Radio has not been able to successfully launch an IPO for years now.
Think Alpha Media.
So why are iHeart and Cumulus even trying now when there is even less interest on the part of lenders and investors?
iHeart signaled some type of public offering in their bankruptcy.
And now it appears Cumulus, out of bankruptcy but not out of financial trouble, may be on the verge of having what iHeart is having.
There are two IPO options to look for – it will be one of these.
How iHeart’s IPO will be priced.
How the Cumulus IPO must deal with distressed debt partners.
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