IHeartMedia Bankruptcy About to Happen

iheartmedia bankruptcy

IHeartMedia Bankruptcy

This weekend, IHeartMedia bankruptcy is about to finally happen. What is IHeart Radio? It’s the largest radio broadcaster in the United States. What is radio? That’s a different question. Ask your grandparents.

There’s speculation the broadcaster will file Chapter 11 this weekend. It won’t necessary end all the radio stations. It’ll just give the business a chance to restructure, kind of like a Chapter 13 bankruptcy, but a lot bigger.

With Sirius XM satellite, iTunes downloads, Spotify and Pandora streaming, music is delivered very differently — and more fragmented — than the old days of Radio Gaga. Think of it: music delivery has gone from CDs to mp3s to streaming apps on our phone. And that’s just the last 10 years. Radio is what you listen to for updates there’s a weather disaster or can’t get iTunes to load.

It’s a new world, and businesses need to adapt. The IHeartmedia bankruptcy shows that very lesson.

Leave a Reply

Your email address will not be published. Required fields are marked *