The coming breakup of Clear Channel Outdoor
OOH giant is sure to be sold off as parent iHeart slides toward bankruptcy
February 21, 2017
There was a time when much of the discussion around iHeartMedia was whether, burdened by its massive debt, it would figure a path to survival.
That conversation is past.
IHeart is cooked, headed toward bankruptcy. Breakup is inevitable. The only question now is when, and the answer appears to be soon, some industry observers think next year, but it could come earlier, later this year, as debtors close in.
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