WSJ: IHeartMedia Default Fight Set to Go to Trial
The lenders argue in court documents that iHeart “gave away” the shares, which were part of the package securing their debt, when the company transferred them from its Clear Channel Outdoor subsidiary to an unrestricted subsidiary called Broader Media LLC and received nothing in return. The action violates the terms of their debt agreement with iHeart, the group says. […]
Wed, Apr 6, 2016 at 6:12 PM