WEST PALM BEACH, FLA. — Six days ago, executives at one of the nation’s most visible media companies finally reached the end of a lengthy, winding path riddled with more than a few potholes.
The Honorable Marvin Isgur, a U.S. Bankruptcy Judge since February 1, 2004, serving the Southern District of Texas, put his signature on a 210-page redlined version of iHeartMedia‘s reorganization plan, putting the No. 1 owner of radio stations and the parent of the iHeartRadio brand on the fast-track to its emergence from debtor-in-possession status.
What’s next for iHeart? The Global Head of Restructuring Data at Debtwire has some thoughts.