Audacy going private after bankruptcy emergence, FCC approval
WEB19 hours ago · Published Oct. 1, 2024, 2:56 p.m. ET. 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 restructuring goals, emerging with an outstanding ...
Audacy Successfully Completes Financial Restructuring; Emerges …
WEB2 days ago · PHILADELPHIA, PA – September 30, 2024 – Audacy, Inc. (the “Company” or “Audacy”) announced today that it has successfully completed its financial restructuring, implementing a fully consensual, deleveraging transaction that equitized approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to $350 million.
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
WEB1 day ago · Published: September 30, 2024. Audacy has exited Chapter 11 bankruptcy proceedings, after the FCC on Monday approved the necessary transfer of radio station licenses to the reconstituted company. Audacy is the second-largest radio company in the United States by revenue. It will continue to be led …
FCC approves radio license transfers to allow Audacy to exit …
WEB1 day ago · A screen displays the company logo for Audacy, Inc. on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2023. REUTERS/Brendan McDermid/File Photo Purchase Licensing ...
FCC Partisan Rift Grows Deeper Over Audacy Restructuring Vote
WEB2 days ago · 0. The FCC has approved a reorganized Audacy, and, as expected, the vote followed party lines, with Democratic Commissioners voting 3-2 in favor of the restructure. The deal raised controversy ...
Audacy will head to bankruptcy court after months of delays …
WEB1 day ago · Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays ...
Audacy emerges from bankruptcy as a private company - Axios
WEB1 day ago · 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, which was delisted from the New York Stock Exchange in May, leaves bankruptcy as a …
Audacy Makes It All the Way Back - Radio World
WEB17 hours ago · Published: October 1, 2024. The road ahead for Audacy is coming into sharper focus after it gained FCC approval for its station transfers and now has emerged from bankruptcy. Audacy said Monday in a press release it has implemented a “fully consensual, deleveraging transaction that equitized …
Audacy completes its financial restructuring and now plans to go …
WEBAudacy’s restructuring comes after the FCC’s commissioners approved the assignment of licenses held by the radio giant to a new, post-bankruptcy version of the company on September 18 ...
FCC Approves Audacy’s Post-Bankruptcy Vote In Split Vote
WEB2 days ago · With the 3-2 approval by Democrats on the Commission, Audacy has won a temporary and limited waiver of section 1.5000(a)(1) of the FCC’s rules to permit it to emerge from bankruptcy before ...
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