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Audacy to go private
Audacy to go private after emerging from bankruptcy and completing financial restructuring
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 ...
Audacy to emerge from bankruptcy as a private company
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,
FCC Approves Audacy’s Post-Bankruptcy Vote In Split Vote
The FCC, as expected, has approved of Audacy Inc.'s plan to emerge from debtor-in-possession status — a move that makes Soros Fund Management the controlling interest holder in the audio content creation and distribution company founded by the Field family.
Audacy completes its financial restructuring and now plans to go private
Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million.
1d
on MSN
Audacy will head to bankruptcy court after months of delays fueled by GOP allegations over Soros’ stake in radio giant
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...
Radio World
1h
Audacy Makes It All the Way Back
Audacy's successful reorganization may mark a new beginning, but the media company continues to face a challenging economic ...
1d
Soros-led takeover of Audacy gets FCC approval despite opposition
Audacy can emerge from bankruptcy — and expects to do so within days — after gaining FCC approval Monday. The Federal ...
22h
WEEI’s bankrupt owner Audacy gets FCC approval to transfer licenses to George Soros-backed nonprofit
WEEI’s bankrupt owner Audacy gets FCC approval to transfer licenses to George Soros-backed nonprofit: ‘The Commission’s ...
Radio World
19h
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
The FCC has approved the plan of Audacy, the second-largest radio company in the United States by revenue, to exit Chapter 11 ...
1d
FCC approves radio license transfers to allow Audacy to exit bankruptcy
The Federal Communications Commission said Monday it had voted to approve the transfer of radio station licenses to allow ...
Radio Ink
23h
FCC Partisan Rift Grows Deeper Over Audacy Restructuring Vote
The FCC has approved a reorganized Audacy on a 3-2 vote, enabling the company to emerge from Chapter 11 bankruptcy.
1d
Soros-backed group gets OK to acquire licenses for Audacy stations, including in Detroit
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
1d
on MSN
Soros-Backed Group Wins Biden Administration Approval for Takeover of 200 Radio Stations
The decision has drawn criticism from Republicans, who say the FCC broke with established procedure to push the deal through.
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