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iHeartMedia files for Chapter 11 bankruptcy, cutting $20 billion debt load in half

iHeartMedia has filed for Chapter 11 bankruptcy. The radio station operator, the biggest in the United States, has reached a deal with its creditors that will reduce its debt burden by about half to roughly $10 billion. It made the filing in the late hours on Wednesday, March 14, after several extensions and last-minute negotiations. Continue Reading

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Webcast listening steady in December; leaders led (Triton Webcast Metrics)

In the December report of Triton Digital’s Webcast Metrics Top 20 Ranker, overall stream listening remained steady from the previous month. The three leaders — Pandora, Spotify, and iHeartRadio — each gained a single percentage in Average Active Sessions (Triton’s AAS metric). Spotify continued its chase of Pandora. Continue Reading

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Updated iHeartRadio Canada app brings together more radio, podcasts, and Sonos

iHeartRadio Canada has unveiled an enhanced version of its app that adds support for several more compatible platforms. The free service is now available on Apple Watch, Apple CarPlay, Android Wear, and Android Auto. It has also been made available for Sonos wireless speakers. iHeartRadio Canada said more platforms will be announced in the coming weeks. Continue Reading