AP NEWS

iHeart names post-bankruptcy board

November 16, 2018

San Antonio-based iHeartMedia Inc. named seven people to serve on its board of directors upon its emergence from Chapter 11 bankruptcy.

The nation’s largest radio station owner in March filed for reorganization to keep its crushing debt under control and creditors at bay.

The company announced its Chairman and CEO Bob Pittman will continue to serve as the board’s chairman.

The others who will serve on the board are:

Jay Rasulo, former chief financial officer for Walt Disney Co. He will serve as the lead independent director.

Gary Barber, former chairman and CEO of Metro-Goldwyn-Mayer Inc., also known as MGM.

Rich Bressler, iHeart’s president, chief operating officer and CFO.

Brad Gerstner, founder and CEO of Altimeter Capital, an investment firm focused on the internet, software and travel.

Sean Mahoney, a private investor.

Kamakshi Sivaramakrishnan, founder and CEO of Drawbridge, which designs quantitative algorithms for numerous areas.

The current board will remain in place until iHeart exits bankruptcy. The company owns more than 850 radio stations in 150 U.S. markets. It also owns 90 percent of Clear Channel Outdoor Holdings, the San Antonio billboard giant.

Patrick Danner is a San Antonio-based staff writer covering banking and civil courts. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | pdanner@express-news.net | Twitter: @AlamoPD

AP RADIO
Update hourly