From the story here:
Concurrently, iHeartRadio’s parent company, iHeartMedia, is heading to court, teetering on bankruptcy. The once-dominant radio behemoth is saddled with $20 billion in debt, thanks to a misguided leveraged takeover engineered by Bain Capital in 2008, the same year the radio giant inked its disastrous Limbaugh deal. ... “It’s not a question of whether it collapses but when, and it’s likely to come sooner rather than later,” suggested Media Life. “It could be within months."
