IHeartMedia Hits Ch. 11 To Cut More Than $10B In Debt
16 March, 2018, 02:07 | Author: Salvatore Jensen
iHeartMedia have reportedly agreed a restructuring deal with investors which hold over $10 billion of the debt to reduce their outstanding bills by half.
Communications giant iHeartMedia has filed for reorganization in a Chapter 11 filing in Bankruptcy Court in Texas.
The company traces its roots to the 1972 purchase of KEEZ-FM in San Antonio, Texas, where it is now headquartered.
The company has filed a series of motions to allow it to continue a "business-as-usual" operation during the transition to Chapter 11 bankruptcy.
Over 14,300 people are employed by the company according to its 2016 annual report. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners.
Last year, a second quarter earnings report showed showed declining revenues as the media company struggled to get out from under the massive debt.
There have been reports that the company had stopped paying suppliers some of whom are the biggest toy makers in the country. "There is no toy business without Toys R Us ", Larian said, noting that he sold his first product to the chain in 1979.
Quarterback Case Keenum is reportedly expected to sign with the Denver Broncos when free agency officially opens on Wednesday. There were some things that we should have done differently that we didn't do.
The one thing we do know about the ratio of the circumference of a circle to its diameter is that we don't know how it ends. If you're craving something sweet on Pi Day , several restaurants and grocery stores are giving customers a break on pie.
Most believe this could be Google's strategy towards eliminating its association with the specific operating system. So the Google logo is removed from the top of the page, which shifts this new rounded search box to the top.
Leonard , who received first-team All-NBA honors the previous two seasons, resumed working out in San Antonio on February 27. Leonard has told that he would be returning to the court at some point this season if he feels comfortable.
USA intelligence agencies are due to review the draft report and declassify it before it is made available to the public. Trump, however, is declaring victory thanks to the House Intelligence Committee's announcement.
Ireland's win over Scotland at the weekend and England's loss to France , means the two teams swap position on the rankings table. Ireland can win their third Grand Slam if they beat England on Saturday.
But Pompeo might still prove to be a more risky secretary of state by enabling Trump's most hawkish instincts. A number of details still need working out ahead of the summit, from the time and place to the actual agenda.
In a nod to his own gloomy reputation, he said: "If there are any Eeyores in this chamber, they are on the benches over there". Mr Hammond concluded his speech at 12.58pm. "He doesn't want interest rates to go up or consumer spending to go down".
The flight took off from Sharjah International Airport, according to the General Civil Aviation Authority in the UAE. The hen party was in celebration of Turkish socialite and soon-to-be-bride, Mina Basaran who was just 28-years-old.
US Secretary Of State Expected In Abuja
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Shane McMahon will compete in a match at Wrestlemania 34
However, the match is interrupted by "The Bludgeon Brothers (Eric Rowan and Luke Harper)' and it results in a 'No Contest". Before his match against the Roman Reigns, The Undertaker held an unmatched WrestleMania record of 23 winds and one loss.
Broadcom gives up on Qualcomm buyout after Trump veto
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After Facebook, Google to ban cryptocurrency ads
In 2017, Google took down more than 3.2 billion ads that violated its ad policies-or roughly 100 bad ads per second, Spencer said. The same treatment is being meted out to ads for binary options and similar products.
Bag strap may be to blame, says pilot
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Fitbit Doubles Down on Smartwatches With Versa
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Hearthstone: The Witchwood Expansion Announced
This minion would be way too powerful if it could attack the enemy Hero, but as limited to other minions it seems pretty fair. Minions with the Rush ability are similar to those with Charge, allowing you to attack the same turn the card was cast.
A rocky appearance for DeVos on '60 Minutes'
Nobody mentioned the charts she cited in her tweet, comparing MI standardized test scores to national averages. But DeVos couldn't articulate whether public schools in MI have fared well under her policies.