Audacy bankruptcy plan gets federal court’s approval
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.
Audacy
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.
George Soros to become Audacy’s largest shareholder post-bankruptcy
Billionaire George Soros is set to become the largest individual shareholder of troubled radio broadcaster Audacy, according to court documents.
Audacy says future Live 105 DJs don’t need prior radio experience
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 confirms plans for subscription audio offering
Audacy says it is moving forward with plans to develop and launch a subscription-based streaming audio service.
Audacy files for Chapter 11 bankruptcy, hopes to slash debt to $350 million
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.
CBS to continue delivering news updates to Audacy stations
Several former CBS-owned radio stations will continue airing “CBS World News Roundup” and other programs.
NYSE deadline for Audacy runs out after de-listing from stock exchange
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 begins offering Fox Weather audio simulcast
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.
“RAD Radio” to return to Sacramento airwaves in November
Lotus Communications will turn over two of its Sacramento-area radio stations to the morning wake-up program “RAD Radio,” starting in November.
KNX says NewsBreak article on simulcast is wrong
KNX says an article written by a robot and posted to the app NewsBreak wrongly claims it stopped airing news programming on AM radio.
Audacy begins working with creditors to restructure debt
Audacy has engaged in discussions with two groups of creditors to restructure around $1.9 billion in debt, the company confirmed on Tuesday.
Audacy implements reverse stock split to regain NASDAQ compliance
Audacy has carried out a reverse stock split as it seeks to regain compliance with the NASDAQ stock exchange’s policies.