IHeartMedia, one of the world’s largest radio and billboard companies, has filed for Chapter 11 bankruptcy protection. The San Antonio-based iHeartMedia Inc., which was formerly Clear Channel Communications, said Thursday that it has reached an agreement with the holders of more than $10 billion of its debt and will restructure its finances as a result.
IHeartMedia, one of the world’s largest radio and billboard companies, has filed for Chapter 11 bankruptcy protection. The San Antonio-based iHeartMedia Inc., which was formerly Clear Channel Communications, said Thursday that it has reached an agreement with the holders of more than $10 billion of its debt and will restructure its finances as a result. Richard Shotwell/Invision/AP
IHeartMedia, one of the world’s largest radio and billboard companies, has filed for Chapter 11 bankruptcy protection. The San Antonio-based iHeartMedia Inc., which was formerly Clear Channel Communications, said Thursday that it has reached an agreement with the holders of more than $10 billion of its debt and will restructure its finances as a result. Richard Shotwell/Invision/AP

Radio giant iHeartMedia files bankruptcy plan to reduce debt

March 15, 2018 02:23 PM