Author: Dani Deahl
iHeartMedia, the largest radio company in the US, is exploring investments with several companies, including Apple, in advance of filing a reorganization plan with bankruptcy court, the Financial Times reports. The company has $20 billion in debt and filed for bankruptcy protection in March.
Sources tell Financial Times that Apple is one of several investors that have been considered, and iHeartMedia is looking for an equity stake worth tens of millions of dollars. An alternate source suggested that deal could look like a marketing partnership rather than a direct cash infusion into the company.
This could bring Apple Music’s Beats 1 to broadcast radio
If a deal were to come to fruition between Apple and iHeartRadio, Financial Times...
Continue reading…
Continue reading...
iHeartMedia, the largest radio company in the US, is exploring investments with several companies, including Apple, in advance of filing a reorganization plan with bankruptcy court, the Financial Times reports. The company has $20 billion in debt and filed for bankruptcy protection in March.
Sources tell Financial Times that Apple is one of several investors that have been considered, and iHeartMedia is looking for an equity stake worth tens of millions of dollars. An alternate source suggested that deal could look like a marketing partnership rather than a direct cash infusion into the company.
This could bring Apple Music’s Beats 1 to broadcast radio
If a deal were to come to fruition between Apple and iHeartRadio, Financial Times...
Continue reading…
Continue reading...