IHeart’s Debt Collapses, Shares Sink 67% After Big Earnings Miss

IHeartMedia Inc. shares fell 67 percent after the company reported earnings that fell below analyst estimates. The company's debt rating declined following the earnings announcement. IHeartMedia is an audio-entertainment company with operations in radio and digital audio platforms.

• Bloomberg — IHeart’s Debt Collapses, Shares Sink 67% After Big Earnings Miss

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