Music star Drake and iHeartMedia have reached a settlement after Drake accused the media giant of accepting payola to boost the popularity of Kendrick Lamar’s “Not Like Us” in a pre-action filing. On Monday (March 3),

Analyst reiterated Underweight rating on iHeartMedia Inc, citing weaker-than-expected results, ongoing pressures in radio & ad market.

Guggenheim analyst Curry Baker lowered the firm’s price target on iHeartMedia (IHRT) to $4.50 from $5 and keeps a Buy rating on the shares

Texas-based iHeartMedia says it settled its legal dispute with Drake over Kendrick Lamar’s diss track “Not Like Us” after demonstrating that it “did nothing wrong.”

The FCC is probing iHeartMedia over alleged payola violations, questioning if artists are pressured to perform for free for airplay.

At the center was a legal petition Drake filed in November. Information from the document allege illegal payments iHeartMedia received from Universal Music Group to boost radio ai

Drake has alleged UMG engaged in “irregular and inappropriate business practices” to get radio airplay for “Not Like Us.”

Toronto rapper Drake has officially withdrawn his petition against iHeartMedia after reaching a settlement with the media company. The move comes after iHeartMedia provided documents showing they had no involvement in an alleged pay-to-play scheme linked to Kendrick Lamar’s song Not Like Us.

Drake has reached a private deal with iHeartMedia while he probes allegations UMG engaged in a pay-to-play scheme with Kendrick Lamar's ‘Not Like Us’

Drake’s legal battles over the success of Kendrick Lamar’s acclaimed “Not Like Us” continues as he settles one dispute. According to the Associated Press, the 38-year-old and iHeartMedia have reached a settlement regarding a legal petition filed in November where the Canadian musician claimed the company boosted the diss record on the radio by taking illegal payments from Universal Media Group (UMG).

The collaboration aims to close the fire and CO safety education gap and help keep communities safe through local events.

"If we can make more money adding video to it we will," says CEO Bob Pittman, adding: "It's not terribly expensive, it's just 'what do you want to focus on'?"