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Thread: Iheartmedia

  1. #1

    Iheartmedia

    Does anyone think Iheart is getting bigger and bigger yesterday Iheart officially claimed the ownership of several stations in Erie, Pennsylvania

  2. #2

    Join Date
    Dec 2014
    Location
    Philly-ish
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    543
    Quote Originally Posted by CassChopper96 View Post
    Does anyone think Iheart is getting bigger and bigger yesterday Iheart officially claimed the ownership of several stations in Erie, Pennsylvania
    It was a swap deal. In exchange for the Erie stations, iHeart gave up a couple of the stations they had in the Aloha Trust in Maryland.

    iHeart seems more focused on their digital platform at the moment, and only seems to expand their radio station portfolio via swaps or if it would greatly benefit them.

  3. #3

    Join Date
    Dec 2016
    Location
    Philadelphia
    Posts
    781
    Are they out of the woods as it relates to bankruptcy? Seems like they've been bankrupt since their inception!
    But not a real green dress, that's cruel.

  4. #4
    Quote Originally Posted by Miguelito View Post
    Are they out of the woods as it relates to bankruptcy? Seems like they've been bankrupt since their inception!
    Here's the latest:

    https://radioink.com/2019/05/02/pitt...e-is-underway/

    What it means is the creditors now own the company. They won't be spending money to buy radio stations. They will be looking to unload dead weight in the various trusts around the country. That's what happened in Erie.

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