Broker Focus In ’17: iHeart, Cumulus Health

By on Aug, 25 2016 with Comments 0

By Adam R Jacobson

Larry-Patricks-Photograph-1As is the case with many other media brokers across the U.S., there aren’t a lot of transactions happening for Larry Patrick, the founder and managing partner of Patrick Communications.

There are the FM translators—small-dollar deals “that will run its course in the next year or so,” Patrick says.

With a gaze on 2017, Patrick believes the radio industry—and the brokers active with radio station trades—are fearful of two major issues that could have far-reaching implications: iHeart Radio’s $20 billion debt and its brooding battle with its lenders, and Cumulus Media own $2 billion payment due to its lenders. 

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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