George Soros’ ‘unprecedented’ purchase of Audacy radio stations before election investigated by lawmakers: ‘New shortcut’
The major radio company Audacy Inc. fell into financial straits, but through a complex business deal Democratic mega donor and billionaire George Soros has gained control of the stations.
Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy ...
Philadelphia-based radio broadcaster Audacy has emerged from bankruptcy shedding about $1.6 billion worth of debt, and now ...
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion ...
The decision has drawn criticism from Republicans, who say the FCC broke with established procedure to push the deal through.
Audacy's successful reorganization may mark a new beginning, but the media company continues to face a challenging economic ...
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