Addressing The Troops: iHeartMedia CEO Bob Pittman and Pres./COO/CFO Rich Bressler addressed questions about the company's financial status with a letter to "the team" yesterday (7/19). "You may have seen some recent media coverage about discussions that have been taking place with our lenders regarding our exchange offer," the memo begins, calling the moves "just another step in the process of creating a more sustainable capital structure for our company." See the entire message here.