Tag: iHeartMedia

Clear Channel Outdoor and iHeartMedia Agree To Separation

News came out on Friday that Clear Channel Outdoor and iHeartMedia had come to an agreement to separate Clear Channel to an independent stand alone Company, Clear Channel Outdoor Holdings, Inc. Insider spent some time reading through the 8K (which is a fairly short read) and a significant portion of the […]

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 […]

Clear Channel Outdoor Late Filing Financials

The following is taken from a press release dated April 3rd. April 03, 2018 01:43 PM Pacific Daylight Time SAN ANTONIO–(BUSINESS WIRE)–Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that the Company will be delayed in filing its Annual Report on Form 10-K for the fiscal year […]

Bankruptcy Implications For Clear Channel Outdoor

As iHeartMedia heads into bankruptcy, Insider will narrow our focus more to how the bankruptcy process may impact Clear Channel Outdoor. Along with our own commentary, Insider will refer our readership to other articles of merit as we scrub through the news of each day. One such article is by […]

Drachman On What’s Next For CCO

With iHeartMedia now in bankruptcy and much speculation on the eventual fate of Clear Channel Outdoor, Insider caught up with Max Drachman, V.P. at Kalil & Co., to get his thoughts on the possibilities. Max, there has been a lot of early speculation about what happens to Clear Channel Outdoor. […]

iHeartMedia Reaches a Deal – FIles Chapter 11

Insider provides this excerpt from a press release from early this morning Thu March 15, 2018 12:47 AM|Business Wire iHeartMedia, Inc. (IHRT) and Certain Subsidiaries Voluntarily Commence Chapter 11 Proceedings to Implement Agreed Upon Balance Sheet Restructuring Day-to-Day Operations Will Continue as Usual During Restructuring Process Clear Channel Outdoor Holdings, Inc. (CCO) […]

IHeartMedia Deadline Comes ……. And Goes

Insider reported on Monday that IHeartMedia and their lenders had entered into a Forbearance Agreement that gave iHeart until Thursday March 8th at 12:59 AM Eastern time to come up with a $106 million interest payment or enter into a restructuring agreement that they have been continuing to negotiate with their […]

Update on iHeart Media, CCO Parent Company

Billboard Insider reported on April 24th of Clear Channel Outdoor’s parent company, iHeart Media and their current effort at restructuring their $20 billion in debt and extension of the offer until today, March 28th. Yesterday, the company extended for the third time the deadline to its lenders and bondholders for its […]