New York Post: Restructuring iHeartMedia’s $21 billion in debt isn’t getting any easier for CEO Bob Pittman. A senior lender to the country’s largest radio station owner said he would prefer the company goes bankrupt than take Pittman’s latest restructuring offer. “The proposal they are making is a non-starter to me,” he said, referring to iHeart’s request that he take a haircut on the interest rate, plus wait an additional year to get paid.