iHeartMedia Wins Temporary Order Against Creditors

Reuters: iHeartMedia, the largest owner of U.S. radio stations, has secured a temporary restraining order from a state court in Texas rescinding notices of default it received from a small number of its senior creditors. The San Antonio, Texas-based company has been battling with creditors, a group made up mostly of hedge funds, after it moved Clear Channel Outdoor Holdings shares to another subsidiary, Broader Media.