iHeartMedia on the ropes, relies on Clear Channel Outdoor’s revenue stream to stay alive (Salon)
Instead of paying its debt, iHeart, which owns about 90 percent of Clear Channel Outdoor's shares, forced its subsidiary to postpone the due date to May 15 of next year. iHeart spun off Clear Channel Outdoor as a publicly traded company in hopes of attracting investors who were wary of buying its own stock. […]
Sun, Feb 4, 2018 at 8:14 PM