Tag: Gamco

Investors Sue Clear Channel Over $1B Claim

News broke yesterday on the continuing iHeartMedia bankruptcy and its impact on Clear Channel Outdoor. A minority investor in Clear Channel Outdoor Holdings Inc. brought suit against the company’s board, majority owners and private equity sponsors in Delaware’s Chancery Court late Monday, seeking class damages for alleged failures to seek […]

Gamco Not Happy with iHeart

Insider has reported frequently on iHeart Media’s debt problems as they own 90 percent of the equity of publicly traded Clear Channel Outdoor Holdings, the nation’s largest billboard company. Mario Gabelli’s Gamco Asset Management owns 10 percent of the publicly traded shares. Gamco has not been happy with iHeart, owned […]