The
iHeart Media headquarters is shown Thursday, March 15, 2018, in
Phoenix.
AP Photo/Matt
York
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iHeartMedia on Monday announced that the United States
Bankruptcy Court for the Southern District of Texas has
confirmed the Companys Plan of Reorganization. -
The Company expects to complete its restructuring
process in the first half of 2019. -
Under the terms of the Plan, iHeartMedia will complete
a comprehensive balance sheet restructuring that will reduce
its debt from $16.1 billion to $5.75 billion. -
Additionally, the company will separate Clear Channel
Outdoor Holdings, Inc. from iHeartMedia, …Read the full article at: https://www.businessinsider.com/iheartmedia-bankruptcy-reorganization-plan-2019-1