Cumulus Media Bankruptcy Plan Faces Royalty Challenges
Cumulus Media’s bankruptcy proceedings have hit a snag as objections have been raised concerning the treatment of royalty payments and the release of claims. According...
Tag : Debt Restructuring
Spanish Broadcasting System Files Chapter 11 Bankruptcy
Spanish Broadcasting System (SBS), a prominent player in the Hispanic media landscape, has initiated Chapter 11 bankruptcy proceedings, according to recent filings. The company, which...
Clear Channel restructuring ‘inevitable’-Moody’s
Moody's declares Clear Channel Communications restructuring inevitable due to $16 billion debt burden from 2008 buyout. Radio giant faces critical $13.8 billion debt deadline in...