IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Regulation FD DisclosureItem 7.01.
On June 21, 2018, iHeartMedia, Inc. (the “Company”) and its debtor subsidiaries (collectively, the “Debtors”) filed a revised Disclosure Statement Relating to the Joint Chapter 11 Plan of Reorganization of iHeartMedia, Inc. and its Debtor Affiliates to Chapter 11 of the Bankruptcy Code (the “Revised Disclosure Statement”) with the United States Bankruptcy Court for the Southern District of Texas. Certain projected financial information of the Debtors is set forth in Article V, Section C of the Revised Disclosure Statement. These materials are available at https://cases.primeclerk.com/iheartmedia/.
The information set forth in this Item 7.01 of this Current Report on Form8-Kand in Exhibit 99.1 is being furnished hereby and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filings. The filing of this Item 7.01 shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
About IHEARTMEDIA, INC. (OTCMKTS:IHRT)
iHeartMedia, Inc. is a global media and entertainment company that specializes in broadcast and digital radio, out-of-home, mobile, and on-demand entertainment and information services for national audiences and local communities. The Company operates in three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor). Its iHM segment provides media and entertainment services through broadcast and digital delivery and also includes its national syndication business. Its Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Its other category includes its full-service media representation business, Katz Media Group, as well as other general support services. It has a Smartbike bicycle rental program that provides bicycles for rent to the general public in several municipalities.