Robert Pittman, chairman and chief executive of the struggling radio station giant, iHeartMedia, stands to pocket up to nearly $9 million in bonuses this year, the company said.

Pittman received a retention bonus of $1.75 million last week and stands to earn up to an additional $7 million under an executive incentive plan, the San Antonio, Texas, company said in a regulatory filing late Friday.

Richard J. Bressler, iHeart’s president, chief operating officer and chief financial officer, received an identical retention bonus and can earn up to $3 million in 2017 under the recently adopted incentive plan.

The company is operationally profitable but is saddled with $20.2 billion in debt. Complicating matters is that revenue has flattened of late.

In the nine months ended Sept. 30, revenue was little changed at about $4.6 billion.

Shares of iHeart Media closed Friday at $1.15, unchanged.