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Iheart Media Bankruptcy?

inorm99 said:
In addition to Cumulus, IHEART has a looming Bankruptcy.
Anything new about this?
Click to expand...

You could google it. The easy answer to your question is not really. They keep making offers, and the lenders keep saying no. Nothing is really due until next year. They're still making regular payments on principle plus interest. At some point, they just file Chap 11, and some lenders get equity, the rest get nothing. Just like Cumulus. Nothing really changes as far as the stations or regular operations. Then they will do an IPO maybe in a few years, and go back to square 1.
 
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