Audacy Inc

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Audacy, Inc. is a scaled, multi-platform audio content, and entertainment company. The firm involves as a radio broadcasting group by offering premium audio. It engages in providing consumers with news, sports, podcasts, and music. Its broadcast brands include WFAN, KROQ, and 1010WINS. The company was founded by Joseph M. Field in 1968 and is headquartered in Philadelphia, PA.

PHILADELPHIA--(BUSINESS WIRE)--Audacy, Inc. (the “Company” or “Audacy”) announced today that it has successfully completed its financial restructuring, implementing a fully consensual, deleveraging transaction that equitized approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to $350 million. The Company emerges as a healthy, scaled, multi-platform leader in the dynamic audio sector, with total net leverage of approximately 2.7x, differentiated by its #.

Audacy Successfully Completes Financial Restructuring; Emerges as a Growing, Scaled, Multi-Platform Audio Leader With the Industry's Strongest Balance Sheet

The Federal Communications Commission said Monday it had voted to approve the transfer of radio station licenses to allow Audacy, one of the largest radio and podcast companies in the United States, to emerge from bankruptcy.

FCC approves radio license transfers to allow Audacy to exit bankruptcy

PHILADELPHIA--(BUSINESS WIRE)--Audacy, Inc. (OTC: AUDAQ) today reported financial results for the quarter ended June 30, 2024. David J. Field, Chairman, President and Chief Executive Officer, stated: "Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in di.

Audacy Reports Second Quarter Results

PHILADELPHIA--(BUSINESS WIRE)--Audacy, Inc. (OTC: AUDAQ) today reported financial results for the quarter ended March 31, 2024. David J. Field, Chairman, President and Chief Executive Officer, stated: “Audacy delivered a solid start to 2024 with Q1 EBITDA increasing 173% vs the prior year. Second-quarter revenues are currently pacing up low-single digits, and we expect another quarter of substantial EBITDA growth, enhanced by our continuing work on expense reductions. Our improving results are.

Audacy Reports First Quarter Results

Soros Fund Management is tightening its grip over the US radio industry after scooping up a majority stake in bankrupt radio company Audacy.

George Soros fund tightens grip over US radiowaves after seizing control of Audacy

News for Audacy Inc Stock (AUDAQ)