Soros-led takeover of Audacy gets FCC approval despite opposition
Audacy can emerge from bankruptcy — and expects to do so within days — after gaining FCC approval Monday. The Federal Communications Commission on Monday approved the transfer of Audacy's business licenses to a group of creditors that includes a firm led by billionaire George Soros.
FCC Approves Audacy’s Post-Bankruptcy Vote In Split Vote
The FCC, as expected, has approved of Audacy Inc.'s plan to emerge from debtor-in-possession status — a move that makes Soros Fund Management the controlling interest holder in the audio content creation and distribution company founded by the Field family.
Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately ...
Axios on MSN10h
Audacy to emerge from bankruptcy as a private companyRadio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its ...
The Federal Communications Commission said Monday it had voted to approve the transfer of radio station licenses to allow ...
8h
WEEI’s bankrupt owner Audacy gets FCC approval to transfer licenses to George Soros-backed nonprofit: ‘The Commission’s ...
The FCC has approved a reorganized Audacy on a 3-2 vote, enabling the company to emerge from Chapter 11 bankruptcy.
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
"While we do not take a position on the merits of this or any particular broadcast transaction, it is essential that the ...
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