iHeartMedia has filed for Chapter 11 bankruptcy to shed billions of debt it has been saddled | The Boneyard

iHeartMedia has filed for Chapter 11 bankruptcy to shed billions of debt it has been saddled

iHeart Media is actually very profitable, but the debt load from the leveraged buyout was too high to ever pay back. When the debt is restructured, iHeart should be well positioned.
 

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