Bankrupt iHeartMedia Owes Musicians Millions
Included in the mountains of documents filed in preparation for last night's iHeartMedia bankruptcy were lists of unpaid bills. Alongside $20 billion in debts to bondholders were performing rights organizations,. Continue reading
iHeartMedia Files Chapter 11 Bankruptcy
iHeartMedia has filed a Chapter 11 Bankruptcy plan that includes reduction of its $20.8 billion debt by $10 billion. The expected filing, which comes after months of haggling with creditors,. Continue reading
iHeartMedia Bankruptcy Talks Extended Yet Again
A new forbearance filed with the SEC on Wednesday morning gives iHeartMedia yet another day to come to terms with its $20 billion in creditors. Today marks the sixth extinction. Continue reading
iHeartMedia Bankruptcy Talks Extend To Midnight Tonight
[TUESDAY 3.13.18 8AM ET] The bankruptcy and reorganization of iHeartMedia has been postponed for another 24 hours, according to an SEC filing overnight. Creditors have agreed to a forbearance agreement. Continue reading
iHeartMedia Bankruptcy Delayed To Today For Awards Show
iHeartMedia's likely bankruptcy was reportedly pushed to later today to avoid distracting from the company's signature iHeart Radio Awards show, which was televised live on Sunday night. The delay also. Continue reading
Liberty, SiriusXM Offer iHeart $1.16B Cash Infusion
Liberty Media has signed a deal memo to infuse $1.158 billion into iHeartMedia. iHeart, which owns 850 AM and FM radio stations, has struggled under the burden of $20 billion. Continue reading
