Audacy completes its financial restructuring and now plans to go …
Oct 1, 2024 · It’s now up to the new, post-bankruptcy Audacy to file paperwork with the FCC to take ownership over the stations in question, an FCC spokesperson told CNN.
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
Sep 30, 2024 · Audacy has exited Chapter 11 bankruptcy proceedings, after the FCC on Monday approved the necessary transfer of radio station licenses to the reconstituted company. Audacy is the second-largest radio company in the United States by revenue.
Audacy Receives Court Approval of Reorganization Plan
Feb 20, 2024 · Under the approved Plan, Audacy will equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million. Trade and other unsecured creditors will not be impaired.
FCC Approves License Transfer to New Audacy
Sep 30, 2024 · FCC Approves License Transfer to New Audacy. Full Title: In the Matter of In the Matter of Audacy License, LLC, as Debtor-in-Possession (Assignor) and Audacy License, LLC (Assignee) Application for Consent to Assignment of Licenses. Document Type:
FCC Partisan Rift Grows Deeper Over Audacy Restructuring Vote
Sep 30, 2024 · The FCC has approved a reorganized Audacy, and, as expected, the vote followed party lines, with Democratic Commissioners voting 3-2 in favor of the restructure. The deal raised controversy...
Soros radio takeover causes uproar in GOP world - Washington …
Oct 21, 2024 · Audacy filed a petition with the FCC, noting that as it was calculated at the time, the company would emerge from bankruptcy with 25% or more in foreign ownership, according to FCC documents.
House Oversight probes FCC's expedited approval of Soros ... - Fox News
Sep 26, 2024 · The FCC seemingly approved a deal that would permit left-wing billionaire George Soros’ acquisition of more than 200 Audacy radio stations across America, irking a Republican commissioner who...
FCC Approves Radio License Transfers to Allow Audacy to ... - U.S. News
Sep 30, 2024 · WASHINGTON (Reuters) - The Federal Communications Commission said Monday it had voted to approve the transfer of radio station licenses to allow Audacy, one of the largest radio and podcast...
Soros-Backed Group Wins FCC Approval for US Radio Stations - Bloomberg.com
Sep 30, 2024 · Audacy Inc., the bankrupt radio broadcaster, won regulatory approval for the transfer of its licenses to a nonprofit funded by billionaire George Soros, paving the way for the company to emerge...
Audacy — Owner of WBBM, The Score, 93XRT and Other Radio …
Sep 30, 2024 · (CNN) — Audacy will head to bankruptcy court after the Federal Communications Commission agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays, the result of GOP fearmongering over the Soros Fund Management acquisition of Audacy debt.