October 2017 Boston Radio Ratings.

[davideduardo]

Can someone tell me where debt-ridden iHeart is going to get the $$$ for any of this?

They will pay out of cash on hand.

They fact that they have debt does not mean that the station group is not producing significant positive cash flow.

 

[raccoonradio]

Where is iHeart getting the money? Cuts are on the way.They traded to get WBZ and now as they tell employees they have to reapply for their jobs, you wonder what percentage of employees will be allowed back.

 

[Tired Of It All]

Maybe it's me, but I think its a bit tacky to announce to your audience you have a "major announcement" at the end of the week, and essentially it has to do with the death of a show sponsor. Capitalizing (via hype to get ratings) on the death of a friend?

No no no, silly Methuselah, his ratings are "through the roof", the "phone lines are blazing" and "we're going national" baybeeee!

Capitalizing on the death of "a dear friend", he has no shame, he will do anything for ratings.

 

[miketheradioguy]

Where is iHeart getting the money?

iHeartMedia is swapping their Richmond and Chattanooga clusters to Entercom for the stations they're receiving in Boston and Seattle.

 

[TheBigA]

iHeartMedia is swapping their Richmond and Chattanooga clusters to Entercom for the stations they're receiving in Boston and Seattle.

However, if you read the story, there is also an unspecified amount of money as part of the deal.

Richmond & Chattanooga are not equal to Boston & Seattle.

 

[miketheradioguy]

However, if you read the story, there is also an unspecified amount of money as part of the deal.

Richmond & Chattanooga are not equal to Boston & Seattle.

I didn't know about that until now, but thanks for pointing that out.

 

[CTListener]

However, if you read the story, there is also an unspecified amount of money as part of the deal.

Richmond & Chattanooga are not equal to Boston & Seattle.

And iHeart has that money on hand to spend how? Borrowing? Cooking the books?

 

[TheBigA]

And iHeart has that money on hand to spend how? Borrowing? Cooking the books?

According to their earnings conference call:

"The company had $365 million in cash on hand at the end of the quarter and its total leverage ratio was 11.9 times."

Entercom obviously isn't too concerned, and they're the ones owed the money.

 

[miketheradioguy]

According to their earnings conference call:

"The company had $365 million in cash on hand at the end of the quarter and its total leverage ratio was 11.9 times."

Entercom obviously isn't too concerned, and they're the ones owed the money.

That should cover what iHeartMedia's acquiring from Entercom.