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Crippled by falling revenue and piles of debt, radio conglomerate iHeartMedia has filed for bankruptcy.The beleaguered company announced Thursday that it has reached an agreement with creditors and investors to restructure more than billion in debt, about half of what it currently owes investors."The agreement we announced today ... allows us to definitively address the more than billion in debt that has burdened our capital structure," iHeartMedia CEO Bob Pittman said in a statement.The company said it had enough cash to support it through Chapter 11 proceedings.Last year, iHeartMedia flagged "substantial doubt" about its ability to continue as a going concern, as it struggled to get out from under a massive debt load it took on as part of a leveraged buyout of billboard company Clear Channel Outdoor in 2008.Related: Clear Channel changes name to iHeartMediaWhile the San Antonio-based company bills itself as a multi-platform media company, it is best known for operating about 850 radio stations across the United States. It also owns iHeartRadio's music streaming service, a popular concert business, and a majority stake in Clear Channel Outdoor.The company has struggled with falling revenue in recent years, as it competed with streaming rivals like Spotify and Pandora.The bankruptcy filing comes as Spotify prepares for its much anticipated billion listing on the New York Stock Exchange.The-CNN-Wire 1440

COLUMBUS, Ohio — Ohio House Speaker Larry Householder and four of his associates have been arrested on charges in relation to “what is likely the largest bribery, money laundering scheme ever perpetrated against the people of the state of Ohio," one that allegedly involved at least million passed through a 501c4 organization controlled by Householder and other entities for the purpose of passing HB6 in 2019, a law that provided a .5 billion taxpayer bailout to FirstEnergy.U.S. Attorney for the Southern District of Ohio David DeVillers spoke with reporters about the 81-page indictment of Householder and his associates on Tuesday afternoon.-DeVillers alleges that in exchange for million in dark money funneled through a 501c4 named Generation Now, Householder and his co-conspirators furthered the affairs of the enterprise.-Devillers said the scheme was bribery, “pure and simple,” a “quid pro quo” and “pay for play,” citing the enterprise’s own words.-Company A, which was not identified during the news conference due to the regulations and rules at the U.S. Attorney’s office, provided million in exchange for a .5 billion bailout.-Householder created Generation Now, a non-profit entity that, unlike PACs and SuperPACs, does not have to disclose its donors.-501c4 organizations are supposed to be operated to promote social welfare. They cannot benefit a shareholder or individual, or engage in direct political activity, which it did in this case, Devillers said. “Not a dime went to any social program,” he said.-Householder’s co-defendants are political advisers and lobbyists who worked in different capacities in the enterprise, DeVillers said.-The enterprise began with millions of dollars filtered through Generation Now and other entities to support candidates who would vote to elect Householder as Speaker and attack political rivals who would not. “It was very successful,” DeVillers said.-Of all the individuals who were funded through Generation Now and the other filter entities, all voted to elect Householder as speaker.-Once he was elected speaker, and had his so-called “power base” of representatives, millions more were funneled from Company A to Generation Now and other entities to get HB6 passed, a bill that subsidizes First Energy’s nuclear and coal power plants with .5 billion of Ohio taxpayer dollars.-Commercials, mailers, flyers, which ultimately came from Company A, were used to support HB6’s passage.-After the bill passed but before it was signed into law, a ballot initiative was started to attempt to reverse the bill.-At that point, tens of millions more went from Company A to Generation Now and its filters to defeat the ballot initiative, which was ultimately successful, DeVillers said.-Throughout this process, Householder and his associates were “able to line their pockets” with the dark money passed through Generation Now.-DeVillers alleges millions went to the personal benefit of Householder and his associates, including 0,000 to pay off a lawsuit against Householder, and another 0,000 toward a house in Florida.-The case came from an unnamed whistleblower, officials said.-The FBI confirmed that agents were carrying out "law enforcement activity" at Householder's farm property in Glenford in southestern Ohio Tuesday morning, along with the Perry County Sheriff's Office.After the U.S. Attorney's news conference, Gov. DeWine issued this statement calling for the speaker to resign:"I am deeply concerned about the allegations of wrongdoing in the issued today by the U.S. Attorney’s Office. Every American has the presumption of innocence until proven guilty. Because of the nature of these charges, it will be impossible for Speaker Householder to effectively lead the Ohio House of Representatives; therefore, I am calling on Speaker Householder to resign immediately.“This is a sad day for Ohio.”Lt. Gov. Jon Husted also issued a statement calling for the speaker's resignation:"As a former House Speaker, it makes me incredibly sad. With the announcement of today’s criminal complaints, the Speaker can no longer effectively perform his duties and should resign. Ohio is in the midst of a pandemic response and economic downturn, and the institution of the House of Representatives must remain operational, and the integrity of the office and the institution must be restored.”Read the complete 81-page criminal complaint filed Tuesday against Householder and his associates here.This article was written by Ian Cross for WEWS. 4530

