iHeartMedia Business Development Chief Quietly Departs

Reuters: Steve Cutler, an executive who headed business development and corporate strategy at iHeartMedia, the largest U.S. radio station group, is said to have left the company in the fall. IHeartMedia has been struggling to trim its $20.6 billion in debt. In recent weeks, it has been selling billboard assets from its subsidiary Clear Channel Outdoor that could be worth at least $800 million.