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 …
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