In The IHeartMedia Bankruptcy, Expect A Major Selloff Of Radio Stations

Gene Ely, Contributor
20 March 2018

The deal was struck in just the nick of time, hours before the radio giant was set to be shut down by its creditors, and it could well save iHeartMedia, allowing it to be reborn and thrive again.
But be assured, the iHeartMedia that emerges from the prearranged bankruptcy worked out last week with creditors will be a very different company—and a lot leaner.

Expect to see a dramatic shedding of radio stations, likely hundreds, many at rock-bottom prices.
Never mind statements put out by the company that stations will not be sold off. That’s intended to quell fears among employees and stem any flood of talent.

A station selloff is all but assured for a variety of reasons.

Additional story at: https://www.forbes.com/sites/geneely/2018/03/20/in-the-iheartmedia-bankruptcy-expect-a-major-selloff-of-radio-stations/#1ac4042312bd

What to Look for in a Deal to Rescue iHeart Media From a Breakup

Gene Ely, Contributor
By midnight tonight, (March 13, 2018), perhaps even before, we could well learn the fate of iHeartMedia, the long-struggling radio giant, and it’s a hugely important story, and not just for radio.

A deal now in the works would restructure the company, transferring control of iHeart from Bain Capital and Thomas H. Lee Partners, two venture capital firms, to the company’s debt holders, led by Franklin Advisers, while reducing the company’s crippling debt load.

Additional story at: https://www.forbes.com/sites/geneely/2018/03/12/what-to-look-for-in-a-deal-to-rescue-iheart-from-a-breakup/#1621152a774e