{"id":14831,"date":"2016-04-06T07:56:23","date_gmt":"2016-04-06T11:56:23","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=14831"},"modified":"2016-04-06T07:56:23","modified_gmt":"2016-04-06T11:56:23","slug":"ihearts-time-is-up","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=14831","title":{"rendered":"iHeart&#8217;s time is up"},"content":{"rendered":"<p>A month ago, creditors filed a notice of default for allegedly violating the terms of the loan agreements.   A friendly judge in Texas gave iHeart 15 days to resolve the issue, and another 15 day extension.  iHeart broke off negotiations and has not satisfied the creditor concerns.<\/p>\n<p>That means the 60 day countdown to default has started.  If this isn&#8217;t resolved, $12 billion will become immediately due, which will trigger the other $10 billion to also become in default.<\/p>\n<p><a href=\"http:\/\/www.chicagotribune.com\/news\/sns-wp-blm-iheart-2507df1c-fb59-11e5-813a-90ab563f0dde-20160405-story.html\">Chicago Tribune coverage<\/a><\/p>\n<p>The clock is ticking.   Meanwhile CBS is moving forward with the idea of doing an IPO to spin off CBS Radio to shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A month ago, creditors filed a notice of default for allegedly violating the terms of the loan agreements. A friendly judge in Texas gave iHeart 15 days to resolve the issue, and another 15 day extension. iHeart broke off negotiations &hellip; <a href=\"https:\/\/streamingradioguide.com\/startingover\/?p=14831\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139,137],"tags":[],"class_list":["post-14831","post","type-post","status-publish","format-standard","hentry","category-cbs","category-clear-channel"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/14831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14831"}],"version-history":[{"count":1,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/14831\/revisions"}],"predecessor-version":[{"id":14832,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/14831\/revisions\/14832"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}