Report suggests Liberty Media is eyeing up iHeartMedia

US media group iHeartMedia – which includes radio-streaming service iHeartRadio – filed for bankruptcy earlier this year, and has since been plotting a path to reduce its debts and exit Chapter 11 bankruptcy. This week, the company announced that it has agreed a deal with creditors to reduce its debts by around $10.3bn to $5.75bn, while separating […]

Liberty Media offers $1.16bn for 40% iHeartMedia stake

US radio group iHeartMedia is battling to restructure its debts in order to avoid bankruptcy, and its latest potential saviour is a fascinating one: Liberty Media. That’s the same Liberty Media that’s the majority owner of satellite-radio firm SiriusXM, which recently acquired a $480m stake in Pandora, which competes directly with iHeartMedia’s iHeartRadio service. The […]

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