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iHeartMedia Files Chapter 11

Discussion in 'Article Discussion' started by Melody Bot, Mar 15, 2018.

  1. Melody Bot Mar 15, 2018
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Ed Christman, writing for Billboard:


    iHeartMedia and some of its subsidiaries filed for Chapter 11 protection last night after reaching a pre-packaged agreement with its principle creditors that will apparently see the company cut its debt in half to $10 billion after a debt-to-equity swap with some debt holders; and the spinoff of Clear Channel Outdoor Holdings, which is not a part of the Chapter 11 proceedings.
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