Radio Conglomerate Audacy Files for Chapter 11 Bankruptcy Protection ...Middle East

Audacy, the troubled radio and audio-streaming company, said Sunday it filed plans for Chapter 11 bankruptcy reorganization to slash its debt. Audacy, founded in 1968 as Entercom Communications, is the second-largest radio broadcaster in the U.S. (after iHeartMedia) with 235 owned radio stations across 48 markets. Through the restructuring, Audacy expects to eliminate $1.6 billion […]

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