Sep 13, 2023 / 01:40PM GMT
Jessica Jean Reif Ehrlich Cohen - BofA Securities, Research Division - MD in Equity Research
Good morning. So welcome to iHeartMedia, Bob Pittman and Rich Bressler, thrilled to have you guys back.
Questions and Answers:
Jessica Jean Reif Ehrlich Cohen - BofA Securities, Research Division - MD in Equity ResearchSo let's just kind of dig in. So even if this recession that we've all been hearing about and everyone's forecasting does not materialize. Advertising has been in a recession for at least the past year, if not a little bit longer. How do you define what you're seeing in the current environment? And are you seeing signs of a turnaround?
Robert W. Pittman - iHeartMedia, Inc. - Chairman & CEO
Well, I think we called -- if you look in the last earnings call, we said we do think it's getting sequentially better through the year. I think most people who have called the recovery are -- you look at the percentage, chances of a recession have suddenly been going down instead of up. We see that same. I think we
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