It’s no secret that iHeartMedia is a company that John Malone would likely like to own outright — if all of the Wall Street chatter is in any way accurate.
His Liberty Media has a formidable stake in iHeartMedia. And, it has just holds millions of Class B common stock convertible into Class A iHeart shares in addition to hundreds of thousands of special warrants allowing to purchase additional Class A stock over the next 60 days.
Put it all together, and close to 1 in 10 outstanding Class A shares belong to Liberty Media.
