Net News search results for: cc outdoor holdings
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March 19, 2018
Report: Future iHeartMedia Sale Possible
Even though iHEARTMEDIA’s bankruptcy deal is in the books (NET NEWS 3/15), the fine print in that deal could lead to another sale of the company, BLOOMBERG reports. There are stipulations in the agreement that would allows lenders to sell iHEART to … more »
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March 15, 2018
iHeartMedia Reaches Deal With Creditors, Files Chapter 11
iHEARTMEDIA has reached a deal with its creditors and is filing for Chapter 11 bankruptcy. The agreement with holders of more than $10 billion of its outstanding debt was characterized by the company as reflecting "widespread support across the … more »
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March 5, 2018
Bankruptcy Delayed As iHeart Gets More Time From Lenders, New Wednesday Deadline
iHEARTMEDIA's bankruptcy has been delayed, with lenders and the company filing a Forbearance Ageeement giving iHEART more time before having to file a plan for Chapter 11 bankruptcy. The new deadline is this WEDNESDAY, MARCH 7th. The agreement, … more »
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January 22, 2018
Clear Channel Outdoor Asks For Its $30 Million Back from iHeartCommunications
As reported here two weeks ago (NET NEWS, 1/9), CLEAR CHANNEL OUTDOOR HOLDINGS, INC. filed with the SEC (the “Company”) that it notified parent company, iHEARTCOMMUNICATIONS, of its demand for repayment of $30 million outstanding under the … more »
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January 19, 2018
Cumulus Asks Bankruptcy Court To Let It Reject Some Contracts, Including Merlin Chicago Deal
CUMULUS MEDIA has moved in bankruptcy court to reject under 20 of the 15,000 contracts it is party to, but that number includes the deal to buy Alternative WKQX and Classic Rock WLUP/CHICAGO from MERLIN MEDIA, as well as the contracts to air CHICAGO … more »
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January 9, 2018
iHeartMedia Grabs $30 Million From Clear Channel Outdoor For Debt Repayment
Once again, iHEARTMEDIA hits up its billboard division, CLEAR CHANNEL OUTDOOR, to meet a debt payment. iHEART filed with the SEC that it would take $30 million, $5 Million more than the $25 million it withdrew from its subsidiary last FALL (NET NEWS … more »
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January 4, 2018
2018 Brings Yet Another Extension Of Debt Swap Proposal Deadline By iHeartCommunications
The New Year for iHEARTCOMMUNICATIONS means yet another extension of the deadline for its creditors to swap existing term loans for new term loans and securities and to agree to amendments to its term loans D and E, this time from JANUARY 5th to JANUARY … more »
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December 11, 2017
iHeartCommunications Tells SEC It's 'Exploring Possible Private Capital-Raising Transaction'
In a Form 8-K filing with the SEC TODAY (12/11), iHEARTMEDIA indirect subsidiary iHEARTCOMMUNICATIONS said that it is "currently exploring a possible private capital-raising transaction." The deal would pledge the 100 million shares of Class B … more »
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December 8, 2017
Once Again, iHeartCommunications Extends Deadline For Its Debt Swap Proposals
iHEARTCOMMUNICATIONS has once again extended the deadline for its creditors to swap existing term loans for new term loans and securities and to agree to amendments to its term loans D and E, this time to DECEMBER 22nd, as talks continue to address … more »
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December 1, 2017
iHeartMedia Tries Again For Deal With Creditors, But The Creditors Have A Different Idea
While CUMULUS MEDIA was able to reach a deal with a majority of its lenders, iHEARTMEDIA hasn't been able to do so thus far, and the company informed the SEC on THURSDAY (11/30) that a group of its major creditors has rejected the company's … more »