An update Liberty wants a controlling stake in Iheart Media.
It's confusing because 35% is not a controlling stake. The creditors will have the controlling stake. But they want to turn that equity into cash, and the way to do it is to sell that equity to operators. So they will begin their negotiations with the creditors. This will be a long slow process.
Here's another article with a link to the New York Post article:
https://www.allaccess.com/net-news/...berty-media-eyeing-a-piece-of-post-bankruptcy