College students rely on internships to give them hands-on experience before graduating and going into the workforce. However, this year, 22% or nearly one in four college students had their summer internships canceled because of the pandemic, according to a survey done by the National Association of Colleges and Employers.“I was supposed to work with the Indianapolis Motor Speedway this summer, working full-time for about 10 weeks,” said Purdue University junior Patrick Haimbaugh. “I was really excited about it, but it did get canceled.”Fortunately for Haimbaugh, when his internship fell through, a company called TechPoint was seeing how many students were losing internships and decided it wanted to help.“It felt like I had a second chance, like the summer wasn’t just going to be a blowout,” said Haimbaugh.“We thought you know what based on our organization, position and where we sit in the community, this is an area where we can make a difference,” said Mike Langellier, the CEO of TechPoint.TechPoint normally has a summer internship program that helps about 100 students, but in the wake of the wave of internship cancellations, it decided to create a second summer internship program for five times as many students. The new program was practically created overnight and called the SOS Challenge.“Their task is over the course of five weeks to come up with a product prototype and a go-to market strategy aimed at one of nine different challenge topics, and they are all COVID related,” said Langellier. “So, they include things like tele-health, outbreak detections, restaurants and small businesses.”TechPoint got 56 other companies and more than 250 tech professionals to commit to helping with the SOS Challenge interns. Beyond the networking and mentorships, TechPoint setup the internship to have ,000 prize for the group with the best prototype and arranged for the group to get an award from Indiana’s governor.“We are excited to be able to make a difference amidst challenging times for so many people,” said Langellier.With unemployment rates so high, college graduates are entering one of the most competitive jobs markets ever. So, any extra experience now is probably more helpful than ever.“I am so thankful for the team at TechPoint,” said Haimbaugh. “For people who lost their internship, I say keep looking because there are opportunities. They are hard and it is going to be hard to get them but keep trying.” 2457

COLORADO SPRINGS, Colo. - The pandemic has put a major strain on the job market this year, but in the Pikes Peak region, job opportunities are starting to come back. KOAA spoke with employment experts who say if you're looking to land a job you'll want to be careful with your social media profiles.Facebook, Twitter, Instagram, and LinkedIn. These are just some of the social media platforms employers are looking at to try to find out more about you during your job search. Employment experts say what you choose to do on these platforms can either help you or hurt you."Companies are going to Google you. They are going to look at you. They're going to Facebook stalk you, or they're going to look at Twitter accounts. They're going to look at Instagram if they can get in," said Pikes Peak Workforce Center Executive Director and CEO Traci Marques. "Obviously LinkedIn is a great platform to be on the professional side, but at the same time you really have to be careful with your social media."The experts say the first step in understanding what employers are seeing is to do the search yourself."Google yourself. If someone is going to Google you Google yourself so you know what's out there," said Marques "Lockdown your social media. Make sure everything is private so that you don't have people that could social media stalk you to get information on you for the job."Once you're comfortable with what the public can see on your digital platforms, employment experts urge job seekers to keep profiles and resume updated for the jobs they want."That's going to show the employer, one, the skillset that you have that relates to this position and also that you took the time to research it and change it to adapt to their company," said Marques.Here's your Rebound Rundown:- Be aware that employers will likely search for you and browse your social media as part of the hiring process- Search your own name and profiles to see what employers are seeing- Lockdown profiles and manage privacy settings- Keep your resume and professional profiles updated and specific to the jobs you desire.If you need help taking steps to prepare yourself for your next job opportunity, want to talk with experts, or need find other employment resources you can visit the Pikes Peak Workforce Center.This story was first reported by Patrick Nelson at KOAA in Colorado Springs, Colorado. 2385

Considered one of the top architectural marvels of all time, the Great Wall of China draws millions of travelers to its fabled stones every year.Earlier in August, home rental website Airbnb launched a new contest called "Night at the Great Wall," in which four people and their guests would have got the chance to sleep in a custom-designed "home" set in one of the UNESCO-listed structure's towers.Judging by the photos of the set-up provided by Airbnb, the once-in-a-lifetime experience would have been quite spectacular -- but not everyone thought it was a good idea.Airbnb received mixed feedback on the concept -- amidst concerns that the competition could cause damage to the famous wall."We deeply respect the feedback we have received," said Airbnb in a statement. "We have made the decision to not move forward with this event." 846

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