iHeartMedia, Creditors Reach Debt Restructuring Impasse

Associated Press: One of the world’s largest radio and billboard companies says it may have reached an impasse in its efforts to persuade creditors to restructure its massive debt. iHeartMedia warned this past week in a filing with the Securities and Exchange Commission that a “significant gap” persists between company proposals for extending its timetable to pay the debt and what creditors have proposed.