Several lenders to the Bob Pittman-run iHeartMedia have split from Franklin Advisers, the media company’s largest creditor, and are close to reaching a restructuring plan with iHeart that would keep America’s biggest radio station owner out of bankruptcy, The Post has learned. However, the lenders, led by Symphony Asset Management, will not sign the deal...
iheart media management services, inc.
NYS Entity Status
NYS Filing Date
AUGUST 20, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION RESERVATION
2014 - IHEART MEDIA MANAGEMENT SERVICES, INC.
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The biggest creditor of iHeartMedia is close to blinking in its nearly six-month stare-down with America’s largest owner of radio stations, The Post has learned. Mutual fund Franklin Resources is working with investment bank PJT Partners on a restructuring plan that could save iHeart from bankruptcy — although it may ask for more cash guarantees...