Tuesday, Dec. 11, 2018, will be a very important day for iHeartMedia. On that date is the company’s plan confirmation hearing in a Houston U.S. Bankruptcy Court. If the plan gets judge Marvin Isgur‘s approval, a “new” iHeart will be born. But, what if that doesn’t happen?
It’s a possibility, says a senior legal analyst at financial research firm Debtwire.