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19%  
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  • Largest U.S. radio company Audacy files for bankruptcy protection

    01/07/2024 5:17:01 PM PST · by george76 · 37 replies
    CNBC ^ | JAN 7 2024
    Audacy, the radio and podcast giant, it filed plans for Chapter 11 bankruptcy protection to reduce its debt. The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion ... Audacy , the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in Texas to reduce its debt. The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion ... The Philadelphia-based company owns hundreds of radio stations and is one of the...