Bankruptcy

The company announced yesterday that it has entered into a “Restructuring Support Agreement (RSA) with its majority owner.”

It's 1,700 pages of litigation between iHeartMedia Inc. and a group of its investors, that want their money back.  iHeart has technically defaulted on its debt, while continuing to do business as normal. According to the San Antonio Express, the San Antonio operated iHeartMedia “could ultimately force iHeart to file for bankruptcy,” the company said in its lawsuit filed in state district court...