The report, first highlighted by music industry publication Music Business Worldwide, is publicly viewable, and the language that casts doubt on the future of one of the largest and most important names in the business. Also, according to Hoovers, the firm's net income, which is still negative, is headed in the right direction. iHeart ended 2015 with a loss of $754 million, while that figure dropped to a loss of just under $300 million last year. Sure, there are some positive moments, and the company has been pushing forward and launching plenty of new, exciting initiatives, but all is not well. A representative for the company wouldn't comment on the filing, but the language it released on its own seems to be clear enough.

Source: Forbes April 27, 2017 12:06 UTC