May 4 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