IHeart Bankruptcy: What Now for Clear Channel Outdoor? (OOHToday)
Billboard giant Clear Channel’s owner, IHeart Media (primarily a radio operator) has filed for Chapter 11 bankruptcy, blaming the monster debt load of over $20 BILLION incurred in a private equity buyout around the time of the financial crisis of 2007. It seems most of Clear Channel has been gasping for air over the last 10 years, as part of the drowning debt. […]
Sun, Mar 18, 2018 at 8:38 PM