The good news is that iHeart can no longer layoff enough people to stay ahead of debt.
The bad news is now they have to start selling things.
More bad news is that won’t stop them from laying more people off.
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- iHeart hopes to net $3 billion by selling this.
- What goes on the block after that will raise eyebrows.
- The vital assets each station will have to part with ahead of a sale.
- Station sales are coming once this one obstacle is overcome.
- Changes to their physical radio stations that will save money.
- The surprising person who is making all these moves.
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