May 4, 2017 / 11:09 AM / 5 months ago

IHeartMedia raises "going concern" doubts

May 4 (Reuters) - IHeartMedia Inc, the largest owner of U.S. radio stations, said there is substantial doubt about its ability to continue as a going concern.

IHeartMedia, which says it has more than a quarter of a billion monthly radio listeners in the United States, is struggling to find a solution that would significantly slash its debt pile outside of bankruptcy court.

As of March 31, the company had debt of $20.37 billion and total assets of $12.27 billion. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below