Next Week’s iHeart Bankruptcy

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  1. One week from today, iHeart will be in bankruptcy.  Here’s what that will look like.
  2. iHeart has the money so why is it voluntarily submitting to bankruptcy?
  3. Prepare for asset sales – here is the first thing to go.
  4. Meanwhile iHeart has become more vulnerable to competitors – where they are getting weaker.
  5. The court will likely give iHeart the chance to make management decisions. Here are the first cuts they will make under the cover of bankruptcy.

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