Author Topic: iHeart Radio in Trouble?  (Read 2847 times)

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Bill_in_Phoenix

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iHeart Radio in Trouble?
« 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/
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Steve in HTown

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Re: iHeart Radio in Trouble?
« Reply #1 on: April 06, 2016, 01:20:46 pm »
but they have such a great and trendy name  :uhh :lol
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wireman

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Re: iHeart Radio in Trouble?
« 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
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jeff in tucson

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Re: iHeart Radio in Trouble?
« Reply #3 on: April 06, 2016, 11:22:57 pm »
fvck I hope not. Listen to their 80s station all the time at werk
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Dan in Toronto

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Re: iHeart Radio in Trouble?
« 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.
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BNI

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Re: iHeart Radio in Trouble?
« Reply #5 on: April 07, 2016, 07:53:42 pm »
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.
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spookyben

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Re: iHeart Radio in Trouble?
« 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.
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Dan in Toronto

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Re: iHeart Radio in Trouble?
« Reply #7 on: April 10, 2016, 02:06:33 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?
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Learjet89

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Re: iHeart Radio in Trouble?
« Reply #8 on: April 10, 2016, 05:34:52 pm »
They claim to have international coverage but it's not even available up here. fvck them.

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Stab

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Re: iHeart Radio in Trouble?
« Reply #9 on: April 10, 2016, 07:58:22 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?
:lol thinking bni still has teeth to kick in.

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Hedstrom

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Re: iHeart Radio in Trouble?
« Reply #10 on: April 10, 2016, 08:03:24 pm »
:lol thinking bni still has teeth to kick in.

:lol that's a damn good point
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PopsGeez

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Re: iHeart Radio in Trouble?
« Reply #11 on: April 20, 2016, 05:01:45 pm »
that's a lot of money in debt

Bill_in_Phoenix

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Re: iHeart Radio in Trouble?
« Reply #12 on: November 02, 2017, 02:45:22 pm »
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Boges

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Re: iHeart Radio in Trouble?
« Reply #13 on: November 02, 2017, 02:48:59 pm »
That Article is from April.

IHeartRadio is a crappy app. Not sure why anyone would pick it over TunedIn.
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what?

PopsGeez

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Re: iHeart Radio in Trouble?
« Reply #14 on: January 07, 2018, 02:23:22 pm »
That Article is from April.

IHeartRadio is a crappy app. Not sure why anyone would pick it over TunedIn.

never heard of tunedin