What’s a poor, bankrupt company have to do to get out of the tower business anyway?
Looks like the critical $400 million sale of iHeart radio towers and real estate has hit the wall – and this time it’s going to cost them even more money.
The deal is still on but something fishy has happened.
If you’re already a subscriber, thank you for joining our group. Just click through and unlock the content.
If you’ve been thinking about subscribing and would like to access this story, here is what you will get.
- Why is iHeart missing its closing date?
- Remember the two-part closing they talked about originally? What’s up with that now?
- What are the implications for iHeart markets that will have to give up in some cases millions of dollars in rental fees, make it up in sales and yet have no idea when push comes to shove.
- Why this land grab is so important to iHeart’s future bankruptcy options.
- The reward that Pittman and Bressler get if they deliver $400 million into the pockets of owners Lee & Bain.
The answers begin here.
If you would like to read this story, see an option to gain access to my entire archive of 2,992 pieces and get daily email delivery, see your choices here …
When you see or hear news, report it here. $100 for the best tip of the month. $1,000 for the best tip of the year. You’re anonymous in my Witness Protection Program.
Talk to Jerry privately here.
Next Year’s Philly Conference Date -- April 6, 2016. If you haven’t experienced one of these interactive learning sessions, plan ahead to be there. See a preview.
Sign up to get these teasers every day for free here
About Inside Music Media: Read by more people than any other media newsletter of its kind. Contains no advertising. Is insightful, deadly honest, entertaining and informative. Accepts no corporate money. And is beholden only to subscribers.
- The Game Mary Berner is Playing
- iHeart Bluffing Fire Sale
- Unspoken Entercom Financial Problems
- 4 Secrets Cumulus Will Tell the Bankruptcy Judge Dec 21st
- Shocker: iHeart May Default Friday
- The Cumulus Dickey “Poison Pill”
- iHeart in Panic Mode
- 7 Things Cumulus is Not Revealing About Their Bankruptcy
- Entercom's Secret Moves
- 2 More Radio Groups Teetering on Bankruptcy (and Not iHeart)