IHeartMedia files for bankruptcy, reaches restructuring agreement in principle
BPC Staff Mar 15, 2018 | 3:52 pm
<1 min read time
58 wordsAll Latest News, Arts and Culture, Statewide NewsWall 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.