FCC Approves Audacy Restructuring; Company Plans To Emerge …
WEB22 hours ago · The 13-page decision, which was approved on Sept. 18, but released by the FCC on Monday (Sept. 30), says little about the involvement of Soros.Instead, it focuses on the structure of the deal and the standing of those who have worked to block its approval. The FCC says it has long worked to accommodate federal bankruptcy laws, and an arrangement that sees the second-largest radio group emerge ...
Audacy will head to bankruptcy court after months of delays …
WEB49 minutes ago · Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays ...
FCC Approves Audacy's Exit From Bankruptcy - Radio World
WEB4 hours ago · The FCC has approved the plan of Audacy, the second-largest radio company in the United States by revenue, to exit Chapter 11 bankruptcy reorganization. The commission voted 3–2 along party lines, with the Democratic majority carrying the day. Republicans Brendan Carr and Nathan Simington dissented. Philadelphia-based Audacy sheds about 80% ...
Soros-led takeover of Audacy gets FCC approval despite opposition
WEB3 hours ago · The FCC voted 3-2 along party lines on the decision to approve the assignment of Audacy's licenses to the new ownership. In their dissenting statements, FCC commissioners Brendan Carr and Nathan ...
FCC approves radio license transfers to allow Audacy to exit …
WEB7 hours ago · A screen displays the company logo for Audacy, Inc. on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2023. REUTERS/Brendan McDermid/File Photo Purchase Licensing ...
George Soros-Backed Group Wins FCC Approval for Audacy …
WEB5 hours ago · Audacy Inc., the bankrupt radio broadcaster, won regulatory approval for the transfer of its licenses to a nonprofit funded by billionaire George Soros, paving the way for the company to emerge ...
Soros-backed group gets OK to acquire licenses for Audacy stations
WEB3 hours ago · Debt at the new Audacy will be reduced by $1.6 billion to $350 million, according the FCC filing. David J. Field will continue as chief executive officer and will serve on the company’s board.
FCC Approves Audacy’s Bankruptcy Reorganization Plan
WEB8 hours ago · The FCC’s approval includes a temporary and limited waiver permitting Audacy to emerge from bankruptcy before filing a petition for a declaratory ruling regarding foreign ownership interests ...
Audacy emerges from bankruptcy as a private company - Axios
WEB36 minutes ago · Radio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its radio station licenses from the Federal Communications Commission (FCC). Why it matters: The firm, which was delisted from the New York Stock Exchange in May, leaves bankruptcy as a private company with a significantly ...
FCC Approves License Transfer to New Audacy
WEB22 hours ago · News & Events News & Events . ... FCC Approves License Transfer to New Audacy. Full Title: In the Matter of In the Matter of Audacy License, LLC, as Debtor-in-Possession (Assignor) and Audacy License, LLC (Assignee) Application for Consent to Assignment of Licenses. Document Type:
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