"I think ESPN rightly wanted to own and operate and produce RedZone outright because of the galactic popularity of the show. But the NFL, for their reasons, wanted to retain control of the production of RedZone."
After Audacy filed for its prepackaged bankruptcy in a Houston court, the company filed a motion for an automatic stay of MacKenzie's hearing. The court halted all proceedings on the case.
According to a business plan, Audacy is looking toward a subscription streaming service that it hopes could deliver $20 million in annual revenue in the next three years.
Currently, in addition to still working with Red Apple Group, Catsimatidis hosts Cats & Cosby with Rita Cosby on 77WABC, as well as the nationally syndicated Cats Roundtable on Sunday mornings.
"I think ESPN rightly wanted to own and operate and produce RedZone outright because of the galactic popularity of the show. But the NFL, for their reasons, wanted to retain control of the production of RedZone."