IHeartMedia

iHeartMedia Files for Bankruptcy with $20 Billion Debt - Conservative Radio Empire Collapses Under Leveraged Buyout Burden

2018-03-15 00:00:00 +0000 UTC | Importance: 8/10

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 +1 more media-consolidation bankruptcy leveraged-buyout private-equity conservative-media +3 more

Bain Capital and Thomas H. Lee Partners Complete $26.7 Billion Clear Channel Leveraged Buyout - Creating Debt Crisis

2008-07-24 00:00:00 +0000 UTC | Importance: 9/10

On July 24, 2008, Bain Capital and Thomas H. Lee Partners completed a historic $26.7 billion leveraged buyout of Clear Channel Communications, the nation’s largest radio broadcaster with over 1,200 stations. The transaction, led by Bain Capital (founded by Mitt Romney in 1984), loaded the …

Bain Capital Thomas H. Lee Partners Clear Channel Communications iHeartMedia Mitt Romney +1 more media-consolidation private-equity leveraged-buyout regulatory-capture debt-loading +3 more