Last week, we reported on US radio, live and streaming group iHeartMedia withdrawing its financial guidance for 2020 and drawing on $350m of a pre-agreed credit facility to tide it through the coronavirus pandemic. However, yesterday there were some more developments. Radio industry site RAMP got its hands on an internal memo revealing a range of cost-cutting measures to […]

When Music Ally thinks about ideal preparations for going public, bankruptcy protection isn’t high on the list. But US radio group iHeartMedia is trumping our assumptions: this week, it filed to go public, in an IPO that could raise up to $100m. The news comes just a couple of months after the company won approval for […]

US firm LiveXLive has bagged the rights to live-stream 17 of US radio group iHeartMedia’s events this year, including various festivals, as well as licensing and streaming rights for some smaller events like album launches and live performances. The deal will also see iHeartRadio getting a channel on LiveXLive’s online-video service. The latter company says that it […]