Uh oh! It looks like iHeartMedia Inc. is going bankrupt! It has been reported that the CEO of iHeartMedia Inc., Bob Pittman, have missed two bundles of bond payments. This caused the company to be in debt of $20 billion. It was stated that Liberty Media offered to help avoid the bankruptcy filing by inserting money into iHeart, but the offer wasn’t big enough for the company’s acceptors.
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