Bankrupt iHeart Media Steals From Artists To Pay Executive Bonuses

"Against a backdrop of massive debt, the company’s Board of Directors recently approved the Key Incentive Plan. So much for the $2 billion private equity owners lost. Oh, and the millions iHeartMedia still owes multiple artists, PROs, and labels. Now, the radio and online broadcaster has filed a new motion. No, not to pay back artists. Nor even to finally present the court with a viable business plan to get out of bankruptcy. No, of course not. The radio and online broadcaster wants a court to approve $108 million in bonuses, dubbed the ‘2018 Incentives Plan.’"