IHeart Warns Debtholders It May Not Remain a ‘Going Concern’
IHeartMedia, the troubled radio conglomerate, announced on Thursday that its next quarterly report will include a warning “as to our ability to continue as a going concern” over the next 12 months. IHeart, formerly known as Clear Channel, is struggling under the burden of $20 billion in debt, the lingering hangover from its 2008 leveraged... Read more »