Audacy sells six broadcast towers for $17 million
Audacy has sold six of its transmission towers for $17 million as the company works to bring in more capital amid a downturn in business.
Audacy (formerly Entercom) [$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.
Audacy has sold six of its transmission towers for $17 million as the company works to bring in more capital amid a downturn in business.
Audacy has apparently decided to sell off the Radio.com web address that it acquired through its merger with CBS Radio several years ago.
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