FCC approves radio license transfers to allow Audacy to exit bankruptcy

iHeartMedia

30/09/2024 15:40

WASHINGTON, Sept 30 (Reuters) - The Federal
Communications Commission said Monday it had voted to approve
the transfer of radio station licenses to allow Audacy, 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.
    

 (Reporting by David Shepardson)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))