It’s earnings season, yet iHeartMedia has been mum with respect to the release of its Q4 and year-end 2017 earnings report. A release date, and subsequent conference call for investors and Wall Street observers, may be contingent on what the company does to reach a deal with its lenders on a restructuring plan.
Based on information released Monday (2/26), Liberty Media Corp. appears ready and willing to work with iHeart’s creditors on a restructuring term sheet that would involve a big stake in the company.
