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# iHeartMedia, Largest Owner Of Radio Stations In US, Admits It May Not Survive The Year
- URL: https://www.hypebot.com/iheartmedia-largest-owner-of-radio-stations-in-us-admits-it-may-not-survive-the-year/
- Published: 2017-04-24T09:00:00.000Z
- Updated: 2017-04-24T09:00:00.000Z
- Description: Struggling under the weight of $20 billion in debt, broadcast radio conglomerate iHeartMedia has admitted to investors that it may not survive 2017.
- Author: Bruce Houghton
- Tags: Music Business, Radio & Satellite, Streaming, Corporate bond, Daewoo Shipbuilding & Marine Engineering, Debt, Debt restructuring, iHeartMedia, iHeartRadio, IHeartRadio Music Festival, Korea Development Bank, Reuters, South Korea, #wp, #wp-post, #Import 2026-01-21 10:13

[![image from www.telematicsnews.info](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d27aee57970c-200wi "image from www.telematicsnews.info")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d27aee57970c-popup?ref=hypebot.com)Struggling under the weight of $20 billion in debt, broadcast radio conglomerate iHeartMedia has admitted to investors that it may not survive 2017\. 

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[![image from pbs.twimg.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8f095da970b-300wi "image from pbs.twimg.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8f095da970b-popup?ref=hypebot.com)Late last week iHeartMedia announced that its next quarterly report to investors will include a warning “as to our ability to continue as a going concern” over the next 12 months. The company also reported a 2.4% decline in revenue over the previous year.

Adding to their woes, a group of key lenders are reportedly banning together to block any debt restructuring, according to Reuters. The "going concern" warning could be a ploy designed to encourage investors to be more flexible. iHeartMedia needs over 50% of the debt holders to approve a debt swap to complete a proposed restructuring. All of that bad news pushed iHeartMedia stock down almost 5% on Friday.

[![image from mms.businesswire.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d27af310970c-400wi "image from mms.businesswire.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d27af310970c-popup?ref=hypebot.com)

iHeartMedia owns 850 stations that reach more than 110 million listeners every week, and 245 million every month. The company is also a major player in online broadcasting with iHeartRadio. It recently launched a paid subscription music service in conjunction with Napster. 

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