Something is seriously up at iHeart.
We know that they are cutting $50 million a year for the next two years mostly through layoffs or what they call “dislocations”.
Now, under the radar, iHeart is petitioning the Feds for the right to let foreigners take over control of the company.
Why would they want to look to foreign investors to save their company?
If the FCC says yes, wait until you see the changes at iHeart.
Recent Posts
- Walls Closing in on Saga
- Spotify’s Attack on 20% of Local Radio Dollars
- A Beasley Move Away from Radio
- The Fake Money Propping iHeart
- Cumulus Bankruptcy: What Could Go Wrong
- iHeart To Outsource Its Sales Departments
- How Radio CEOs Get Bonuses for Bankruptcy
- Cumulus Bankruptcy About to Trigger
- Unintended Consequences of More Deregulation
- A death trap for conservative talk radio