FCC fines Audacy over handling of cash contest
Federal broadcast regulators said Audacy did not carry out the contest as it advertised.
Audacy (formerly Entercom) [$AUD] is a national broadcast company that primarily owns local AM and FM radio stations in the United States.
Audacy consists of legacy Entercom stations and stations formerly owned by CBS Radio. The company also operates streaming service Radio.com. Audacy is based in Philadelphia, Pennsylvania.
Federal broadcast regulators said Audacy did not carry out the contest as it advertised.
Audacy Sports will distribute live coverage of games from more than 150 college- and professional-level sports teams.
A federal judge in Texas has signed off on Audacy’s plan to restructure a majority of its debt, a move that will allow it to emerge from bankruptcy.
Billionaire George Soros is set to become the largest individual shareholder of troubled radio broadcaster Audacy, according to court documents.
Audacy is looking for new on-air talent for one of the country’s biggest alternative radio stations — and no prior broadcasting experience is required.
Audacy says it is moving forward with plans to develop and launch a subscription-based streaming audio service.
Audacy, the largest radio broadcaster in the country, filed for Chapter 11 bankruptcy over the weekend as it seeks to reduce its $1.9 billion debt load.
Several former CBS-owned radio stations will continue airing “CBS World News Roundup” and other programs.
Audacy’s journey on the New York Stock Exchange (NYSE) has taken a tumultuous turn, culminating in its official delisting from the Big Board.
Audacy has inked an agreement with Fox News Media that will allow users of its audio apps to listen to a simulcast of Fox Weather.