Lenders were so suspicious of iHeart’s tactics that they forced them to pay a “bribe” to extend their debt.  And that’s just the good part.

Read the full article now    

Start a new subscription here

CEO Mary Berner has lost over 90% of investors’ money in 2 bankruptcies since 2015 while enriching herself by over $50 million – the new private owners want her out.  Right?

Read the full article now    

Start a new subscription here

3 more major radio groups are dead in the water

so why do lenders keep giving them grace periods?

what’s worse than bankruptcy?

Read the full article now    

Start a new subscription here

George Beasley founded the company in 1961 effectively making it takeover-proof.  Then his kids took over and did this dangerous deal to hang onto their jobs.  What does a “quasi-bankruptcy” even look like?

Read the full article now    

Start a new subscription here

100 years of CBS Radio News flushed down the toilet for a rounding error. The math is insulting when you see where the savings go.

Read the full article now    

Start a new subscription here

The FCC was out to get Soros.  Instead, his PE fund invented a new mission for radio that Connoisseur quickly adopted, plus profitable exit strategies – the new data-first pivot.

Read the full article now    

Start a new subscription here

Read the full article now    

Start a new subscription here

INSIDE …

• A rare “hall pass” from worried noteholders – why they issued it.
• A private move that confirms they hit a zero-cash floor.
• The heightened desperation of the Beasley family.

Read the full article now    

Start a new subscription here

Once the “safe bet” because of low debt, Saga isn't "on life support" yet, but it is arguably a "liquidating trust" in disguise -- if you can’t make money with zero debt, your problem isn't the bank.

What everyone is missing …

• about their tower deal

• their fledgling digital operation

• what shareholders don’t know about the dividends they are paying every quarter 

• their sudden cash crunch 

Read the full article now    

Start a new subscription here

Read the full article now    

• “Anonymous members” who could be buying up debt privately to steal the company in bankruptcy.
• The burned Cumulus private equity lender to keep an eye on.
• How this pre-pack could have a surprise ending unless the lenders who would be the new owners want to run a failed radio group.

Start a new subscription here

Read the full article now    

Start a new subscription here

Read the full article now    

Start a new subscription here