iHeart Creditors Eye Long-Awaited Payoff After Rough Years
An offer by Sirius XM could be a gamechanger for the radio stations owner
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Welcome to The Brink. I’m Irene Garcia Perez, a reporter in New York, where I followed the turnaround of radio station owner iHeart. We also have news on Brazilian troubled companies, Springs Windows and Hong Kong developer New World. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
iHeartMedia was beginning to turn a corner when news of Sirius XM’s buyout approach surfaced. A takeover could prove an unexpected boon for creditors-turned-shareholders of the US’s largest radio station owner after many troubled years.