Tag: David Field

Audacy also says it is preparing to exit the pre-packaged bankruptcy proceedings it initiated earlier this year.

"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."

"I fully recognize that this has been a difficult period as we have coped with a long stretch of challenges and uncertainty."

After reaching an agreement with its creditors, Audacy has officially filed for Chapter 11 bankruptcy.

The lack of payment does not affect the company's ability to operate going forward.