iHeart, Cumulus Eying “Limited Default”


  • What Cumulus is doing to buy more time – but at a price.
  • How iHeart is flirting with bankruptcy by another name.
  • What bondholders know about iHeart that you should know.
  • Can Cumulus do a Citadel-type pre-packaged bankruptcy and still come away with operating authority the way Farid Suleman did?
  • Who runs Cumulus when it emerges from bankruptcy.

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