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News: Radio

iHeartMedia, 855 Radio Stations Go Bankrupt At 11:59 PM CST Wednesday

March 8, 2018

UPDATE 2- The court gave iHeartMedia, its 855 radio stations and creditors until 11:59 PM Central time, Wed. March 7th to agree to a reorganization that would reduce its debt by $15 billion, according to papers filed Monday. As of 8PM CT, no settlement had been announced. The clock is ticking... A proposal filed with the Securities ...

News: Radio

iHeartMedia Stock Tanks After $248M Quarterly Loss and 'Substantial Doubts' About Survival [UPDATED]

November 11, 2017

iHeartMedia Inc., the largest operator of commercial radio stations in the US, once again disclosed that it has “going concern" about its viability as a company going forward. In its most recent financial filing with the SEC, iHeartMedia warned investors that it was in dire financial straits and noted that “there is substantial doubt as to ...

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