iheartmedia

[Photo by: @iHeartMedia/Twitter] iHeartMedia Inc., which happens to be the country's largest radio broadcaster with around 850 stations, is filing for bankruptcy, NPR reports. Read more: iHeartMedia reportedly preparing to file for bankruptcy As previously reported, the company was nearly $20 billion in debt because of its buyout in 2008, approximately $8.4 million of which is due in 2019. The company […]

[Photo by: @iHeartMedia/Twitter] iHeartMedia Inc. was given a 24-hour extension to land an agreement over the company's debt. Read more: iHeartMedia reportedly preparing to file for bankruptcy iHeartMedia filed a document with the Security and Exchange Commission on March 13, so that the company and its lenders have time to work out an agreement over the debt, Variety reports. According to […]

[Photo by: @iHeartMedia/Twitter] iHeartMedia Inc. is reportedly “circulating documents for a bankruptcy filing” that could come as soon as this weekend, as Bloomberg reports. Read more: Spotify ready to go public, file paperwork with SEC The news source reports that iHeartMedia senior creditors have been shown bankruptcy papers, though a “bankruptcy filing is all but certain.” However, they explain […]