On January 26, Nassau, Bahamas-based Honeycomb Investments Ltd. (now named the Global Media & Entertainment Investments Trust) snapped up a total of 9,631,329 shares of iHeartMedia stock.
This gave the entity 8.8% attributable interest in iHeartMedia, leading sleuths to connect one of the key individuals involved in the investment to one of the biggest commercial radio station owners in Great Britain.
Now, this company that boasts such brands as Heart, Capital, Radio X, LBC, Gold and Classic FM wants a greater stake in iHeartMedia. And, its Washington-based counsel has written to the FCC to advance regulatory approval for the purchase.
