Bottom Feeder Buying Cumulus, Audacy Debt

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  • Just when you think Audacy and Cumulus have nothing left to sell, they’ve come up with this.
  • Why investors are willing to throw millions at radio groups that have emerged from bankruptcy or are ready to go into it.
  • Detailed: The riskiest new investment in radio since John Malone tried to take over iHeart.
  • What speculators see in radio that shareholders do not.

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Click to read: The Audacy Reorganization Talks …. Shockers Ahead from iHeart, AudacyWhat’s for Sale at AudacyAudacy to Renege on Pension PlansAirplay and Attention SpanBankruptcy Talks Accelerate After Audacy 2Q Earnings DisasterWhat to Expect from 2nd Quarter RevenueRecord Labels Confirm the Decline of CHRThe Big Consolidators Plan for the FutureChaos at Cumulus

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