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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.