Court Stroud, writing for Media Life:

And it has glam, lots of glam. Look no further than the iHeartRadio Music Festival and other live events that draw thousands upon thousands of celebrants and endless media excitement.

But for all that glam, iHeart is a deeply troubled company. In fact, iHeartMedia is teetering on collapse. It’s not a question of whether it collapses but when, and it’s likely to come sooner rather than later. It could be within months.

What’s going to sink iHeart is its huge debt, some $21 billion. That’s more than the entire radio industry generates in ad dollars in a given year, and it’s a debt iHeart appears to have zero prospects of paying off.

As of June 3, 2015, its stock was valued at $7.50; yesterday it closed at $1.01.

Wow. I had no idea. iHeartMedia is a massive company. Internet radio platform iHeartRadio is just one piece of the puzzle. It’d be sad to see this fall apart.