Clear Channel Radio Communications, Inc.

US radio broadcaster iHeartMedia (fka Clear Channel Communications) and its lenders have agreed to give the company through Wednesday to ink a deal to restructure its debt load of a reported $20.6 billion. The owner of more than 850 radio stations is working on a proposal that would reduce its debt by ...

Some lenders of San Antonio-based iHeartMedia Inc. have agreed to give the troubled radio station giant until 11:59 p.m. Wednesday to work out the final details of an agreement .... The $24 billion LBO gave them 70 percent of the company, which was called Clear Channel Communications at the time.

... 11 radio stations iHeart owns in Minnesota. Eight of these are in the Twin Cities, and includes KFAN, KDWB 101.3, KOOL 108, News Talk AM 1130, and Cities 97. It also has three in Rochester, including 102.5 The Fox. MPR notes that iHeart was previously Clear Channel Communications, but the current ...

The company employs roughly 19,500 workers and owns more than 850 radio stations in 150 U.S. markets. It also owns 90 percent of billboard giant Clear Channel Outdoor Holdings Inc. in San Antonio. iHeart has seven stations locally, including WOAI-AM and FM stations 96.1 KXXM top 40 and 101.9 ...

But the strangers in the SUV weren't just a curiosity; they were enforcement agents with the Federal Communications Commission, and they .... When the Telecommunications Act of 1996 was passed, it gave companies such as Clear Channel permission to own eight radio stations in a single market and an ...

San Antonio-based iHeartMedia, formerly known as Clear Channel, owns 850 radio stations, making it the largest radio company in the country. In Philadelphia, it owns six terrestrial stations: adult urban contemporary 105.3 FM (WDAS-FM), mainstream urban station Power 99 FM (WUSL-FM), modern rock ...

Liberty Media would also seek to spin off iHeartMedia's Clear Channel Outdoor billboard advertising business in a taxable transaction, the term sheet says. An alternate deal has been proposed to iHeartMedia's owners, private equity firms Bain Capital and Thomas H. Lee Partners, that would keep the ...

John Malone's Liberty Media Corp. is making a play for iHeartMedia Inc., offering to pump $1.16 billion in cash into the nation's largest radio broadcaster in return for 40% stake in the reorganized company following an eventual bankruptcy filing. A deal between iHeart IHRT, -4.23% and Liberty FWONA, ...

... as the former Clear Channel has struggled under the burden of $20 billion in debt. Now it looks like SiriusXM parent company Liberty Media may jump in to save the day. According to a term sheet submitted on Feb. 23 by Liberty, which owns 69% of satellite radio giant SiriusXM, the company would infuse ...

The nation's largest TV station owner is about to get even bigger, threatening to create the equivalent of Clear Channel for local television. New ownership rules passed by the FCC's Republican majority in November are set to take effect Feb. 7, paving the way for Sinclair Broadcast Group to acquire ...

iHeartMedia, the struggling company that owns hundreds of radio stations and distributes the talk programs of Sean Hannity, Rush Limbaugh and Glenn Beck, ... iHeart, which was formerly known as Clear Channel Communications, suffered another setback in late December when its billboard advertising ...

... also owns billboard ad company Clear Channel Outdoors Holding Inc. CCO, -3.77% , has spent months in talks with lenders to restructure and refinance the massive $20 billion of debt it took on as part of a $24 billion leveraged buyout in 2008 of Clear Channel Communications Inc. by private-equity firms ...

Texas-based iHeartMedia was formerly known as Clear Channel Communications. The company has warned that it could not afford payments on some $20 billion in debt unless it restructures those obligations. A call for comment was not immediately returned. "The substantial amount of indebtedness of .