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Iheartmedia

C

CassChopper96

I heard that Iheart filed for bankruptcy do you think they could go out of business completely in the near future. Is the company making money
 
Wasn't that back in something like March (2018)? They're in the process of emerging from it. At least one report had John Malone looking to get a big piece of the company when it does emerge.
 
CassChopper96 said:
I heard that Iheart filed for bankruptcy do you think they could go out of business completely in the near future. Is the company making money
Click to expand...

Nope. It's a Chap 11 reorganization, which means all they do is exchange some equity for debt. Happens all the time.

The debt has been eating this company alive for ten years. Less debt means they'll make money.
 
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