A Big Lie Could Upend Audacy’s Post-Bankruptcy

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  • David Field’s cheapness is arguably why the CBS merger failed – how it’s now threatening the outcome of their lifeline bankruptcy.
  • And the prospect of even more budget cuts than Soros had planned.
  • Documented evidence that Audacy lied about legitimate expenses.
  • Audacy’s chutzpah:  Seeking to get reimbursed for back lawyers’ fees and other expenses for negotiating in bad faith.
  • How resolving it could eat into the $50 million Audacy told the bankruptcy court that it needs for operations when it emerges.

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