Home Login
Subscribe
Subscribe Online Renew Subscription Subscribe By Mail/Fax Free Ten Day Trial Subscription Info Buy Radio Station Data
RADIO ONLINE
Advertise
Buy Advertising Online Ad Package Information Ad Package FAQs Ad Control Panel Ad Setup Wizard
RSS Facebook
Daily News
Changes & Moves
Top News
Business News
FCC Daily Digests
FCC News
Newsletters
Report News
RSS
Advertisement

WSJ: Audacy Prepares to File Bankruptcy Within Weeks


Audacy
Audacy

The Wall Street Journal is exclusively reporting that Audacy has reached an agreement with senior lenders to provide financing for a chapter 11 process set to begin within weeks, according to sources. WSJ says the company is preparing to file after declining advertising revenue is prohibiting Audacy from servicing its nearly $2 billion debt load.

WSJ writes senior lenders have reached an agreement for a prepackaged bankruptcy plan. The lenders will provide financing for the proceedings and are expected to own the company following the restructuring. Entercom, now Audacy, was founded by Joseph Field as more than 55 years ago. It's currently head by his son, Chairman and President/CEO David Field.

Advertisement

Latest Radio Stories

Mark Adams to Retire from WXTU After 26-Year Run
Mark ''Razz'' Adams
Mark ''Razz'' Adams
Beasley Media Group announced that longtime radio personality and programmer Mark "Razz" Adams will retire from WXTU-FM, with his final day set for May 22. Razz has spent more than two decades with the company, including over 16 years on-air at WXTU, where he most recently hosted middays. He's also served as More

Borrell: Digital Ad Growth Slows, Share Battle Rises
Borrell
Borrell
Local digital advertising is entering a slower growth phase after two decades of rapid expansion, according to the Borrell 2026 Annual Digital Benchmarking Report. The report finds year-over-year growth has dropped to low single digits and is expected to fall below 3% by 2029, marking the slowest More

Radio Mercury Awards Reveal 2026 Finalists
Radio Mercury Awards
Radio Mercury Awards
The Radio Mercury Awards, produced by Radio Advertising Bureau (RAB), has announced finalists for its 2026 competition, recognizing excellence in radio and audio advertising. Now in its 35th year, the awards honor creative work across broadcast radio, streaming audio, podcasts, More
Advertisement

Entravision Q1 Revenue Jumps on Ad Tech Growth
Entravision Communications Corporation
Entravision Communications Corporation
Entravision Communications Corporation reported first quarter 2026 results showing strong overall revenue growth driven by its advertising technology business. Consolidated net revenue rose 114% year-over-year to $196.9 million, fueled by a 204% increase in its Advertising Technology & Services (ATS) More

Townsquare, Broadway Media Form Digital Ad Deal
Townsquare Media
Townsquare Media
Townsquare Media has announced a digital advertising partnership with Broadway Media aimed at expanding data-driven marketing capabilities and revenue opportunities. Under the agreement, Townsquare's digital division, Townsquare Ignite, will provide Broadway Media with More

Bob Heymann to Speak at MFM Financial Forum
MFM Financial Forum
MFM Financial Forum
Media Services Group Managing Director Bob Heymann will speak at the Media Financial Management Financial Leaders Forum in San Antonio on May 18. Heymann will participate in a session titled "Let's Make a Deal...or Not!" presented by the Washington, DC-based firm Bond & Pecaro. The session will be moderated More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement

Follow us on:

 RSS Facebook

Copyright © 1989-2026 RADIO ONLINE ®

Airchecks Databases Jobs Newsletters Promotions Radio News Ratings Show Prep Advertise Submissions Subscribe Contact Us