Little Nostalgia For Radio Days As Creditors Tune Out iHeartMedia Debt Pitch
On the heels of Cumulus filing for bankruptcy this week, a bigger player in the storm-tossed radio sector, iHeartMedia, also could be headed to Chapter 11.
Struggling all year to refinance more than $15B in debt, iHeart, which is led by original MTV (and then AOL) exec Bob Pittman, its proposal to restructure that…
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