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Radio broadcaster Audacy, owner of several Boston stations, files for bankruptcy

The radio giant is entering a restructuring agreement to reduce its $1.9 billion in debt. ....

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Audacy, the radio platform that owns KROQ and KRTH, files for Chapter 11 bankruptcy

Audacy the radio platform that owns L.A. stations KROQ, KRTH, KNX and the Wave, among others filed for Chapter 11 bankruptcy, the company announced Sunday. ....

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Audacy's Second Quarter Sees Revenue Down, Loss Widening

AUDACY net revenues slid 6.6% year-over-year to $298.5 million for second quarter 2023, with local spot revenue down 3.7%, national spot revenue off 16.6%, and digital revenues off 4% to $66.7 million, although local digital rose 7.1%. Operating loss widened from $23.3 million to $135.3 million, net loss widened from $773,000 to $125.8 million, and Adjusted EBITDA plummeted from $38.5 million to $14.4 million. Things aren t looking up for third quarter, either, with the company reporting . ....

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