FCC approves radio license transfers to allow Audacy to exit …
WEB1 day ago · A screen displays the company logo for Audacy, Inc. on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2023. REUTERS/Brendan McDermid/File Photo Purchase Licensing ...
Soros-led takeover of Audacy gets FCC approval despite opposition
WEB1 day ago · The company's court-approved reorganization plan will hand control of Audacy over to a group of lenders headlined by Soros-led investment firm Laurel Tree Opportunities Corp., along with MBX ...
FCC Approves Audacy's Exit From Bankruptcy - Radio World
WEB1 day ago · The FCC has approved the plan of Audacy, the second-largest radio company in the United States by revenue, to exit Chapter 11 bankruptcy reorganization. The commission voted 3–2 along party lines, with the Democratic majority carrying the day. Republicans Brendan Carr and Nathan Simington dissented. Philadelphia-based Audacy sheds about 80% ...
FCC Approves Audacy’s Bankruptcy Reorganization Plan
WEB1 day ago · 0. The Federal Communications Commission has granted approval for a reorganized Audacy, enabling the company to emerge from Chapter 11 bankruptcy protection. The decision, adopted on September 18 ...
Soros-backed group gets OK to acquire licenses for Audacy stations
WEB1 day ago · Debt at the new Audacy will be reduced by $1.6 billion to $350 million, according the FCC filing. David J. Field will continue as chief executive officer and will serve on the company’s board.
FCC APPROVES AUDACY BANKRUPTCY EMERGENCE IN SPLIT VOTE
WEB1 day ago · Lopez approved all of the necessary paperwork to allow Audacy Inc. to emerge from Chapter 11 bankruptcy in February. The FCC, as expected, has approved of Audacy Inc.'s plan to emerge from debtor ...
FCC Approves Audacy Bankruptcy Plan | Story | insideradio.com
WEB1 day ago · According to bankruptcy court filings, Soros has assumed anywhere from 40% to more than half of the estimated $745 million of senior debt, out of the $1.9 billion owed by Audacy. That debt will be converted into an equity stake in the company post-bankruptcy. FCC Chair Jessica Rosenworcel did conceded to a …
Audacy Gets Court Approval to Exit Bankruptcy, Hand Ownership …
WEBFeb 20, 2024 · Radio and podcast company Audacy Inc. received court approval on Tuesday to emerge from bankruptcy and hand ownership to creditors including Soros Fund Management.
Audacy Files for Bankruptcy - Variety
WEBJan 7, 2024 · Audacy, the troubled radio and audio-streaming company, said Sunday it filed plans for Chapter 11 bankruptcy reorganization to slash its debt. Audacy is the second-largest radio broadcaster in...
Audacy Reaches Agreement with a Supermajority of its …
WEBJan 7, 2024 · Agreement Enables Audacy to Capitalize on its Strategic Transformation into a Scaled, Leading Multi-Platform Audio Content and Entertainment Company with Distinctive Competitive Advantages.