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

[UConnSwag11]

 

[UConnSwag11]

Did we just sign with iheartmedia?

 

[CL82]

Did we just sign with iheartmedia?

Yes

 

[intlzncster]

Did we just sign with iheartmedia?

lol

 

[freescooter]

Old news. Doesn’t effect the UConn deal.

 

[UConnJim]

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.

 

[zls44]

In before whaler says this is more proof of why everyone in Storrs should be fired