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FCC approves radio license transfers to allow Audacy to exit bankruptcy
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FCC approves radio license transfers to allow Audacy to exit bankruptcy
Oct 2, 2024 11:34 PM

WASHINGTON, Sept 30 (Reuters) - The Federal

Communications Commission said Monday it had voted to approve

the transfer of radio station licenses to allow Audacy ( AUDAQ ), one of

the largest radio and podcast companies in the United States, to

emerge from bankruptcy.

The company filed for bankruptcy in January in Houston,

Texas, with a pre-negotiated debt deal that wipes out its

existing equity shares and turns over control of the company to

a lender group. The company's bankruptcy restructuring was

approved by a judge in February.

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