iHeartMedia’s Debt Refinancing Faces Static As Radio’s Prospects Weaken

The debt weighs heavily at a time when radio broadcasters are losing listeners to streaming services including Pandora and Spotify. That’s put pressure on ad sales: U.S. radio was down 3.1% to $14 billion in 2016, and will drop 3.4% to $13.5 billion in 2017, Magna Global forecasts. – David Lieberman, Deadline Hollywood http://ift.tt/2hzMdOc