iHeartMedia investors watch for signs of bankruptcy in 3Q earnings

[TexasTowelie]

Investors in San Antonio-based radio and billboard giant iHeartMedia Inc., which has lost money in 28 of the past 29 quarters, won’t be looking for profits when the company reports third-quarter earnings Wednesday.

They’ll be watching for any signs of a looming bankruptcy, analysts said.

“It’s not a broken business model. It’s a broken balance sheet,” said Philip Brendel, a Bloomberg Intelligence credit analyst.

The company’s been struggling since March to renegotiate with investors its crushing debt load, $20.4 billion at the end of June. The parties have been at a standstill for months over the company’s pre-bankruptcy offer to exchange $14.6 billion in loans and bonds that come due over the next few years.

Read more: http://www.mysanantonio.com/business/local/article/iHeartMedia-investors-watch-for-signs-of-12336501.php

[sprinkleeninow]

1. Aww. The local rw 'spew' radio is iheart.

sean (minus sanity) is broadcast on there.

Announcement that 'he's being broadcast on over 500 stations around the world'.

I knew 'they' infiltrate, but, my God, no wonder sheeple are brainwashed and drink that brand of kkkool aid advertised.

P.S. Hi Texas T.
How you be?
💛

[TexasTowelie]

2. I'm doing okay.

The sinuses are acting up, but compared to a couple of nights ago it is an improvement.

[sprinkleeninow]

3. Good to hear. Up here humans and doggie children are

bothered by allergies, sinus irritations and watery eyes. Our doggie, the one next door and we're sneezing and honking and stuffy.

It's been unusually warm. Nice, but I think that's the reason.

Keep well.
💛

[Lee-Lee]

4. The only Progressive talk with a signal I can get here is on then

Of course the right wing station out of the same studio spews it’s garbage at a much higher power.

[Gothmog]

5. Rush will bankrupt this company eventually