Insider thought it might be time for a quick update on the iHeart Media bankruptcy proceedings so here is our latest take. Liberty Media, the majority owner of Sirius XM Holdings (NASDAQ SIRI), had a high level of interest looking to purchase a 40% interest in iHeartMedia for $1.16 Billion. Liberty […]
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 […]
Liberty Media, who has a broad range of media and entertainment interests that include SiriusXM and the Atlanta Braves, have entered the iHeart Media sweepstakes as a potential investor. Liberty has offered a term sheet to certain key lenders and note holders of iHeart to buy a 40 percent stake […]
