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# iHeartMedia Admits It Has No Deal With $20B In Creditors, Bankruptcy Deadline Looms
- URL: https://www.hypebot.com/iheartmedia-admits-it-has-no-deal-with-20b-in-creditors-bankruptcy-deadline-looms/
- Published: 2018-03-12T13:17:32.000Z
- Updated: 2018-03-12T13:17:32.000Z
- Description: iHeartMedia admitted in a Monday morning SEC filing that is has been unable to come to terms with its $20 billion in creditors despite weeks of negotiations.
- Author: Bruce Houghton
- Tags: Music Business, Radio & Satellite, Streaming, DIY, DIY musicians, iHeartMedia, iHeartRadio, indie, music, musician, musicians, radio, #wp, #wp-post, #Import 2026-01-21 10:05

[![deal](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e1e0be970c-200wi "deal")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e1e0be970c-popup?ref=hypebot.com)iHeartMedia admitted in a Monday morning SEC filing that is has been unable to come to terms with its $20 billion in creditors despite weeks of negotiations. Unless an agreement is reached or the creditors grant another extension by 11:59 CST today, Monday 3/12, the countries biggest radio group would be forced to declare the bankruptcy of its 855 radio stations, iHeart streaming service and other properties, as early as Tuesday. [![Iheartmedia](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e1e0ca970c-200wi "Iheartmedia")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e1e0ca970c-popup?ref=hypebot.com)No agreement has been reached, " states a new iHeartMedia SEC filing. "…There can be no assurances that a consensual transaction or any agreement will be reached."Read the full SEC filing [here.](http://content.iheartmedia.acsitefactory.com/sites/g/files/cxvnva216/files/investor%5Fdocuments/files/2018/03/ihcomm-form-8-k-3-12-2018-12121413.pdf?ref=hypebot.com)

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