David Field Confirms Audacy’s Bankruptcy

  • Field on the danger of overleveraging
  • The startling amount of Audacy equity destroyed since the CBS merger
  • The missed opportunity of having the industry’s strongest balance sheet
  • A premonition of bad things to come in his own words using iHeart & Cumulus as negative examples.

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Previously: Why Millennials Reject RadioAudacy’s Lenders to Become the New OwnersUnexpected Drama at Saga Audacy’s Pre-Layoff Raises RevealedSaga After Ed Christian …  Audacy Rethinks its 5% Layoff PromiseiHeart’s Plan to Take 100% Local Buys …  Larkin’s Audacy CutsThe Cox Radio Sales Finalists …  The Big Revenue Source Cumulus is Hiding …  Audacy Faces Bankruptcy Next Year …   

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