The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor ...
Audacy's successful reorganization may mark a new beginning, but the media company continues to face a challenging economic ...
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
The FCC has approved a reorganized Audacy on a 3-2 vote, enabling the company to emerge from Chapter 11 bankruptcy.
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...