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#	AUTHOR DATE SUBJECT
16	member 6/08/24 10:04AM Revisit
Creditor groups and advisors being aggregated. Things are about to go down. Any new opinions on the credit/whats to come? view available tags
15	member 5/10/24 10:46AM What a call!
That earnings call was weird... not a single analyst in Q&A? Unsecured bonds are now trading like the equity. Results didn't seem bad enough to me to warrant the price action on those bonds. No comment on view available tags
14	member 4/16/24 9:46AM Comps
view available tags
13	member 4/15/24 9:59AM Re: Re: Re: audacity datapoint; unsecureds 12
I will reach out to the company to verify if a cap does exist. I don't see it in the indenture. Will let you know. No argument here. Rome wasn't built in a day, but the... login to read the rest view available tags
12	member 4/10/24 1:05PM Re: Re: audacity datapoint; unsecureds 10
I now see where I got the idea of a cap on the unsecureds. I didnt read it in a filing. it was on the prior posting on VIC by altaloma. he mentioned it in... login to read the rest view available tags
11	member 4/10/24 11:17AM Re: Radio 2
I thought it might be helpful to attach this article that just dropped today. I hope it addresses some of the issues you pointed out in your comment: Linear TV Is 'Not Coming Back' While Radio... login to read the rest 1 view available tags
10	member 4/10/24 11:00AM Re: audacity datapoint; unsecureds 9
I will go back and look to see if I am comparing apples to oranges, but there isn't a lot of political rev in Q2. In 2020 Q2, political revenues were approximately $12 million. Street... login to read the rest view available tags
9	member 4/08/24 11:36AM audacity datapoint; unsecureds
Isn't the comparison with the audacity verbiage apples-to-oranges? The Q2 guide from IHRT was ex-political, whereas the audacity language is total (i.e., including political)? On the buying of the unsecureds, wasn't there a cap on what view available tags
8	member 4/08/24 10:40AM Re: Insider buying in Radio is traditionally a poor signal 3
Entercom was something like 14x levered when they went bk in January. They were also reckless in buying their way into podcasting. The five-year post COVID death march for broadcast radio explained in my write-up... login to read the rest view available tags
7	member 4/08/24 10:38AM Re: Re: Insider buying in Radio is traditionally a poor signal 4
Crazy, right? He went crazy buying into podcasting at peak multiples. IHRT did a decent sized deal in 2018 before the rush and their $230 million deal for Triton was done at a "low teens... login to read the rest 1 view available tags
6	member 4/08/24 10:28AM Re: Radio 2
It is helpful then to understand that radio is a huge benefit to the podcasting business. How did they become the biggest podcast company in the world? They have used their broadcast radio assets to... login to read the rest 1 view available tags
5	member 4/08/24 10:16AM Re: Unsecured notes 1
That of course is up to you. However, there is a lot of debt maturing between now and then, and your recovery could be enhanced by such a deal if they aren't able to roll... login to read the rest 1 view available tags
2	member 4/05/24 3:53PM Radio
I love a good melting ice cube play but you seem to be in denial that this is one. May work out great but if you talk to anyone under 25, they likely don't even understand... login to read the rest 3 view available tags
1	member 4/05/24 2:27PM Unsecured notes
Thanks for the write-up. "Given the current discount price of 55 cents, there is $412 million of discount available to chop up in some form of exchange offer. I would propose something like a new note... login to read the rest 4 view available tags

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			2024	2025
Price:	2.00	EPS	0	0
Shares Out. (in M):	150	P/E	0	0
Market Cap (in $M):	300	P/FCF	0	0
Net Debt (in $M):	4,860	EBIT	0	0
TEV (in $M):	5,190	TEV/EBIT	0	0

Description

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