WSJ: Clear Channel Outdoor’s Parent iHeart Faces Costly Reckoning on Debt 10 Years After Buyout
iHeart missed a $106 million interest payment, kicking off a 30-day countdown on a deal to restructure debt iHeartMedia Inc., the nation’s largest radio broadcaster, is likely to file for bankruptcy protection as early as March after a decade of ballooning debt and faltering growth, drawing the curtain on one of the biggest leveraged buyouts before the 2008 financial crisis. […]
Sun, Feb 4, 2018 at 11:52 PM