Your favorite radio stations aren’t very good at paying bills

The owner of several popular radio stations in Columbus filed for Chapter 11 bankruptcy.

iHeartMedia owns WTVN (610 AM), WCOL (92.3 FM), WODC (93.3 FM), WNCI (97.9 FM), WYTS (105.3 FM), WXZX (105.7 FM) and WZCB (106.7 FM).

iHeartMedia struck up a deal with creditors as a way to restructure their $20 billion of debt. The Dispatch reports the company skipped a $106 million interest payment last month which set into motion a 30-day grace period during which iHeart tried and failed to work out a deal with bondholders.

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