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iHeartMedia Files for Bankruptcy

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Radio, and media company, iHeartMedia has filed for bankruptcy. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀
The company’s CEO confirmed that so far they were able to settle about $10 Billion of its $20 Billion debt to investors. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀
iHeart has struggled financially since the 2008 buyout of billboard company Clear Channel Outdoor.

It is uncertain how this bankruptcy filing will affect the company and its employees. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Posted on March 16, 2018, in ENTERTAINMENT NEWS. Bookmark the permalink. Leave a comment.

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