Rob Atkinson.
Australian Radio Network (ARN) CEO Rob Atkinson tells AdNews it’s business as usual for its podcast platform iHeartRadio, despite its US owner iHeartMedia filing for bankruptcy.
Last week the US-founded company, whose free broadcast and internet radio platform iHeartRadio is used by ARN, revealed its plans to implement a balance sheet restructuring.
It said it had reached an agreement in principle with holders of more than US$10 billion of its outstanding debt and its financial sponsors.
The agreement reflects widespread support across the capital structure for a comprehensive balance sheet restructuring that will reduce iHeartMedias debt by more than $10 billion, a statement read.
The business said it would c…
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