As a pro-free marketer, I am not concerned.
They have a valuable product, but might have found the right way to market that product at a profit. If they fail, the next entrepreneur will come along to try a new idea, eventually someone wil find the right way.
Btw, does Rupert Murdoch own iheart? The same guy whose print mogulity is shaky, who also owns Fox?
No, it’s owned by Bain Capital and Thomas H. Lee. Debt holders have taken them to court.
http://www.medialifemagazine.com/coming-the-collapse-of-radios-iheartmedia/