Audacy is preparing to file for bankruptcy within weeks after declining advertising revenue made the radio network unable to service its nearly $2 billion debt load, according to people familiar with the matter.
Philadelphia-based Audacy has reached an agreement with its senior lenders for a prepackaged bankruptcy plan, the people said. The lenders will provide financing for the proceedings and are expected to own the company following the restructuring, they said.
Audacy bought CBS Radio on November 17, 2017. Audacy also owns KKWF 100.7 The Wolf, KSWD FM 94.1 The Sound, KNDD 107.7 The End, KHTP Hot 103 (one of the first Entercom-owned stations then known as KBRD FM), and KISW 99.9 locally.
The Wall Street Journal is reporting that Audacy has reached an agreement with its senior lenders for a prepackaged Chapter 11 bankruptcy plan set to be filed in the next couple of weeks.
January 26, 1976/Tacoma News Tribune You'll recall that Lan Roberts followed the Major closely and…
Jerry Holzinger began his radio career in 1956 after local radio personalities encouraged him to…
The first husband of former first lady Jill Biden has been charged with killing his…
Tacoma Rainiers 2026 season starts March 27th in Reno.
Great pic from George Waldenberger. The Space Needle across from the KOMO Plaza building.
The game will stream on Peacock, NBC: Mike Tirico will handle play-by-play for his first…