iHeartMedia skips interest payment as it struggles with $20 bln debt
February 01, 2018 at 11:44 AM EST
Feb 1 (Reuters) - iHeartMedia Inc said on Thursday it had skipped a $106 million interest payment, the first time it has done so, as the largest U.S. radio station owner continues to negotiate with its creditors in search of relief from its $20 billion debt burden.