News: Report: Apple exploring stake in iHeartMedia

Apple is in preliminary discussions with iHeartMedia about a possible deal that would see the iPhone maker possibly take an equity stake in the U.S. radio group as a way of boosting its own streaming services, The Financial Times reports. iHeartMedia has been struggling with $20 billion in debt, resulting in it filing for bankruptcy protection earlier this year; creditors have since been reaching out to potential investors, which may be where Apple…