If you only knew how bad the debt cloud is hanging over iHeartMedia, you’d be concerned for the rest of the radio business and their current employees.
Spinning debt is difficult but iHeart is doing it with smoke and mirrors. If you see these numbers (and tactics) that few people get to see, you will be concerned for everyone.
Luckily CEO Bob Pittman not only owns but can freely sip Casa Dragones tequila.
You may only be able to afford Pabst Blue Ribbon but here are 8 secrets Pittman doesn’t want you to know that will scare the hell out of you about the future of iHeart.
- FACT: iHeart’s consolidated cash balance of $289 million for Q1 was their lowest since 2008 when Lee & Bain took over the company from the Mays family.
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