January 22, 2019
A Texas bankruptcy judge on Tuesday confirmed iHeartMedia Inc.'s plan to reorganize and shed more than $10 billion in funded debt, paving a path for the broadcast media giant to emerge from Chapter 11 proceedings untethered from its billboard subsidiary.
January 18, 2019
IHeartMedia Inc. has inked a deal with a contingent of its legacy holders who had protested the radio broadcast giant's bid to emerge from Chapter 11 in Texas, giving them $4 million in fees and allowing $544 million in legacy note claims.
November 21, 2018
IHeartMedia Inc. has asked a Texas bankruptcy court for authorization to continue performance incentive plans that could pay company employees up to $82 million in 2019 as the radio giant tries to reorganize under Chapter 11.
October 22, 2018
IHeartMedia Inc. asked a Texas bankruptcy court on Friday to approve a fee examiner who has been in place since the beginning of the month, making sure requests for payment are reasonable as the radio broadcast giant continues efforts to restructure more than $16 billion in funded debt.
September 20, 2018
A Texas bankruptcy judge issued an order Thursday approving the disclosures and solicitation materials for iHeartMedia Inc.'s Chapter 11 plan, which is expressly opposed by the broadcast media giant's unsecured creditors and has faced challenges from federal authorities.
September 05, 2018
The U.S. Securities and Exchange Commission slammed the "overly broad" third-party releases contained in iHeartMedia's proposed Chapter 11 plan on Tuesday, saying the provisions would improperly prevent whole swaths of stakeholders from suing the debtor's directors and affiliates for outright fraud or negligence later on.
July 09, 2018
IHeartMedia on Monday asked a Texas bankruptcy court to reject creditor objections to its request to retain a pair of financial advisers, saying the requested fees are reasonable considering the size and complexities of the the radio broadcast giant's Chapter 11 case.
June 21, 2018
Liberty Media has taken a much talked-about $1.16 billion offer for a 40 percent slice of iHeartMedia off the table, according to a Thursday court filing, leaving the bankrupt radio giant with no outside funding source as it seeks to cut $10 billion from its swollen balance sheet.
June 20, 2018
A Texas bankruptcy court Tuesday approved iHeartMedia Inc.'s plan to pay a dozen of its top executives up to $25 million in bonuses for 2018, overriding an objection by the U.S. Trustee's Office.
June 15, 2018
The U.S. Trustee on Thursday asked a Texas bankruptcy court to reject iHeartMedia Inc.'s plan to pay its top executives up to $25 million in bonuses, saying the company has failed to show the plan's performance goals are a challenge or how the executives would help reach them.