Interep bankruptcy within thirty days?

So says a tipster to Adrants.

Interep, facing repayment of $100 million in bonds, is expected to file for bankruptcy within a month. The move causes one question the viability of radio’s current business model and how long it can last before it has to die or completely transform itself into something new and different.

I’d like to hear confirmation and details before I speculate on AdRant’s spin on this.