WarnerMedia 
MTV Networks 
iHeartMedia, Inc. 
iHeartMedia, the debt-burdened radio conglomerate, bowed to the inevitable late on Wednesday (March 14) and filed for Chapter 11 bankruptcy protection.In a statement, the company said it had reached an agreement with the holders of more than $10 billion of its debt."The agreement we announced today is a significant accomplishment, as it allows us to definitively address the more than $20 billion in debt that has burdened our capital structure," CEO Bob Pittman said in a statement. "Achieving a capital...
iHeartMedia, Inc.
Bob
Pittman
Chairman / CEO
This radio wunderkind was programming WNBC in New York while still a teen, then went on to become part of the founding team at MTV before moving on to AOL-Time Warner, Six Flags Theme Parks and Century 21 Real Estate, with a reputation as a fixer. The Jackson, Mississippi, native now seeks to steer the beleaguered radio network through a Chapter 11 filing which listed $12.3 billion in total assets and a whopping $20.3bn in debt. Despite the threats to terrestrial radio from streaming and satellite, iHeart remains formidable as the nation’s biggest radio network, and Pittman has managed to shift its focus to both personalities and music, promoting on-air stars Elvis Duran, Bobby Bones and Charlamagne tha God, while creating the nationally televised iHeartMusic Awards and Music Festival.
