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As part of the 8K filing, it was revealed that, on June 22, the iHeartMedia debt holders offered an interest rate cut of "To Be Determined" and extend the maturity by a year to 2020. They also wanted to be assured their investments would be paid back if iHeartMedia failed to pay some of its unsecured bonds, including those due in 2018. On Monday, iHeart sent debt holders a counter. The company wanted the interest rate cut by 75 basis points and a one year extension.

In an 8K filed with the Securities and Exchange Commission Tuesday, iHeartMedia said there is a "significant gap" in the negotiations between the company and debt holders, including those debt holders iHeart recently won a court case against, in finding alternatives to iHeart's existing senior secured debt and that iHeart is now "assessing whether it will continue discussions."

Dominic Salvia co-hosts a show called Devil's Advocate, with Mike Crute in iHeart's The Mic (92.1) in Madison, WI. JSonline has the details about the $75,000 taxpayers will have to fork over to the host after his arrest three years ago. Salvia's settlement with Attorney General Brad Schimel and Gov. Scott Walker was reached after the host accused the government of violating his free speech.

(This story has been updated with a statement from the company.) WTIC-FM host Gary Craig uploaded a video to YouTube last weekend that caught the eye of the City's Mayor who called it racist. According to The Hartford Courant, Craig was walking around the Latino Fest on the riverfront when he recorded himself saying some things that offended city officials.

50,000-watt KTRB, which now carries ESPN Deportes, covers the San Francisco metro and includes the embedded metros of San Jose, Sacramento, and Modesto, will become News Talk 860 AM The Answer over the 4th of July weekend. Salem will operate the station through an LMA with Susan Uecker.

Pacific Lutheran University and non-profit group The Friends of 88.5 FM announced on Tuesday they have reached an agreement that will allow the group to take ownership of the station.

That's what JVC Media is heading toward at its Country outlet WTRS in Gainesville-Ocala. The company says the station will evolve its Country format into a custom music mix of Country and Southern Rock as US 102-3 – The Crossroads of Country and Rock. The new WXUS will sign on Wednesday June 29 at 10 a.m. Check out a promo for the station HERE

(By Ronald Robinson) Recent articles were provided by a number of well-known coaches and consultants – guys who enjoy some serious credibility. A number of principles and suggestions were offered on how to approach and treat radio’s talent – those who are slaving over hot microphones at local stations.

Mark Ramsey is out with his latest episode of Media Unplugged with Tom Asacker. Ramsey says ad blocking is exploding with nearly one out of three Web users in the US using an ad blocker. So, he asks, "What do we do about it?" Then, like only Ramsey can, he offers up some answers. LISTEN HERE

(By Loyd Ford) Going in the opposite direction to your instincts is difficult, but you can do it if you want to attract and engage others well. This column is about creating impact with your social media content, and to do that we are going to look at how you focus on others.