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iHeartMedia, Inc.

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Case Number:

4:18-bk-31274

Court:

Texas Southern

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  1. January 22, 2019

    IHeartMedia Gets Court's Stamp Of Approval On Ch. 11 Plan

    A Texas bankruptcy judge on Tuesday confirmed iHeartMedia Inc.'s plan to reorganize and shed more than $10 billion in funded debt, paving a path for the broadcast media giant to emerge from Chapter 11 proceedings untethered from its billboard subsidiary.

  2. January 18, 2019

    IHeartMedia Clears Ch. 11 Path With Legacy Noteholder Deal

    IHeartMedia Inc. has inked a deal with a contingent of its legacy holders who had protested the radio broadcast giant's bid to emerge from Chapter 11 in Texas, giving them $4 million in fees and allowing $544 million in legacy note claims.

  3. November 21, 2018

    IHeartMedia Looks To Re-Up Ch. 11 Worker Bonus Plan

    IHeartMedia Inc. has asked a Texas bankruptcy court for authorization to continue performance incentive plans that could pay company employees up to $82 million in 2019 as the radio giant tries to reorganize under Chapter 11.

  4. October 22, 2018

    IHeartMedia Asks Ch. 11 Judge To Approve Fee Examiner

    IHeartMedia Inc. asked a Texas bankruptcy court on Friday to approve a fee examiner who has been in place since the beginning of the month, making sure requests for payment are reasonable as the radio broadcast giant continues efforts to restructure more than $16 billion in funded debt.

  5. September 20, 2018

    IHeartMedia Gets OK To Solicit Creditor Votes On Ch. 11 Plan

    A Texas bankruptcy judge issued an order Thursday approving the disclosures and solicitation materials for iHeartMedia Inc.'s Chapter 11 plan, which is expressly opposed by the broadcast media giant's unsecured creditors and has faced challenges from federal authorities.

  6. September 05, 2018

    SEC Objects To IHeartMedia's Proposed Ch. 11 Plan Releases

    The U.S. Securities and Exchange Commission slammed the "overly broad" third-party releases contained in iHeartMedia's proposed Chapter 11 plan on Tuesday, saying the provisions would improperly prevent whole swaths of stakeholders from suing the debtor's directors and affiliates for outright fraud or negligence later on.

  7. July 09, 2018

    IHeartMedia Defends Bid To Retain 2 Ch. 11 Financial Advisers

    IHeartMedia on Monday asked a Texas bankruptcy court to reject creditor objections to its request to retain a pair of financial advisers, saying the requested fees are reasonable considering the size and complexities of the the radio broadcast giant's Chapter 11 case.

  8. June 21, 2018

    Liberty Withdraws $1.16B Offer For 40% Of IHeartMedia

    Liberty Media has taken a much talked-about $1.16 billion offer for a 40 percent slice of iHeartMedia off the table, according to a Thursday court filing, leaving the bankrupt radio giant with no outside funding source as it seeks to cut $10 billion from its swollen balance sheet.

  9. June 20, 2018

    IHeartMedia Beats US Trustee's Objection To Exec Bonuses

    A Texas bankruptcy court Tuesday approved iHeartMedia Inc.'s plan to pay a dozen of its top executives up to $25 million in bonuses for 2018, overriding an objection by the U.S. Trustee's Office.

  10. June 15, 2018

    US Trustee Slams IHeartMedia Executive Bonuses

    The U.S. Trustee on Thursday asked a Texas bankruptcy court to reject iHeartMedia Inc.'s plan to pay its top executives up to $25 million in bonuses, saying the company has failed to show the plan's performance goals are a challenge or how the executives would help reach them.

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