The Largest U.S. Radio Operator Is Saddled With $20 Billion Debt

  • Broadcaster in talks over how to erase $1.4 billion of debt
  • Debt through 2018 would be cleared out in potential deal

IHeartMedia's Pittman: Radio Outreaches TV in the U.S.

IHeartMedia Inc., the radio broadcaster struggling under $20.6 billion of debt, is considering a potential bond or equity offering to pay off its most-pressing obligations and buy time to improve earnings, according to a person with direct knowledge of the matter.

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