
If Silver Lake were to make an offer for iHM it may look to form a partnership between the owner and arena venue manager Oak View Group.
iHM bought a stake earlier this year in Oak View, which manages the New York’s new Islanders arena and for a fee books events into Madison Square Garden, the Prudential Center and Los Angeles’ Forum.

iHM, when it was known as Clear Channel, bought arena manager SFX Entertainment in 2000 for $4.4 billion. Clear Channel spun out SFX, which changed its name to Live Nation, in 2005.
Irving Azoff is a former Live Nation chief executive and now runs Oak View.

Malone’s Liberty Media on June 15 withdrew its proposal to buy 40 percent of iHM for $1.16 billion, which, when factoring in the company’s $10 billion of remaining debt, values iHM at $12.9 billion.
“Liberty is not going to get iHeart at that price,” the source said.
Leading iHeart creditors believe the company is worth between $12 billion and $15 billion, the source said.
Bob Pittman, iHeart chairman and CEO, might prefer Silver Lake because it would be more likely to keep him in charge of the radio platform than Liberty.