A nearly two-year long battle between iHeartMedia Inc. and a bondholder group led by Franklin Resources Inc. is coming to a head in the wake of the company’s proposal of a sweetened offer. A resolution to the standoff could allow iHeart to avoid bankruptcy. In its battle to win over bondholders who hold the key to its fate, iHeart Communications has signed up a group of funds led by Eaton Vance Investment Management, Symphony...

Source: Wall Street Journal July 19, 2017 23:26 UTC