Author Topic: iHeart Radio in Trouble? (Read 3428 times)

Bill_in_Phoenix · « **on:** April 06, 2016, 01:05:33 pm »

Quote

iHeartMedia and Creditors Still at Odds Over Asset Shift. According to a report from Bloomberg, iHeartMedia and a number of its creditors have broken off talks to try to resolve the rancor over iHeartMedia’s shift of 100 million shares of Clear Channel Outdoor to a new subsidiary called Broader Media. Creditors including D. E. Shaw, Canyon Capital, Franklin Advisers and Franklin Mutual sued iHeartMedia over the move claiming that it violates the debt covenants. iHeartMedia argues that’s not the case and the move is designed to allow the company to deal more effectively with its $20 billion in debt. iHeartMedia told a Texas judge that if the creditors’ bond defaults are allowed to proceed, it would cause as much as $15 billion of the company’s debt to come due quickly and that would force the company into bankruptcy protection. The creditors argue that is not what they are trying to accomplish. iHeartMedia SVP and treasurer Brian Coleman says the company’s maneuvers are part of its Project Indigo, a long-term strategy designed to allow it to study ways to deal with its debt.

http://www.radioinfo.com/

Steve in HTown · « **Reply #1 on:** April 06, 2016, 01:20:46 pm »

but they have such a great and trendy name

wireman · « **Reply #2 on:** April 06, 2016, 01:30:03 pm »

well they just had a shitty awards show so, they must be flush w/cash

jeff in tucson · « **Reply #3 on:** April 06, 2016, 11:22:57 pm »

fvck I hope not. Listen to their 80s station all the time at werk

Dan in Toronto · « **Reply #4 on:** April 07, 2016, 07:52:10 am »

They claim to have international coverage but it's not even available up here. fvck them.

BNI · « **Reply #5 on:** April 07, 2016, 07:53:42 pm »

Quote from: Dan in Toronto on April 07, 2016, 07:52:10 am

They claim to have international coverage but it's not even available up here. fvck them.

Probably because nobody outside of canada gives two flying fvcking monkeys about canada.

spookyben · « **Reply #6 on:** April 08, 2016, 10:02:26 pm »

I use them to access non-network stations (e.g.WFAN) and it works much better than most of the station websites.

$20 billy in debt? wtf.

Dan in Toronto · « **Reply #7 on:** April 10, 2016, 02:06:33 pm »

Quote from: BNI on April 07, 2016, 07:53:42 pm

Probably because nobody outside of canada gives two flying fvcking monkeys about canada.

You best be showing up to the throwdown boy. I'm going to kick your teeth in. I'll probably apologize after but you'll be eating soft foods for a month. Did you really drive an ice cream truck?

Learjet89 · « **Reply #8 on:** April 10, 2016, 05:34:52 pm »

Quote from: Dan in Toronto on April 07, 2016, 07:52:10 am

They claim to have international coverage but it's not even available up here. fvck them.

The Queen hasn't allowed it yet

Stab · « **Reply #9 on:** April 10, 2016, 07:58:22 pm »

Quote from: Dan in Toronto on April 10, 2016, 02:06:33 pm

You best be showing up to the throwdown boy. I'm going to kick your teeth in. I'll probably apologize after but you'll be eating soft foods for a month. Did you really drive an ice cream truck?

thinking bni still has teeth to kick in.