No interest from iHeart.

As iHeartMedia slides further toward bankruptcy, the company has told the Securities and Exchange Commission (SEC) that its Board Of Directors has elected not to make nearly $60 million in interest payments due on March 1, noting in the SEC filing, “As active discussions continue among its lenders, noteholders, and financial sponsors regarding a comprehensive debt restructuring. . .iHeartCommunications has a 30-day grace period to make the interest payments before such default triggers an event of default.” Meanwhile, the company also filed notice that it has approved roughly $15.5 million in 2018 executive bonuses for Chairman/CEO Bob Pittman ($9.3 million), President/COO/CFO Richard Bressler ($5.3 million), and EVP/Secretary/General Counsel Robert Walls ($900,000).