After trying to ink a deal with creditors since last March, the company said in a statement that it reached an agreement in principle with investors holding more than $10 billion of its debt, along with its private equity owners. The pact, intended to give the company a framework for a speedier reorganization, would cut iHeart's debt by more than $10 billion, it said. Among the company's creditors is billionaire John Malone's Liberty Media, which controls satellite radio giant SiriusXM. Liberty Media accumulated a position in iHeart's debt in recent months in an effort to grab a stake in the company's radio business. About 265 million people in the U.S. still tune in to iHeart's stations at least once a month, but newer media such as Spotify's streaming service and SiriusXM's satellite broadcasts have cut into the audience and put a damper on sales.