Audacy Shares 2021 Social Impact Report, Highlighting Metrics From Company’s Social Impact Platform

Rhea-AI Summary

Audacy has published its 2021 Social Impact Report, showcasing achievements from its Audacy Serves initiative. The report emphasizes commitment to diversity, equity, inclusion, mental health, civic education, the environment, children's health, and support for veterans. Key highlights include eight new fellows from underrepresented communities, over $800,000 raised for mental health initiatives, and $14.2 million

Positive

• Raised over $800,000 for mental health initiatives through the 'I’m Listening' broadcast.
• Collected over $14.2 million for children's health support via community events.
• Added eight new fellows from historically underrepresented communities to foster diversity.
• Increased staffing by over 50 journalists to bolster news coverage across eight newsrooms.

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Audacy has released its 2021 Social Impact Report to spotlight key achievements from its ongoing company-wide Audacy Serves initiative. The report encompasses the company’s commitment to several pillars of impact: diversity, equity and inclusion, mental health, civic education, the environment, children’s health, and veterans and service members.

Key highlights include:

Diversity, Equity & Inclusion

• Eight new fellows – recent graduates from historically underrepresented communities within the industry have joined the team in a variety of sales, marketing and content roles. Yearlong fellowship experiences include curated on-the-job learning and growth opportunities.

Mental Health

• Continuing its powerful 5^th annual “I’m Listening” broadcast with influential names like Doja Cat, Luke Combs and Demi Lovato, who shared their personal struggles with mental health. The event helped Audacy connect with more than 200 million people and raise more than $800,000 for the American Foundation for Suicide Prevention.

Civic Education

• Audacy’s “Engaged Impressions” study found that 71% of weekly radio listeners tune in because they feel the content is relevant to their community. Research like this indicates that listeners continue to trust local media.
• Audacy further invested in its news business, adding over 50 journalists in eight of its newsrooms across the country in an effort to meet that demand for trusted quality content.

Environment

• Bringing together team members across its 47 local markets for the annual 1Day/1Thing volunteer event and partnering with local organizations for one day of massive impact with nearly 3,000 cumulative hours served.

Children’s Health

• Raising over $14.2 million to support life-saving care for families in local communities via over 30 children’s health events supporting local hospitals, children’s health organizations and national children’s health cancer research.

Veterans and Service Members

• Audacy Seattle raised more than $1 million to date benefitting Friends of Fisher House Puget Sound, a nonprofit organization that raises funds and awareness to provide operational support to the programs of four existing Fisher Houses in Washington state.

“This report reflects our unwavering commitment to putting our values in action and our passion to use our collective voice for good within each of our pillars of impact,” said Sarah Harris, Vice President of Social Impact, Audacy. “We are thrilled to share these significant results and moving stories of real human connection unfolding in our communities across the country.”

For a full copy of the report, please click here.

Audacy is committed to supporting the health and success of the communities that are the heart of its business. Audacy Serves is the Company’s social impact platform that raises awareness of social issues and brings communities together for good. Audacy unites with its listeners and brands to support sound communities through several pillars of impact: mental health, veterans and service members, children’s health, the environment, civic education, and diversity, equity and inclusion.

About Audacy

Audacy, Inc. (NYSE: AUD) is a leading multi-platform audio content and entertainment company with the country’s best collection of local music, news and sports brands, a premium podcast creator, major event producer, and digital innovator. Audacy engages 200 million consumers each month, bringing people together around content that matters to them. Learn more at www.audacyinc.com, Facebook (Audacy Corp) and Twitter (@AudacyCorp).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005812/en/

Ashok Sinha

Audacy

917-656-5800

Ashok.Sinha@Audacy.com



Meredith Tiger

Audacy

516-551-8511

Meredith.Tiger@Audacy.com



David Heim

Audacy

908-472-3927

David.Heim@Audacy.com

Source: Audacy

FAQ

What are the key highlights from Audacy's 2021 Social Impact Report?

Audacy's 2021 Social Impact Report highlights include over $800,000 raised for mental health initiatives, $14.2 million for children's health, new fellows focused on diversity, and increased investments in journalism.

How much has Audacy raised for children’s health initiatives?

Audacy has raised over $14.2 million to support children's health through various community events.

What initiatives does Audacy focus on in its Social Impact Report?

Audacy's Social Impact Report focuses on diversity, equity, inclusion, mental health, civic education, environmental concerns, children's health, and support for veterans.

When was Audacy's 2021 Social Impact Report released?

Audacy released its 2021 Social Impact Report on January 13, 2022.

What company is behind the stock symbol AUD?

Audacy is the company associated with the stock symbol AUD, a leading multi-platform audio content and entertainment provider.