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iHeartRadio makes billions of dollars in revenue every year, they just can't keep up with their debt payments from the leveraged buyout. Radio ads make plenty o
by guyzero 9y ago
iHeartRadio makes billions of dollars in revenue every year, they just can't keep up with their debt payments from the leveraged buyout. Radio ads make plenty of money and stations aren't really that expensive to run.
edit: to be more specific, in 2016 they had $1.5B of operating income which is great. Too bad they had $1.8B of debt payments.
- 220V_USKettle 9y agoAlso, outdoor advertising is quite profitable as well.
- guyzero 9y agoI think the outdoor advertising arm has been sold off from iHeartRadio. https://www.iheartmedia.com/press/clear-channel-outdoor-holdings-inc-sells-interest-adshel-joint-venture-partner-apn-news-media https://www.iheartmedia.com/press/clear-channel-outdoor-hold...
- dv_dt 9y agoFiling for bankruptcy strongly implies that that can't keep it up...