iHeartMedia Gets 60 Days to Pay Back $6 Billion in Loans

New York Post: The country’s No. 1 radio station owner has dialed up another headache. Senior lenders claimed that money-losing iHeartMedia tripped some loan covenants when it moved stock of a wholly owned subsidiary outside of the reach of the lenders. The creditor group is giving the San Antonio-based operator of 850 stations 60 days to make things right.