Radio Giant iHeartMedia Files for Bankruptcy as the Realities of Digital Creep Up
After electing to skip a multi-million dollar interest payment last month, the cash-strapped radio company iHeartMedia, which owns 850 stations and has a portfolio of digital offerings, has filed for Chapter 11 bankruptcy. In a statement released Thursday, iHeartMedia Inc. said it will continue its day-to-day operations as usual, meaning you won’t need to change…
