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Audacy to go private
Audacy to go private after emerging from bankruptcy and completing financial restructuring
Philadelphia-based radio broadcaster
Audacy
has emerged from bankruptcy shedding about $1.6 billion worth of debt, and now plans to go private, following an FCC approval for its restructuring. “We are pleased to have successfully achieved all of our ...
Audacy completes its financial restructuring and now plans to go private
Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million.
Audacy to emerge from bankruptcy as a private company
Radio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its radio station licenses from the Federal Communications Commission (FCC). Why it matters: The firm,
Audacy To Go Private After Restructure; Field To Remain CEO
Audacy will continue under the leadership of David Field as President and CEO. Field will also serve on the company’s new Board of Directors. The existing management team remains in place as the company moves forward.
Soros-led takeover of Audacy gets FCC approval
WEEI’s bankrupt owner Audacy gets FCC approval to transfer licenses to George Soros-backed nonprofit
WEEI’s bankrupt owner Audacy gets FCC approval to transfer licenses to George Soros-backed nonprofit: ‘The Commission’s decision today is unprecedented’
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
The FCC has approved the plan of Audacy, the second-largest radio company in the United States by revenue, to exit Chapter 11 bankruptcy reorganization.
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.
Radio World
1h
Audacy Makes It All the Way Back
Audacy's successful reorganization may mark a new beginning, but the media company continues to face a challenging economic ...
19h
George Soros’ ‘unprecedented’ purchase of Audacy radio stations before election investigated by lawmakers: ‘New shortcut’
The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor ...
1d
Soros-backed group gets OK to acquire licenses for Audacy stations, including in Detroit
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
1d
on MSN
Audacy will head to bankruptcy court after months of delays fueled by GOP allegations over Soros’ stake in radio giant
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...
Radio Ink
1d
FCC Partisan Rift Grows Deeper Over Audacy Restructuring Vote
The FCC has approved a reorganized Audacy on a 3-2 vote, enabling the company to emerge from Chapter 11 bankruptcy.
Audacy on MSN
1d
Khalid talks music, kindness, friendship, mental health and more at Audacy’s 'We Can Survive'
Hanging backstage in the Hard Rock Artist Lounge ahead of his performance at Audacy’s ‘We Can Survive’ 2024, Khalid chatted ...
Hosted on MSN
4d
This week's new music on Audacy All New: Lady Gaga, Luke Bryan, The Cure, and more
Press play for the latest from Lady Gaga, Luke Bryan, The Cure, Tommy Richman, Alex Warren, Linkin Park, and more this week ...
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Related topics
bankruptcy
George Soros
FCC
financial restructuring
Federal Communications Commission
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