iHeartMedia has reached an impasse on talks with some of its creditors. Since winning a court judgement in May, the broadcaster has been trying to reach an agreement on how to restructure some $21 billion in debt. The company has told the Securities and Exchange Commission its assessing whether to […]
Tag: iHeart Media
iHeart Media Being Sued By A Minority Investor
Yes, iHeart Media did recently come off a victory in the Texas courts over a group of creditors. That does not mean their troubles are over. Gamco Asset Management owns nearly 10% of the stock in Clear Channel Outdoor Holdings not held by iHeartMedia. Gamco is suing iHeart for improperly […]
iHeartMedia Wins Lawsuit
iHeartMedia, Inc. won its lawsuit blocking notices of default from several of its creditors. The verdict on Tuesday from state District Judge Cathleen Stryker permanently blocks bondholders unhappy over a recent transfer of assets within the radio, billboard and digital company from filing default notices against the company in connection […]
Is iHeart Making Progress With Creditor Group?
Insider has written about Clear Channel Outdoor’s parent company, iHeart Media, and their debt woes. Their trial in Texas with a group of creditors began this week . We had previously mentioned that iHeart was trying to find a mediated settlement up to the date of the trial. At issue is […]
iHeart Has Trial Date On Debt Dispute
An update on iHeart Media/Clear Channel Outdoor debt issues. The Wall Street Journal is reporting that iHeart has a May trial date set to block a group of lenders from declaring a default on more than $3 billion in loans. In the meantime, both sides have agreed to abide by […]
