Clear Channel Outdoor’s parent iHeartMedia faces bankruptcy: how iHeart got here (Hypebot)
The fall of iHeartMedia began a decade ago when private equity firms Bain Capital and Thomas H. Lee Partners bought what was then called Clear Channel and financed the $20 billion deal with loans equal to 9 times the company’s pre-tax cash flow. That's 50% higher than the 6X leverage limit set by the federal government in 2013. […]
Thu, Mar 8, 2018 at 9:42 PM