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August 18, 2024 1:28 pm  #1


US Radio Chain Audacy Working On Plan To Wipe Out $1.6 Billion In Debt

The second largest radio chain in the US has been given an extension from a bankruptcy judge to work out a plan that would see the company's debt drastically reduced.  Last week Audacy stock was trading anywhere from 9 to 28 cents a share, with a closing of 18 cents on Friday.  More details from INSIDERADIO..https://www.insideradio.com/free/bankruptcy-judge-grants-audacy-more-time-to-work-plan/article_48da999a-5ba2-11ef-8cad-cf1c281e6c22.html