She will continue to serve in her current capacity until the effective date of her resignation to ensure a smooth transition of her responsibilities. iHeartMedia, headquartered in San Antonio, Texas, operates under the organization name 06 Technology and has been a significant entity in the radio broadcasting sector, with a history of name changes including CC Media Holdings Inc and BT (LON: BT ) Triple Crown Capital Holdings III, Inc. According to InvestingPro analysis, the company operates with a significant debt burden of $5.86 billion and maintains a weak overall financial health score. For investors seeking deeper insights, InvestingPro offers 10+ additional expert tips and comprehensive financial analysis for IHRT. The company has confirmed that the search for Fasbender's successor will commence shortly, aiming to maintain the strong leadership structure within iHeartMedia.