Libert Media Makes Offer For iHeart - Page 5
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Thread: Libert Media Makes Offer For iHeart

  1. #41
    https://www.cnbc.com/2018/03/15/ihea...ankruptcy.html

    >>The company, which filed for bankruptcy along with some of its units, said it reached the agreement with holders of more than $10 billion of its outstanding debt for a balance sheet restructuring, which would reduce its debt by more than $10 billion.

  2. #42
    Likely more than that before the process is done. The junior debt holders didn't accept the offered deal, but some of that debt will be reduced or eliminated through the bankruptcy case as well.

  3. #43

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  4. #44

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    https://www.hollywoodreporter.com/ne...tmedia-1122558

    Update on the Iheartmedia/ Liberty media talks.

  5. #45
    Quote Originally Posted by RadioPatrol View Post
    https://www.hollywoodreporter.com/ne...tmedia-1122558

    Update on the Iheartmedia/ Liberty media talks.
    Not really an update, but the same story in the Bloomberg article.

  6. #46

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    https://nypost.com/2018/07/05/iheart...-a-buyer-soon/

    Another Story on the rumored Iheart deal Silver Lake is named in the rumors.

    Interest in the country’s largest radio company is growing, The Post has learned.

    Private equity firm Silver Lake Partners has recently shown interest in buying the bankrupt iHeartMedia operation — challenging John Malone, according to two sources familiar with the situation.

    Silver Lake is in talks with iHeart creditors, the sources said, which are in line to take over control of the company once it emerges from Chapter 11.

    If Silver Lake were to make an offer for iHeart — and buy the San Antonio company — it may look to form a partnership between the owner of 103.5 WKTU in New York and 102.7 KIIS-FM in Los Angeles and arena venue manager Oak View Group.

    iHeart bought a stake earlier this year in Oak View, which manages the New York’s new Islanders arena and for a fee books events into Madison Square Garden, the Prudential Center and Los Angeles’ Forum.

    Silver Lake, too, owns a leading stake in the Ari Emanuel-run Endeavor, a leading talent and marketing agency, a combination of the former WME and IMG.

    iHeart, when it was known as Clear Channel, bought arena manager SFX Entertainment in 2000 for $4.4 billion. Clear Channel spun out SFX, which changed its name to Live Nation, in 2005.

    While it owned SFX, Clear Channel would promote acts that were appearing at SFX- managed arenas.

  7. #47

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    https://www.nasdaq.com/article/john-...20180710-01192

    Another take on the Iheart talks.

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