by Radiio Ink
September 30, 2024
Following formal FCC approval, Audacy has announced the successful completion of its financial restructuring. The broadcaster is also providing news on the company’s future, including its leadership and surprising news from an investor standpoint.
Audacy will continue under the leadership of David Field as President and CEO. Field will also serve on the company’s new Board of Directors. The existing management team remains in place as the company moves forward.
With the completion of its restructuring, Audacy is expected to transition into a private company. The company has been trading as an over-the-counter option since being delisted from the New York Stock Exchange last November.
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