Radio and podcast company Audacy files for bankruptcy ...Middle East

Radio and podcast company Audacy revealed that it filed for Chapter 11 bankruptcy on Sunday, citing “macroeconomic challenges” as the reason for its restructuring. Audacy is the home to hundreds of broadcast, sports and podcast shows and is one of the largest radio broadcasters in the country. In an announcement Sunday, Audacy’s President and CEO David Field revealed that it filed for bankruptcy and that it entered into a restructuring support agreement with a supermajority of its debtholders. “Over the past few years, we have strategically transformed Audacy into a leading, scaled multi-platform audio content and entertainment company through our acquisition of CBS Radio and by bui

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