That’s why they are selling everything in site from their outdoor division to two office buildings in San Antonio and everything in between.
Bankruptcy is on the table and all of us better pray it doesn’t happen.
But it’s very possible, maybe even likely.
Look at the repercussions …
What happens to employees if iHeart files?
And what about pensions and previously agreed upon settlements and deals – will they be safe?
This will make iHeart employees even angrier. The details on what Bob Pittman and Rich Bressler are doing ahead any bankruptcy move – one more money grab for the owners.
Will layoffs be put on hold during any bankruptcy proceeding?
The scary options should iHeart emerge debt free.
Access this story now …
Report news in strict confidence to me personally here.
Save March 18, 2015 for my next Media Solutions Conference
Recent Posts
- AI Insights from My NYU Music Business Class
- Cumulus Just Blinked
- Urban One’s Nuclear Option
- Inside iHeart’s “Guaranteed Human”
- iHeart Mismanagement Exposed
- The Trojan Horse Deal to Rope in Station Buyers
- iHeart Cooked the Essential AM/FM Car Study
- How iHeart Blew the TuneIn Deal
- The Perfect Buyer Waits for Cumulus
- Beasley Asset Sales Plausible