As predicted, iHeartRadio is about to crash into a messy bankruptcy. Early last year, Digital Music News ran a controversial story. A group of iHeartRadio’s lenders had opposed a $20 billion debt overhaul. With the company adding nearly $350 million in debt last year, the product of a leveraged 2008 buyout, and another $8.3 billion […]
The post iHeartRadio Faces Imminent Bankruptcy as Debt Pile Hits $20 Billion appeared first on Digital Music News.