Lenders Jittery About iHeart’s Future

INSIDE …

  • iHeart is right on schedule for bankruptcy in this quarter.
  • The one thing that Bob Pittman did to make lenders turn tail and run.
  • What will the next year be like for employees – programming, sales, management.
  • Bigger commercial loads? Details.
  • Pittman’s one last chance to snooker investors into giving him more time.
  • Why Pittman doesn’t just get up and leave now – there’s a good reason.
  • For real – no b.s. – what iHeart would have to do in revenue and share price to avoid bankruptcy.

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Why Howard Stern Should Run iHeart

INSIDE …

  • Here’s how Howard Stern would turnaround iHeart even with $20.5 billion in debt (7 ways)
  • And how Bob Pittman will run it into the ground instead (4 key ways no one sees coming).
  • What Pittman is going to drop on his employees at the upcoming January webcast – consider this an early warning.
  • Okay, Stern has a new contract with SiriusXM – here’s another winner who could turn iHeart around even with all that debt.
  • What Stern would do with podcasting (you should heed his advice, he’s dead right).
  • How he would get sales back on track.
  • Move over Jingle Ball, for this …

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Debt Holders Running From iHeart’s Reduction Plan

INSIDE...

  • What iHeart is offering greedy investors to get immediate interest rate relief.
  • Why some are being fooled but others are rejecting the plan.
  • Here’s the pitch to debt holders that tanked iHeart’s stock below a buck yesterday.
  • How current investors will get screwed.
  • What happens to $100 million in annual interest expenses if Bob Pittman’s latest plan is rejected.
  • Plus a just-discovered hilarious new video in which Pittman says his job is to ride the rides.

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Mary Berner Chooses A Brutal Cumulus Right Hand Man

INSIDE …

  • The brutal and powerful new assistant is worse than John Dickey.
  • How he ordered the firing of the father of two dead newly born triplets at his previous job to save a few bucks – get to know him here or just run for your life now.
  • Mary’s new man who will help her turn the company around has been known to be a buzz kill at sales meetings telling sales managers in front of coworkers that they wouldn’t be needed any longer.      
  • Why this is a bad omen for women at Cumulus with Mary’s latest mistake.
  • Part of the role for Mary’s new right hand man is to keep an eye on Mike McVay – details on just exactly how he thinks he will do that.
  • Why Wall Street money will see this move as proof that Cumulus cannot be saved.
  • How Berner will put lipstick on this pig this week during the employee pre-Christmas webcast.

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Why CBS Can’t Even Give Away A Radio Station

INSIDE …

  • What’s keeping CBS from selling the stations Andre Fernandez was brought in to deal – and for how long.
  • The merger from hell that buyers are afraid of.
  • The best prospects to trade with CBS – there are not many, but we name them.
  • What happens to CBS Radio next if it can’t unload at least one-third of its non-essential stations.
  • The bad news on multiples – this is all you can get now if you sell the average radio station.

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