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.
iHeartMedia, What Happened?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 ...
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