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Activist Client Global Media & Investment Ltd. Seeks FCC Approval to Buy up to 49.99% of IHeart Media Inc.

March 16, 2021

Bloomberg reported that activist investor and Olshan client Global Media & Investments Ltd. is seeking FCC approval to increase its holdings in IHeart Media Inc., the biggest owner of radio stations in the U.S., to as much as 49.99% from its current 8.7% stake. Partners Adam Finerman and Ron Berenblat represent Global Media & Investments Ltd. in connection with its investment in IHeart Media Inc.

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