IHeartMedia files for bankruptcy, reaches restructuring agreement in principle

IHeartMedia files for bankruptcy, reaches restructuring agreement in principle

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

BPC Staff | Mar 15, 2018 | 3:52 pm |

<1 min read time

IHeartMedia Inc., the company behind the biggest U.S. radio broadcaster, filed for bankruptcy protection after reaching an agreement in principle with investors over a balance-sheet restructuring, a decade after a private-equity-led buyout left the company laden with billions in debt

Wall Street Journal: IHeartMedia Inc., the company behind the biggest U.S. radio broadcaster, filed for bankruptcy protection after reaching an agreement in principle with investors over a balance-sheet restructuring, a decade after a private-equity-led buyout left the company laden with billions in debt. IHeart owns 26 radio stations in Iowa, including WHO and seven others in Des Moines.

BPC Staff

Email the writer

Facebook Notice for EU! You need to login to view and post FB Comments!

Trending News

More News

Search