The iHeartMedia billboard is seen atop a building in the Bronx in New York, U.S., March 15, 2018. REUTERS/Shannon Stapleton
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Leading U.S. radio company iHeartMedia, which runs some of the country's most popular Top 40 stations, has filed for bankruptcy protection as it struggles to pay $20 billion in debt.The Texas-based company said in a statement dated Wednesday that it was confident it had enough cash on hand to stay operational and that it had reached understandings to halve its debt.iHeartMedia, which last month missed an interest payment, said in its bankruptcy announcement that it had reached deals with debt holders to clear $10 billion of its burden.
FOLLOW THIS ARTICLE