iHeartMedia: High Debt & A Declining Core Business (NASDAQ:IHRT)
avdyachenko iHeartMedia (NASDAQ:IHRT) emerged from bankruptcy in July 2019. Since then, IHRT has proved a very disappointing investment as shares have delivered a total return of -85.6%. The S&P 500 has delivered a total return of 63.5% during the same period. IHRT has experienced secular declines in its core radio broadcasting business which has also…
