Who owns iheartradio

The company came to terms with its senior lenders just hours before filing for bankruptcy, company treasurer Brian Coleman said in court papers filed Thursday. IHeart has its own streaming service. IHeart and Pandora, meanwhile, could share advertising technology and sales forces, Maffei said. About million people in the U. IHeart countered with its own streaming services and a live-events business offering concerts and awards shows. Bain Capital and Thomas H.

The bankruptcy caps a yearlong standoff with lenders and bondholders on its latest debt-cutting plan. The deadline was extended more than 20 times as negotiators exchanged proposals and iHeart sweetened the terms. The current attempt at an accord followed at least a dozen debt revisions over the past decade.

Bloomberg delivers business and financial information, news and insight around the world. Malone, 79, is the Chairman of the Board and founder of Liberty Media. In a tweet, Public Citizen called the merger "Insane corporate concentration. He already controls Sirius XM and Pandora. Insane corporate concentration.

Explaining that a company like Pandora is different from a service like Spotify, which offers music on-demand, Harman compared Pandora to its parent company SiriusXM, as programming decisions are made by the company rather than the listener. If that means further growth and correlation of power or excluding those who don't fall in line or those who don't do as well in their homogenous vision of a music format," Harman told Newsweek. Unfortunately for radio listeners, a large company takes a lot of say in programming out of listeners' hands.

You turn on the radio, and ideally you have different formats, but even in different formats you do have a responsiveness to [listeners]—historically, you could call into your DJ and say, 'I'd like you to play X,Y, and Z. TTWN reaches more American commuters than any other network. Visit TTWNetwork. Visit katzmedia.