Bob Pittman says deal is a ‘significant accomplishment’
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Category archives: iHeartMedia
iHeartRadio Faces Imminent Bankruptcy as Debt Pile Hits $20 Billion
As predicted, iHeartRadio is about to crash into a messy bankruptcy. Early last year, Digital Music News ran a controversial story. A group of iHeartRadio’s lenders had opposed a $20 billion debt overhaul. With the company adding nearly $35…
iHeartMedia’s John Mayer joins Caroline as Regional Promotion Director
Experienced radio exec will be based in Nashville
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iHeartMedia admits it could collapse this year under $20bn debt burden
“There is substantial doubt as to our ability to continue as a going concern”
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iHeartMedia Joins Forces With NPR
Today iHeartMedia announced that they have joined forces with NPR by signing an agreement. The agreement will allow its member stations to make their live News Talk programming available via iHeartRadio, iHeartMedia’s free all-in-one digital music and live streaming radio service. The agreement allows over 260 NPR Member stations to stream their live programming on iHeartRadio, which […]
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iHeartMedia Wins Legal Battle Against Creditors
iHeartMedia wins corporate lawsuit, after battling major debt… Massive radio conglomerate iHeartMedia has long been struggling to stay afloat after saddling itself with billions in debt. Though, today there has been a breakthrough in the case after they won their corporate lawsuit, according to The San Antonio Express News. Back in March, iHeartMedia was faced with a […]
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iHeartMedia Battles Angry Creditors as Bankruptcy Looms
Massive radio conglomerate iHeartMedia has long been struggling to stay afloat after saddling itself with billions in debt. Now, the company’s battles with creditors are intensifying as bankruptcy looms. Just this week, iHeartMedia was faced with a default notice from its senior creditors. The warning came after iHeartMedia decided to transfer 100,000,000 shares of Class B common […]
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