Debt Repayment Move Follows Big Layoffs at iHeart


It appears the hundreds of air talent and programming executive departures last month at¬†iHeartMedia¬†isn’t the only way the company still coping with billions of dollars in debt is aggressively tackling the matter.

The nation’s No. 1 owner of radio stations on Monday (2/3) prepaid $150 million of debt before it needed to, with cash on hand.

Please Login to view this premium content. (Not a member? Join Today!)