Breaking Down Audacy’s 1-for-30 Reverse Stock Split

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  • Reverse stock splits almost never work, so why did Audacy just do a 1-for-30 split?
  • Why would one of the cheapest radio CEOs spend $3.2 million on pay raises and bonuses at a time like this.
  • The coming potential screwing of Audacy shareholders.
  • The favorite for running Audacy post-bankruptcy.
  • Who is on the growing list of radio groups that are angling for a voluntary bankruptcy.

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