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.