The document provides an analysis of the radio broadcasting industry's core revenue performance and guidance. It highlights the industry's challenges, including overall declines in revenue, competition from satellite and streaming services, and excessive debt loads of major players like iHeart and Cumulus. The document also discusses potential restructuring to reduce debt and the impact of the Entercom and CBS Radio merger.
doj/DataSet10/EFTA01385419.pdf
{"title":"HY Corporate Credit - Radio Broadcasting","document_date":"2018-01-03","document_type":"tabular","key_organizations":["iHeart","Cumulus","Entercom","CBS Radio","Deutsche Bank"]}