iHeartMedia Future at Stake Amid Risk of Bankruptcy

San Antonio Express-News: Buried in more than 1,700 pages of litigation filed between iHeartMedia and a group of its investors, who say the company technically defaulted on its debt, is a startling revelation. If the investors prevail, that could accelerate payments on $6 billion of the company’s bonds and lead to a cascading of events that “could ultimately force iHeart to file for bankruptcy,” the company said.