All articles tagged with #audacy
Audacy is shutting down its Pineapple Street podcast studio, which produced podcasts for major brands like HBO, Apple TV+, Netflix, and Spotify, and is shifting focus to its own in-house podcasts, impacting fewer than 30 jobs amid company restructuring and leadership changes.
Chris Brown has been named the new full-time radio play-by-play broadcaster for the Buffalo Bills, becoming the third person to hold this position in the franchise's history. Brown, who has been with the Bills organization since 2006 and served as interim broadcaster since January 2023, will continue to work alongside color analyst Eric Wood. The decision was praised by Bills COO Pete Guelli and Audacy Buffalo's Tim Wenger, who highlighted Brown's deep knowledge of the team and connection with fans. Brown succeeds John Murphy, who stepped down earlier this year after 35 years in the role.
Audacy stations in or near the path of totality for the upcoming solar eclipse are planning special programming, including live coverage, eclipse-themed music, and interviews. Stations in cities like Austin, Buffalo, Cleveland, Dallas, Memphis, Rochester, and St. Louis will feature solar-themed content, live play-by-play, and eclipse watch parties, with music playlists and expert commentary to accompany the astronomical event.
Audacy, the parent company of several Boston radio stations, including WEEI 93.7 FM and Magic 106.7, has initiated Chapter 11 bankruptcy proceedings and plans to reorganize and reform in Delaware. The Soros Fund Management LLC has acquired over $400 million in Audacy's debt, positioning itself to take a 40% stake in the company as it converts the debt to equity. Other major holders of Audacy's debt include Goldman Sachs Asset Management and PGIM. Audacy aims to emerge from the restructuring process with a strong capital structure and continue its operations as a leading multi-platform audio content and entertainment company.
Billionaire George Soros is set to control over 220 radio stations through a $400 million investment in Audacy, making his fund the top shareholder when the company emerges from bankruptcy. This has sparked fears among conservatives of Soros using the stations to influence voters in the 2024 election. Audacy, the second-largest radio broadcaster in the US, filed for bankruptcy in January with $1.9 billion in debt. The plan requires approval from the Houston bankruptcy court, with a hearing set for February 20.
Audacy, the second-largest radio company in the US, has filed for Chapter 11 bankruptcy to reduce its debt from $1.9 billion to $350 million. The company's chairman cited sustained macroeconomic challenges and a sharp reduction in radio ad spending as reasons for the filing. Audacy owns eight radio stations in the Kansas City area and does not expect the restructuring to impact advertisers, partners, or employees.
Audacy, the owner of multiple Boston radio stations including WEEI, has filed for bankruptcy with nearly $2 billion in debt. The company, which operates over 200 stations in 45 markets, plans to restructure more than 80% of its debt through a bankruptcy agreement, aiming to reduce its debt to $350 million. Audacy's CEO attributes the financial challenges to changes in the traditional advertising market. Despite the bankruptcy filing, the company expects its operations to continue normally.
Audacy, owner of WBBM Newsradio and other Chicago radio stations, has filed for Chapter 11 bankruptcy in an effort to reduce its $1.9 billion debt to $350 million. The company attributes its financial struggles to pandemic-induced conditions, such as reduced listenership and ad spending. The bankruptcy filing aims to restructure debt and provide equity to debt-holders in exchange for long-term loans. Despite the filing, Audacy plans to continue its operations and digital transformation without disruptions to employee wages or benefits.
Audacy, the owner of WEEI and other Boston radio stations, has filed for Chapter 11 bankruptcy, citing a significant drop in radio ad spending over the past four years. The company has entered into a restructuring agreement with its debtholders to reduce its funded debt from about $1.9 billion to about $350 million. Audacy expects to emerge from bankruptcy after obtaining regulatory approval and aims to continue its digital transformation and capitalize on its position as a leading multi-platform audio content and entertainment company.
Audacy, the second largest radio chain in the U.S., including major Chicago stations like WBBM-AM 780 and WXRT-FM 93.1, filed for Chapter 11 bankruptcy to reduce nearly $2 billion in debt, largely stemming from its 2017 merger with CBS Radio. The company aims to convert long-term loans to equity stakes, reducing its debt to $350 million pending court approval. Despite revenue declines and pandemic challenges, Audacy reassures employees that it will be "business as usual" for its radio stations during the bankruptcy process, with no disruption to wages and benefits.
Audacy, the parent company of WFAN, has filed for bankruptcy protection due to a significant decline in advertising revenue. The company plans to cut around 80% of its nearly $2 billion debt through a restructuring agreement with its debtholders. Audacy's CEO expressed confidence that the restructuring will position the company for long-term growth and innovation in the audio business.
Audacy, the owner of several Boston radio stations, has filed for Chapter 11 bankruptcy with a prepackaged restructuring agreement, aiming to reduce its debt from $1.9 billion to $350 million. The company expects no operational impact from the restructuring and plans to continue its digital transformation, positioning itself as a leading multi-platform audio content and entertainment company.
Audacy, the largest radio and podcast company in the US, filed for bankruptcy with $2 billion in debts just six months after paying executives $3.2 million in bonuses. The company operates 227 radio stations and produces podcasts featuring celebrities like Stephen A. Smith, Dana Carvey, and David Spade. The bankruptcy filing comes after a decline in radio advertising and a report stating the company's debt was around $1.92 billion. Audacy's bankruptcy deal will reduce its debt load by about $1.6 billion and provide further financing, while the company aims to continue operations without interruption.
Audacy, a major radio and podcast company, has filed for chapter 11 bankruptcy, citing "macroeconomic challenges" as the reason for its restructuring. The company's President and CEO stated that the filing should not have any operational impact and that it has entered into a restructuring support agreement with its debtholders. The proposed plan of reorganization aims to reduce Audacy's funded debt from approximately $1.9 billion to approximately $350 million.
Audacy, the owner of over 200 radio stations in the U.S., has filed for Chapter 11 bankruptcy to reduce its debt by approximately 80% from $1.9 billion to $350 million. The company cites sustained macroeconomic challenges and a sharp reduction in radio ad spending as reasons for its financial woes. Despite the filing, Audacy expects no operational impacts and believes it will emerge well positioned to continue its innovation and growth in the audio business.