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Radio, Podcast Titan Audacy Files For Bankruptcy Amid Plummeting Advertising Revenues
Monday, January 8, 2024 - 3:07am | 606In a recent development, radio and podcast titan Audacy Inc (OTC:AUDA) has applied for Chapter 11 bankruptcy protection. This move comes in the wake of a notable slump in the company’s advertising revenues. What Happened: The Philadelphia-based broadcasting firm unveiled an extensive...