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iHeartRadio may collapse this year

 
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pilight



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PostPosted: 05/01/17 9:48 am    ::: iHeartRadio may collapse this year Reply Reply with quote

http://ampthemag.com/the-real/iheartradio-might-collapse-year/

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As of March 1, the company had $365 million of cash on its balance sheet. In 2019, $8.3 billion in debt comes due, and the company appears to have no realistic way to pay it off. Moody’s has downgraded the iHeart’s bond ratings from stable to negative and wrote in December that it expected iHeartMedia would be forced into debt restructuring in 2017.



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