The parent company of Clear Channel Communications, which owns, among other local stations, WHAS-AM is looking for ways to ease its debt, says Business First.
…the strategies to improve its overall capital structure could include taking on new debt, restructuring its existing credit facilities or exchanging debt with existing holders.
The company said that any proceeds its raises ultimately would be used to refinance existing debt.
Aside from WHAS, the company also owns the following Louisville radio stations:
- Kentucky News Network
- Kentucky Sports Radio
- Total Traffic Network