Debt Repayment Move Follows Big Layoffs at iHeart

By
Adam Jacobson
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0
iHeartMedia Chairman/CEO Bob Pittman, recording artist Halsey and iHeart air personality Ryan Seacrest pose after the company's "fireside chat" on driving creativity and success during the June 2017 Cannes Lions Festival in Cannes, France. (Photo by Tony Barson/Getty Images for iHeartMedia)
iHeartMedia Chairman/CEO Bob Pittman, recording artist Halsey and iHeart air personality Ryan Seacrest pose after the company's "fireside chat" on driving creativity and success during the June 2017 Cannes Lions Festival in Cannes, France. (Photo by Tony Barson/Getty Images for iHeartMedia)

It appears the hundreds of air talent and programming executive departures last month at iHeartMedia isn’t the only way the company still coping with billions of dollars in debt is aggressively tackling the matter.


The nation’s No. 1 owner of radio stations on Monday (2/3) prepaid $150 million of debt before it needed to, with cash on hand.

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