For Wall Street, iHeart On The Right Path


While the radio industry has been vociferous in its negative reaction to widespread job cuts in the programming and on-air realms at the nation’s No. 1 owner of AM and FM stations, Wall Street has sung a different tune.

The slicing of employee salary and benefits at a company with $5.75 billion in debt is perhaps a good thing. As such, iHeartMedia stock is at a post-bankruptcy high.

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