Certain lenders and noteholders of iHeart Media on Monday said John Malone’s Liberty Media proposed to buy a 40% stake in a restructured version of iHeart for $1.16 billion. The offer comes less than a month after struggling radio station owner iHeart skipped a $106 million interest payment, triggering a 30-day grace period to buy more time to restructure its $20 billion debt and avoid bankruptcy.
Radio hasn’t historically been the first stop for candidates seeking voters. But for the 2016 election cycle, iHeartMedia is looking to get a bigger chunk of political ad dollars by stealing share from TV, leaning on data and targeting to drive spending its way.
NBC will release the new show’s first episode on the Clear Channel digital platform and app (as well as NBC’s own website and app, Hulu, Xfinity and the NBC owned and affiliate station websites and cable, satellite and telco providers On Demand and online services) on Thursday, Aug. 14 — seven weeks before its linear launch on Oct. 2.
The partnership will bring ABC News and entertainment programming to Clear Channel’s new iHeartRadio Talk feature. The deal includes content from ABC News, Nightline, 20/20, This Week with George Stephanopoulos, Good Morning America, Jimmy Kimmel Live and The View.
