Radio and podcast company Audacy files for bankruptcy
Radio and podcast company Audacy said it had filed for Chapter 11 bankruptcy protection on Sunday, citing “macroeconomic challenges” as the reason for its restructuring. Audacy is home to hundreds of broadcast, sports and podcast programs and is one of the nation's largest radio stations. In Sunday's announcementAudacy President and CEO David Field announced that […]
Radio giant Audacy files for bankruptcy as advertising plummets
Laura Martin, Senior Media and Internet Analyst at Needham & Company, discusses Netflix's wild trading range ahead of earnings in “Making Money.” Radio giant Audacy has filed for bankruptcy protection after falling advertising revenue. The Philadelphia-based company, which oversees major podcast and radio businesses and acquired CBS Radio, filed for Chapter 11 in U.S. Bankruptcy […]
Franciscan Friars of California declare bankruptcy in wake of sex abuse lawsuits
Roman Catholic Charities of California filed for bankruptcy this week to secure “just financial compensation” for nearly 100 lawsuits related to sexual abuse allegations dating back a decade. A Franciscan order in California filed for Chapter 11 bankruptcy protection on New Year's Eve following a change in state law that allows victims to override the […]