Smackoff Audio
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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.
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.
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.
That Article is from April. IHeartRadio is a crappy app. Not sure why anyone would pick it over TunedIn.