Thomas H. Lee Partners LP and Bain Capital LLC control iHeartMedia, which was formerly known as Clear Channel Communications Inc. Class A shares of the company, which trade over the counter, gained 34 cents, or 4.75%, to $7.50 on Thursday. Richard Bressler, chief financial officer of iHeartMedia, said in a statement that the company continually reviews its assets to "operate them in the most efficient way possible and invest our resources in the highest return opportunities."