
The Audacy Bankruptcy: What’s Next?
As the radio and financial industries begin to digest the pre-packaged Chapter 11 bankruptcy filed by Audacy on Sunday, I have continuously been noted about the similarities between this filing and the 2017 filing by Cumulus Media. Upon Cumulus’ exit from Chapter 11 protection they lowered their debt balance from $2.34 billion to $1.30 billion, […] […]