By MacRumors Staff

iHeartMedia Articles

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New Details on Apple's Negotiations With iHeartMedia Surface

Thursday November 29, 2018 8:25 pm PST by
Earlier this month, Financial Times reported that Apple had held talks with U.S. radio company iHeartMedia regarding the possibility of Apple taking a financial stake in the struggling radio company that filed for bankruptcy earlier this year. Despite its financial troubles, iHeartMedia remains the largest radio station owner in the country with over 850 AM and FM stations. Financial Times...
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Apple in Talks to Buy Stake in U.S. Radio Group iHeartMedia

Thursday November 1, 2018 3:22 am PDT by
Apple has held talks with iHeartMedia to buy a stake in the U.S. radio company, according to a new Financial Times report citing people familiar with the matter. iHeartMedia is currently $20 billion in debt, with audiences gradually turning away from radio in favor of digital music services like Spotify, Apple Music, and Pandora. The radio group filed for bankruptcy in March, and has been in ...