Audacy has lost 99% of its value since the CBS merger in 2017 – CEO David Field publicly criticized CBS at the time for inept management and said he was the only one who could fix it.
So how did he wipe out all the equity of a company that it turns out was never broken?
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Click to read more stories: iHeart’s Future in Artificial Intelligence … Lenders Pressure Audacy for Deeper Cuts …How the Fields’ Intend to Keep Audacy … Audacy on the Brink … Radio is Changing Layoff Rules … Bankruptcy Update on Audacy, Cumulus, iHeart & Beasley … The “Bowtie” That is Choking Radio … iHeart’s True Financials…Investors Rejecting Cumulus Earnings Charade … Voice Cloning Is Starting in Radio …
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