Poor iHeart (f/k/a Clear Channel): they haven't had any takers on their latest attempt to swap debt, so they've extended the deadline for offers until April 21st. Maybe it's time for iHeart to start selling off some radio stations/licenses to increase its cash flow and lighten its debt load, like the one for KWDZ 910 AM which has been mostly dormant for two years. Hey, it worked for Cumulus, and the alleged buyer for KFNZ actually came to them first!
I don't think selling a mostly forgotten AM in market 29 is going to do much for iHeart's bottom line, although it's probably better than having the station off the air and making no money at all.
Very true, but they need to start somewhere. I think iHeart needs to change their game plan, because their present one clearly isn't working. They must have other radio properties besides KWDZ that are silent or under performing which they can unload for cash. Cumulus' recent sale of both 1230 and 1320 clearly proves that there's a market for licenses that don't come with an antenna and transmitter attached, although I'm still skeptical about the so-called "mystery buyer" for KFNZ. In short, I'll believe it when I see the sale paperwork posted on the FCC web site or something else which proves it's a valid offer.
Last Edit: Apr 8, 2017 13:22:02 GMT -7 by David: grammar