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IHeartMedia Mulls Ending Debt Talks With Franklin-Led Group

  • Franklin Advisers has been leading debt negotiating group
  • Company faces $10 billion in debt payment in three years
Updated on

IHeartMedia Inc. said it may break off negotiations on restructuring some of its $21 billion of debt after failing to reach an agreement with some of its creditors.

The biggest owner of radio stations in the U.S., formerly known as Clear Channel Communications Inc., is assessing whether it will continue discussions “given the significant gap between the proposals,” the company said in a statement on Tuesday.