/raid1/www/Hosts/bankrupt/TCR_Public/190427.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, April 27, 2019, Vol. 23, No. 116

                            Headlines

IHEARTMEDIA INC: Reports $14.28 Million Net Income in February
PG&E CORP: Incurs $21 Million Net Loss in January
PG&E CORP: Posts $21 Million Net Loss in February

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IHEARTMEDIA INC: Reports $14.28 Million Net Income in February
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iHeartMedia, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for February 2019.

The Debtor's statement of operations showed a net income of $14.28
million on $246.19 million in revenue in February, a swing from
$9.53 million net loss reported for January.

As of February 28, 2019, the Debtor posted $8.03 billion in total
assets, $18.41 billion in total liabilities, and -$10.38 billion in
total shareholders' equity.

The Debtor listed total receipts of $275.9 million and total
operating disbursements of $248.6 million for February.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/E6deTX

    About iHeartMedia, Inc. and iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company. Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company operates 849 radio stations.  The Company's outdoor
business reaches over 34 countries across five continents.

To implement a balance sheet restructuring, iHeartMedia and 38 of
its subsidiaries, including iHeartCommunications, Inc., filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-31274) on March
14, 2018.  The cases are pending before the Honorable Marvin Isgur,
and the Debtors have requested joint administration of the cases.

Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not
commence Chapter 11 proceedings.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities, and a total
stockholders' deficit of $11.67 billion.

The Debtors have hired Kirkland & Ellis LLP as legal counsel;
Jackson Walker L.L.P. as local bankruptcy counsel; Munger, Tolles &
Olson LLP as conflicts counsel; Moelis & Company and Perella
Weinberg Partners L.P as financial advisors; Alvarez & Marsal as
restructuring advisor; and Prime Clerk LLC as notice & claims
agent.

The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher
LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and
GLC Advisors & Co. as financial advisor.  The ad hoc group of Term
Loan Lenders is represented by Arnold & Porter Kaye Scholer LLP as
counsel; and Ducera Partners as financial advisor.  The Legacy
Noteholder Group is represented by White & Case LLP as counsel. The
Debtors' equity sponsors are represented by Weil, Gotshal & Manges
LLP as counsel.

The Office of the U.S. Trustee for Region 7 on March 21, 2018,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of iHeartMedia, Inc.
and its affiliates.  The Committee tapped Akin Gump Strauss Hauer &
Feld LLP as its legal counsel, FTI Consulting, Inc., as its
financial advisor, and Jefferies LLC as its investment banker.


PG&E CORP: Incurs $21 Million Net Loss in January
-------------------------------------------------
PG&E Corporation and its operating subsidiary, Pacific Gas and
Electric Company, filed with the U.S. Securities and Exchange
Commission their monthly operating report for January 2019.

The Debtors' consolidated statement of operations reflected a net
loss of $21 million on $1.47 billion in total operating revenues
for January.

As of January 31, 2019, the Debtors posted consolidated total
assets $79.80 billion, consolidated total liabilities of $66.89
billion, and $12.92 billion in consolidated total shareholders'
equity.

At the start of the month, the Debtors had a consolidated cash
balance of $910 million.  They listed consolidated total receipts
of $238 million and zero disbursements.  At month end, the Debtors
had $1.15 billion cash.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/6BaoYT

                 About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp. Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018. The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E. Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer. In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer. Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.

Andrew Vara, acting U.S. trustee for Region 3, on Feb. 12, 2019,
appointed nine creditors to serve on an official committee of
unsecured creditors.  The Committee retained Milbank LLP, as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC, is the investment banker; and Epiq Corporate
Restructuring, LLC, as claims and noticing agent.



PG&E CORP: Posts $21 Million Net Loss in February
-------------------------------------------------
PG&E Corporation and its operating subsidiary, Pacific Gas and
Electric Company, filed with the U.S. Securities and Exchange
Commission their monthly operating report for February 2019.

The Debtors' consolidated statement of operations showed a net loss
of $21 million on $1.28 billion in total operating revenues for the
month.

As of February 28, 2019, the Debtors posted consolidated total
assets $81.55 billion, consolidated total liabilities of $68.56
billion, and $12.99 billion in consolidated total shareholders'
equity.

At February 1, 2019, the Debtors had a consolidated cash balance of
$1.15 billion.  They listed consolidated total receipts of $1.87
billion and consolidated total disbursements of 1.04 billion.
Taking into account DIP borrowing of $292 million, the Debtors had
$2.27 billion cash balance at February 28.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/sARxac

                 About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a  
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp. Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018. The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E. Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer. In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer. Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.

Andrew Vara, acting U.S. trustee for Region 3, on Feb. 12, 2019,
appointed nine creditors to serve on an official committee of
unsecured creditors.  The Committee retained Milbank LLP, as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC, is the investment banker; and Epiq Corporate
Restructuring, LLC, as claims and noticing agent.


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