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A U.S. court has approved the bankruptcy plan of iHeartMedia, the biggest radio broadcaster in the U.S., which will shave down its crushing debt load and separate iHeartMedia from Clear Channel ...
iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. [2] It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in a leveraged buyout in 2008.
IHeartMedia filed for bankruptcy as the largest U.S. radio station owner reached an agreement with creditors to restructure its overwhelming debt load.
On December 21, 2018, iHeartMedia announced its intent to spin out its majority stake in Clear Channel Outdoor, as part of a proposed reorganization plan to reduce debt and exit its Chapter 11 bankruptcy. The reorganization plan was approved by the U.S. Bankruptcy Court for the Southern District of Texas in January 2019, and was completed in ...
iHeartRadio (often shortened to just "iHeart") is an American freemium broadcast, podcast and radio streaming platform owned by iHeartMedia. [1] [2] It was founded in August 2008 and iHeartRadio serves as the national umbrella brand for iHeartMedia's radio network, the largest radio broadcaster in the United States with 128 million registered users as of 2019 and its other consumer-facing ...
"The same day the company posted a $981.66 million net loss for Q2 2024, iHeartMedia revealed more programming-centric layoffs," reported Radio Ink. "The news broke Thursday and spread quickly ...
AUM. $16.9 billion [ 1] Number of employees. 100+ (2022) Website. thl .com. Thomas H. Lee Partners, L.P. is an American private equity firm headquartered in Boston. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions. [ 2]
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