MarketWatch: IHeartCommunications Inc. said today that it is skipping a $106 million interest payment on bonds as it continues to work with creditors on a restructuring of its massive debt load. The company, which operates the biggest network of radio stations in the U.S., said its board has elected not to make a $106 million interest payment on its 14 percent senior notes that mature in 2021 as it continues to hold talks with creditors. The company now has a 30-day grace period under the terms of its borrowing. IHeart owns 26 radio stations in Iowa, including WHO and seven others in Des Moines.