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# iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy
- URL: https://www.hypebot.com/iheartmedia-stock-fell-24-monday-as-radio-streaming-giant-flirts-with-bankrupcy/
- Published: 2017-04-25T08:45:00.000Z
- Updated: 2017-04-25T08:45:00.000Z
- Description: iHeartMedia stock fell 23.64% to $2.04 Monday after the company admitted to shareholders that it might not survive the year.
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Radio & Satellite, Advertising, Alexa Internet, Amazon Echo, Amazon Music, Amazon.com, iHeartMedia, iHeartRadio, IHeartRadio Music Festival, Napster, Reuters, #wp, #wp-post, #Import 2026-01-21 10:13

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8f14719970b-200wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8f14719970b-popup?ref=hypebot.com)iHeartMedia stock fell 23.64% to $2.04 Monday after the company admitted to shareholders that it might not survive the year.

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[![iheartmedia logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09946bdf970d-300wi "iheartmedia logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09946bdf970d-popup?ref=hypebot.com)

iHeartMedia stock dropped $23.64% Monday, after the company shared 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.The stock has already fallen almost 5% on Friday.The broadcast radio and streaming giant is struggling under $20 billion in debt, and 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. 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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