Radio and podcast giant Audacy files for bankruptcy months after awarding $3.2 million to executives [TechSpot]

Audacy’s restructuring agreement will allow its total debt load to be reduced by 80% from around $1.9 billion to $350 million, once approved by a judge in Houston. The Philadelphia-based broadcaster said its publicly traded shares would be wiped out in the deal. The majority of creditors, of which there…Read Entire Article