Bankruptcy may be the next step for big radio station chain iHeartMedia

mark williamsBoston Globe

Mark Williams

It was a big bet on the future of radio, but an ill-timed one…

Expert quote:

“It’s going to be a business school case study of what not to do in a leveraged buyout. They took on an unhealthy amount of debt, much higher than average . . . What they did is they bet the farm.”

View full article