Inside Music MediaJerry Del Colliano

iHeartMedia’s cash on hand is the lowest ever.

Debt is highest.

This is why they are selling everything to keep the wolf away from the door.

Now, Wall Street sources reveal what Bob Pittman is not saying publicly about the bleak future of his company.

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1. One way iHeart is staying afloat is to suck the cash out of other companies – I was shocked when I saw these figures.
2. iHeart’s nut – what they have to come up with every year just to remain in business.
3. The $400 million proceeds from selling tower land is already spent – here’s where.
4. Big losses expected for 2015 after capital expenditures, interest and working capital. And projections for 2016.
5. Wall Street is buying Pittman’s rhetoric that radio will come back and is simply undervalued BUT it’s game over if he crosses them on this one thing.

The answers begin here.

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