IHeart’s Debt Collapses, Shares Sink 67% After Big Earnings Miss
· bloomberg.com · popularity 46/100 · 0 similar stories today · Corporate News & M&A (Business & Finance)
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Summary
IHeartMedia Inc.’s debt has plunged to record lows along with its shares after the audio-entertainment company’s latest earnings projections fell far short of analyst estimates.
Found in: Bloomberg, Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 2 feeds; listed 2 times; feed position 11.