iHeartMedia Files for Bankruptcy with $20 Billion Debt - Conservative Radio Empire Collapses Under Leveraged Buyout Burden
On March 15, 2018, iHeartMedia (formerly Clear Channel Communications) filed for Chapter 11 bankruptcy protection, seeking to restructure more than $20 billion in outstanding debt accumulated from the disastrous 2008 leveraged buyout by Bain Capital and Thomas H. Lee Partners. The bankruptcy filing …
iHeartMedia
Clear Channel Communications
Bain Capital
Thomas H. Lee Partners
Rush Limbaugh
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media-consolidation
bankruptcy
leveraged-buyout
private-equity
conservative-media
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