FWONK - iHeartMedia Gets Small Extension On Debt As Liberty Media Postures
iHeartMedia (IHRT) received a small extension from some creditors, according to an SEC filing made public March 5. With insolvency looming and the clock running out, iHeart was able to swing a very small extension as it attempted to resolve credit issues that are now very front and center. It was anticipated that iHeart could file for bankruptcy as soon as this weekend.
Meanwhile, Liberty Media ([[LSXMA]], [[LSXMK]], [[BATRA]], [[BATRK]], [[FWONA]], [[FWONK]], [[LBRDA]], [[LBRDK]]) with its stake