Radio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its ...

Philadelphia-based radio broadcaster Audacy has emerged from bankruptcy shedding about $1.6 billion worth of debt, and now ...

(CNN) — Audacy will head to bankruptcy court after the Federal Communications Commission agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant ...

In January this year, Audacy filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Southern District of Texas. The company had faced sagging advertising revenue and rising ...

The alliance comes as Audacy focuses on maximum profitability in the digital sector as the broadcaster emerges from Chapter 11 bankruptcy. In Q2 2024, Audacy saw increased digital and sports ...

It also allowed Audacy to emerge from bankruptcy. Laurel Tree Opportunities Corporation, which is controlled by a separate corporation called FPR Capital Holdings, received the FCC’s blessing to ...

Now, the Audacy Inc. audio service is being put in ... The company, which recently emerged from bankruptcy protection with Soros Fund Management as its lead investor, adds that the launch ...

Is There a Good Track Record of Capital Allocation? Arguably, Audacy’s trip to bankruptcy court was the result of a poor capital allocation decision. The Company purchased CBS Radio at an ...

In her response, FCC Chairwoman Jessica Rosenworcel outlined the Commission’s actions to facilitate the transfer of control and assignment of licenses, allowing Audacy to emerge from bankruptcy.

Starting today, Audacy has put workflows behind that format onto the Super Hi-Fi platform. The station is on FM translator K276FK, which rebroadcasts an HD2 signal from another Audacy station in the ...