IHeart Filing for Bankruptcy

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IHeart Radio is heading to into bankruptcy after being unable to meet debt obligations.

IHeartMedia, Inc. is likely to file for bankruptcy within the next couple of weeks since it has been unable to make their debt payments.

Liberty Media which has made offers to finance the debt, is looking to combine SiriusXM radio with IHeart.

IHeart has about 850 stations and SiriusXM is the largest satellite radio network. IHeart also owns the billboard advertising company Clear Channel.

Alexander Hernandez, Esq.

Alexander Hernandez is a bankruptcy attorney practicing in Jacksonville and the surrounding areas and Miami, Florida.

For prior articles related to bankruptcy cases in the news, follow this link.

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