IHeart – owner of 4 R.I. radio stations – files for bankruptcy with last-minute creditor deal

IHEART MEDIA, owner of four radio stations in the Providence area, has filed for bankruptcy protection. / BLOOMBERG NEWS PHOTO/ANDREW HARRER
IHEART MEDIA, owner of four radio stations in the Providence area, has filed for bankruptcy protection. / BLOOMBERG NEWS PHOTO/ANDREW HARRER
NEW YORK – IHeartMedia Inc., the biggest U.S. radio-station owner, filed for bankruptcy with a plan to halve its debt load of more than $20 billion, the legacy of a leveraged buyout that hobbled the company as the digital era spawned new rivals. IHeart, with about 850 radio stations and 17,000 employees worldwide – including 93.3-FM…
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