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 Radio… Audacy’s Lenders to Become the New Owners … Unexpected Drama at Saga … Audacy’s Pre-Layoff Raises Revealed … Saga After Ed Christian …  Audacy Rethinks its 5% Layoff Promise … iHeart’s Plan to Take 100% Local Buys …  Larkin’s Audacy Cuts … The Cox Radio Sales Finalists …  The Big Revenue Source Cumulus is Hiding …  Audacy Faces Bankruptcy Next Year …   

You may also like: Details of Apollo Cox Selloff Revealed … Apollo Explores Selling Cox Radio … How Employees Would Fix Audacy …  $5,000 Springsteen Tickets … Plunging Morale is Costing Audacy … What iHeart Will Do… Audacy & iHeart Undercutting Ad rates by 75%  … Audacy’s Big Reveal …Warshaw Walks Away from Cumulus … Audacy’s Long Goodbye

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell