Soros-led takeover of Audacy gets FCC approval despite opposition
Audacy can emerge from bankruptcy — and expects to do so within days — after gaining FCC approval Monday. The Federal Communications Commission on Monday approved the transfer of Audacy's business licenses to a group of creditors that includes a firm led by billionaire George Soros.
Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately ...
The FCC has approved a reorganized Audacy on a 3-2 vote, enabling the company to emerge from Chapter 11 bankruptcy.
Audacy will continue to focus on sports radio and podcasts, buoyed by assets acquired in a merger with CBS Radio in 2017.
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