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Lots of Pain in Radio

In the wake of Cumulus Media's ($CMLS) bankruptcy filing, iHeartMedia Inc. ($IHRT) continues to negotiate with its creditors to avoid a similar fate. Choice quote, “'The industry’s best days are behind it, even though it’s going to be around for years,' said Lance Vitanza, managing director and analyst at Cowen Inc." Wait, podcasts aren't the answer?!