IHeartMedia shares hit 2-year high on report of Netflix licensing talks
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Shares of iHeartMedia hit their highest in more than two years on Tuesday after Bloomberg News reported that Netflix was in talks to license video podcasts distributed by the radio and podcasting firm. The 22 per cent leap in the company's stock put the company on track for its best day in more than two months if current levels hold through the session. The sharp rally underscores investor optimism that a tie-up with streaming giant Netflix could mark a turning point for iHeart's fortunes, by
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