iHeartMedia Agrees to Split from Clear Channel Outdoor Holdings

According to Bob Pittman, CEO of iHeartMedia, following the split, both companies will finally achieve their individual misions. But what does that mean, exactly? Several months ago, iHeartMedia, under the weight of over $20 billion in debt, filed for bankruptcy. The bankrupt company owed a massive amount to organizations tasked with paying royalties for radio […] The post iHeartMedia Agrees to Split from Clear Channel Outdoor Holdings appeared first on Digital Music News.