On Credit: iHeartMedia may break off negotiations to restructure part of its $21 billion debt after failing to reach an agreement with some creditors, according to Bloomberg. The negotiations have been with a subsidiary of Franklin Resources, Inc., which is the biggest holder of iHeartMedia's $6.3 billion in term loans. The news follows a court decision last month that permanently blocked the bondholders from filing default notices over a recent stock transfer (CAT 5/24). More than $10 billion of iHeartMedia debt is coming due in the next three years. More here.