Who Does iHeart Owe?

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As part of iHeartMedia’s Chapter 11 Bankruptcy filing, form #204 requires the debtor to file a list of creditors who have the 30 largest unsecured claims. Of the 30 on iHeart’s form, in addition to the three senior noteholders that make up about $2 billion, there are seven radio companies owed north of $20 million, much of it classified as “trade payable.”

Nielsen is owed over $20 million. Here’s a list of some of the companies you’ll be familiar with, and what’s owed to them.

Nielsen $20.8 million

Beasley Media (Trade payable) $1.5 million
Cumulus (Trade payable) $5.6 million
Cox Enterprises $5 million (Contract counterparty)
CBS (Trade payable) $3.3 million
Hubbard Broadcasting (Trade payable) $2.375 million
Univision (Trade payable) $1.6 million
Urban One (Trade payable) $1.4 million

ASCAP (Licensing fees) $1.5 million
BMI (Licensing fees) $1.427 million

Adswizz (Trade payable) $1.86 million
Futuri Media (Trade payable) $1.2 million
Spotify (Trade payable) $2 million
Sun & Fun Media (Trade payable) $1.1 million

GMR (Licensing fees) $2 million
SoundExchange — (Royalty fees) $6.427 million
UMG (Royalty fees) $1.3 million
Warner Music Group (Estimated royalty fees) $3.9 million

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