Company	$ (384,966)	$ (68,088)	$ (114,852)	$ (186,631)	$ (424,190)	$ (309,227)	$ (101,855)	$ 7,202	$ (203,003)	$ (793,761)	$ (606,883)	$ (424,479)

Schedule II Valuation and Qua91

Schedule II Valuation and Qualifying Accounts - Allowance for Doubtful Accounts (Detail) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of period		$ 48,401	$ 55,917	$ 63,098
Charges to Costs, Expenses and Other		14,167	20,242	11,715
Write-off of Accounts Receivable		20,368	28,492	14,082
Other	[1]	(2,502)	734	(4,814)
Balance at End of period		$ 39,698	$ 48,401	$ 55,917
[1]	Primarily foreign currency adjustments and acquisition and/or divestiture activity.

Schedule II Valuation and Qua92

Schedule II Valuation and Qualifying Accounts - Deferred Tax Asset Valuation Allowance (Detail) - Deferred Tax Asset Valuation Allowance [Member] - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of period		$ 327,623	$ 183,686	$ 193,052
Charges to Costs, Expenses and Other	[1]	356,583	149,107	14,309
Reversal	[2]	(230)	(5)	(21,727)
Adjustments	[3]	(28,318)	(5,165)	(1,948)
Balance at End of period		$ 655,658	$ 327,623	$ 183,686
[1]	During 2012, 2013 and 2014, the Company recorded valuation allowances on deferred tax assets attributable to net operating losses in certain foreign jurisdictions. In addition, during 2013 and 2014 the Company recorded a valuation allowance of $143.5 million and $339.8 million, respectively, on a portion of its deferred tax assets attributable to federal and state net operating loss carryforwards due to the uncertainty of the ability to utilize those losses in future periods.
[2]	During 2012, 2013 and 2014, the Company realized the tax benefits associated with certain foreign deferred tax assets, primarily related to foreign loss carryforwards, on which a valuation allowance was previously recorded. The associated valuation allowance was reversed in the period in which, based on the weight of available evidence, it is more-likely-than-not that the deferred tax asset will be realized.
[3]	During 2012, 2013 and 2014, the Company adjusted certain valuation allowances as a result of changes in tax rates in certain jurisdictions and as a result of the expiration of carryforward periods for net operating loss carryforwards.

Schedule II Valuation and Qua93

Schedule II Valuation and Qualifying Accounts - Deferred Tax Asset Valuation Allowance (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Valuation and Qualifying Accounts Disclosure [Line Items]
Valuation Allowance Recorded	$ 339.8	$ 143.5
Deferred Tax Asset Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Valuation Allowance Recorded	$ 339.8	$ 143.5