iHeart Files Monthly Income Report


As part of its bankruptcy proceeding, iHeartmedia filed a monthly operating report which showed the company revenue was $329.5 million for September. In August revenue was $299.4 million and in July it was $281.1 million. Operating income was $62.4 million in September and net income came in at $11.9 million. iHeart is hoping to come out of bankruptcy later this year with less than half of the $20 billion in debt the company had before it entered bankruptcy.


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