Net News search results for: clear channel outdoor
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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 »
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October 26, 2017
iHeartMedia Makes A New Offer To Lenders, But No Deal Reached
In a filing with the SEC, iHEARTCOMMUNICATIONS, INC. said that it has made a counter proposal to its lenders in another attempt to stave off bankruptcy, but no deal has been reached based on the newly offered terms. The proposal, made OCTOBER 24th, … more »
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October 11, 2017
iHeartMedia Wins Another Round In Stock Transfer/Default Case
iHEARTMEDIA has scored another victory in TEXAS state court in its legal battle to fend off a declaration of default by its lenders, as a state appeals court has upheld the BEXAR COUNTY Court decision ruling that the company's transfer of stock into … more »
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September 18, 2017
iHeartMedia Finds $22.5 Million To Use For Debt Payments
iHEARTMEDIA has made a small move to address the debt that’s coming due this FALL in 2018, and especially in 2019. In a Form 8-K filed with THE SECURITIES AND EXCHANGE COMMISSION, iHEART writes, "On SEPTEMBER 14, 2017, CLEAR CHANNEL OUTDOOR … more »
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August 25, 2017
Hurricane Harvey Takes Aim At The Texas Gulf Coast
Hurricane HARVEY is hitting the TEXAS Coast today (8/25), "and is expected to bring as many as 35 inches of rainfall, destructive waves, and flood waters that could reach heights of 6-12 feet above ground level along the state's coast," the … more »
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August 3, 2017
iHeartMedia Second Quarter: Media Division Up A Little
iHEARTMEDIA second quarter 2017 net revenue decreased year-to-year by 1.5% overall to $1,590,368,000 but rose 1.7% after considering foreign exchange rates and the impact of removing revenue from outdoor businesses sold. The iHEARTMEDIA division … more »
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April 24, 2017
'iHeartRadio Parent Warns It May Not Survive Another Year' As Statement Draws Reaction
Last THURSDAY (NET NEWS 4/20), ALL ACCESS broke the news that as part of an SEC filing of supplements to its debt swap proposals, iHEARTMEDIA released a preliminary first-quarter earnings report that shows consolidated revenue off 2.4% to $1.329 billion … more »
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April 20, 2017
iHeartMedia Offers Preliminary First-Quarter Financial Results, Update on Debt Woes
As part of an SEC filing of supplements to its debt swap proposals, iHEARTMEDIA released a preliminary first-quarter earnings report that shows consolidated revenue off 2.4% to $1.329 billion and consolidated operating income dropping 72.9% to $114 … more »
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April 7, 2017
No Takers Yet, So iHeartMedia Extends Exchange Offer Deadlines
iHEARTCOMMUNICATIONS, INC., iHEARTMEDIA, INC., and CC OUTDOOR HOLDINGS, INC. have extended the deadlines for its latest attempts to swap debt in two exchange offers. The expiration of the offers, originally set for FRIDAY, APRIL 14th, is now set at … more »
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March 17, 2017
iHeartMedia Stock Spikes 43%
While iHEARTMEDIA is a privately held company, with BAIN CAPITAL and THOMAS H. LEE PARTNERS having bought what was CLEAR CHANNEL in 2008, there's still some stock that trades over the counter as "IHRT." That stock seemed to react positively … more »