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Audacy Filing for Chapter 11 Bankruptcy


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  • Action Newsroom changed the title to Audacy Filing for Chapter 11 Bankruptcy
  • 1 month later...
10 minutes ago, Action Newsroom said:

And certain folks on Twitter are totally reacting with full understanding and sense to who that investor is 😄.

 

Of course, they aren't, really (the top result is Sputnik's imported gloom and doom). I'm sorry to tell most of them, but George Soros investing into Audacy doesn't immediately mean every one of their stations will become Air America, everything will become better or that he'll be able to get better songs on a radio station. Outside the all-news stations which everyone doesn't want to change, Audacy stations have been declining into automated and hubbed irrelevancy since the CBS merger, and it feels like he's throwing money into an open wound. I don't expect we've seen the last of Audacy in its doom spiral.

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