Tag: Audacy Bankruptcy
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FCC Approves Audacy Bankruptcy Restructuring; David Field and Existing Management Team Continue to Lead Company
As part of the restructuring, Audacy was given a temporary waiver to exceed the limit on foreign investment, which is currently set at 25%.
Audacy Reports Uptick in January Revenue
While Audacy has yet to release its fourth quarter and year-end earnings for 2023 due to the bankruptcy proceedings, it reported that revenue for the company was "in line with expectations" during the calendar year.
Court Approves Audacy Reorganization Plan
"We have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business."
George Soros-Led Fund to Become Largest Shareholder of Audacy
A management fund led by George Soros is set to become the leading shareholder of Audacy when the radio giant exits its Chapter 11...
Audacy to Cut 25% of Pineapple Street Studios Podcast Staff
Pineapple Street Studios was launched in 2016 before being purchased by the radio giant in 2019.
Howie Carr: Audacy Bankruptcy Answered My Prayers
"I've been sounding the alarm on their incompetence for years."
David Field: Audacy Bankruptcy ‘Dawn of a New Era’
"I fully recognize that this has been a difficult period as we have coped with a long stretch of challenges and uncertainty."
Audacy Files For Chapter 11 Bankruptcy After Agreement With Debtholders
After reaching an agreement with its creditors, Audacy has officially filed for Chapter 11 bankruptcy.
Audacy Preparing for Bankruptcy, According to New Report
The report claims the company has agreed to a "prepackaged bankruptcy plan" with its lenders, which will help finance the bankruptcy proceedings.