iheartradio music award
Radio giant iHeartMedia files for Chapter 11 bankruptcy, its apps and events play on
Jenna Dewan Tatum, Laverne Cox, Ashanti, Eve and Iggy Azelea discuss their fashion choices on the red carpet at the iHeartRadio Music Awards. Pharrell Williams and Shay Haley of the band N.E.R.D. perform their song "Lemon" during the 2018 iHeartRadio Music Awards in Inglewood, Calif. The nation's largest radio station operator iHeartMedia has filed for Chapter 11 bankruptcy to shed billions of debt it has been saddled with for more than a decade. The San Antonio-based company, which has more than 850 radio stations, says it will continue to keep operating after reaching an agreement with creditors for more than $10 billion of its $20 billion in debt. That means its popular iHeartRadio streaming radio app, which has 270 million monthly listeners, will continue to be found on smartphones, video game consoles and other devices.