IHRTQ - iHeartMedia Filed for Bankruptcy Protection But There's No Need to Panic!

Interested in the entertainment industry or investing in entertainment stocks? If so, you’re going to want to know the following: iHeartMedia, Inc. has filed for bankruptcy. If you didn’t know, this is the parent company of iHeartRadio. Interestingly,  the news that the Texas-based company submitted the paperwork for bankruptcy comes just four days after the 2018 iHeartRadio Music Awards.

It’s quite well known that iHeartMedia (OTCMKTS:IHRT) has been devastated by piles of debt for a number of years. On top of that, the company has struggled immensely with declining revenue. It is for ...