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Audacy, Inc., Second-Largest U.S. Radio Broadcaster, Enters Chapter 11

Audacy, Inc., a well-known radio and podcast company, has officially filed for Chapter 11 bankruptcy protection. CNBC report Earlier this week, Audacy, the second-largest radio broadcaster in the United States, announced that it was undergoing a financial restructuring. The move is reportedly aimed at reducing the company's huge debt burden, which currently stands at $1.9 […]

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 […]