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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

COUNCIL BLUFFS, Iowa — Yanise Ho says with all the negativity going on, she wants to prove that there are good people in the world.She's been on her journey for five months and has already rollerbladed through 15 states just depending on strangers.Ho fixes her wheels as she prepares to rollerblade across Nebraska."Rollerblades become a part of my body, it's not a bicycle, I have to figure out how to lock it up, it's a part of me," said Yanise Ho.Carrying 43 pounds on her back, Ho started in Miami and plans to finish in Portland, Oregon by November, and blade all the way back, making her trip about 6,200 miles."My mission is to show that there are amazing people in the world, every day I have no plans, just faith and the goodness of people," said Ho.Rolling state to state, without knowing where she'll sleep next or when she'll have her next meal."Somehow, I always stumble upon the best people in the world," said Ho.The 23-year-old "bladress" does not accept money just food and a place to sleep.Rollerblading about 700 miles a day, Ho says since she started, each night a stranger has opened up their home for her to rest."Every day I feel like everyone is my family, and this is how the world should be," Ho said.Her greater goal is to raise ,000 to sponsor 130 girls in Kenya and Uganda to go to secondary school."They can contribute to the scholarship that I am raising funds for other girls to be able to go to school and chase their dreams," said Ho.Follow Yanise Ho on her journey by visiting her Facebook page. 1551

CORONADO, Calif. (KGTV) - A major makeover is underway at the Hotel del Coronado, and now the project is moving into phase two, which includes a new entrance. On Wednesday, hotel guests and the public will be able to use the hotel's new underground parking structure, which features 729 spots. For the next two years, guests will enter the hotel from the north side, as the main entrance is redesigned. The temporary entrance can be accessed from R.H. Dana Pl. The project will cost 0 million, a figure that's double the original estimate."To ensure that the Hotel Del is staying relevant with the times, but also that it's here for another 130 years," said Nick OrRico, the resort manager. OrRico says they've been working diligently to enhance the guest experience while construction is underway. After the popular restaurant Sun Deck closed for construction, the hotel created an alternative eatery on the beach with a food truck. "We are still looking for ways to build unique experiences for guests, so they still want to come over here and experience our beautiful beach," said OrRico. Holiday traditions will continue despite renovations, including Skating by the Sea, which kicks off this Friday.For Thanksgiving, the Hotel Del is expecting close to 3,000 guests for dinner in the Crown Room and Ball Room, plus more in the restaurants.On Christmas Eve, they'll serve 500 guests in the Crown Room. And on Christmas Day, they're expecting 2,000 in the Crown Room and Ball Room.The renovation project is expected to be completed in December 2021. 1563

Coca-Cola will soon be giving Japanese consumers a new kind of buzz.In a departure from its traditional soda business, Coke plans to launch an alcoholic drink in Japan this year. It's trying to get in on the growing market for "chu-hi" -- canned, flavored drinks typically made with sparkling water and shochu, a Japanese spirit distilled from grains.The new drink is a "highly Japan-specific approach given the complexity and richness" of Coke's range of products in the country, Coke spokesperson Yohko Okabe told CNN on Wednesday.The company declined to give further details on the plans, but in a recent blog post, the president of Coca-Cola Japan said the drink would be "unique" in Coke's history."We haven't experimented in the low alcohol category before," Jorge Gardu?o said in the post.The storied soft drinks company is set to enter a crowded market. Big Japanese beverage makers like Kirin and Suntory already produce popular "chu-hi" drinks.Brewing up an alcoholic beverage is just Coke's latest Japanese experiment.The country is one of the company's most competitive and fast changing markets. It says it launches about 100 new products there every year.Other big global brands have tried unusual things to cater to Japanese consumers' palates. Nestlé opened a factory last year in Japan to meet the growing demand for weirdly flavored KitKat bars.Coke has dabbled in alcohol in the past, buying wine businesses in the US in the 1970s. That foray was widely seen as a failure, and it quit the wine industry a few years later.But CEO James Quincey has said the company needs to experiment beyond its classic soda brands.Some drinks it created specifically for Japanese consumers have found success in other markets.Few Americans have heard of Aquarius (a sports drink), Georgia Coffee (a canned coffee drink) or Sokenbicha (a blended tea drink), yet Coke says that each of those concoctions created for the Japanese market has generated global sales of billion or more in the past five years.Coke fans outside of Japan hoping for a stiffer drink from the company shouldn't get their hopes up, though."I don't think people around the world should expect to see this kind of thing from Coca-Cola," Gardu?o said of the planned "chu-hi" drink.But in an interview with CNN last month, Quincey left open the possibility of introducing alcohol in the US one day."Never say never," he said.  2413

Confirmed worldwide cases of the novel coronavirus broke the 10 million mark on Sunday morning, according to a database kept by Johns Hopkins University.Nearly 500,000 people have died after contracting the virus, according to Johns Hopkins. As of Sunday morning, there were about 499,000 confirmed deaths linked t the virus.The vast majority of confirmed cases and death have occurred in the U.S. More than 2.5 million people in the U.S. are confirmed to have contracted the virus — representing one-fourth of all worldwide cases. More than 125,000 people in the U.S. have died of COVID-19.The milestone comes as the U.S. experiences a new surge in cases. Thursday, Friday and Saturday all saw at least 40,000 new COVID-19 infections — the highest ever recorded since the pandemic began. 796

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