Audacy, Inc. - AUDA STOCK NEWS

Welcome to our dedicated page for Audacy news (Ticker: AUDA), a resource for investors and traders seeking the latest updates and insights on Audacy stock.

Audacy, Inc. (symbol: AUDA) is a leading multi-platform audio content and entertainment company that operates across a wide spectrum of media, including radio broadcasting, digital streaming, podcasts, and event production. Established as a premier player in the audio entertainment industry, Audacy reaches millions of listeners nationwide through its own network of radio stations and digital platforms.

Core Business: Audacy owns and operates a vast portfolio of radio stations, offering a diverse range of music, news, and talk radio formats. It provides engaging and targeted content to various demographics, making it an influential entity in the advertising market.

Recent Achievements: Recently, Audacy has expanded its digital footprint by acquiring several popular podcast networks and launching new digital streaming services. These initiatives have solidified its position in the rapidly growing digital audio space.

Current Projects: Audacy is focusing on enhancing user experience through technological innovations and partnerships. By integrating advanced data analytics and AI, the company aims to personalize content delivery and improve audience engagement.

Financial Condition: Audacy has demonstrated a robust financial performance with steady revenue growth. The company's diversified revenue streams from advertising, digital subscriptions, and live events contribute to its financial stability.

Partnerships and Products: Through strategic partnerships with major content providers and technology companies, Audacy continues to expand its content library and technological capabilities. Its product offerings include a wide range of podcasts, live radio broadcasts, and exclusive online content.

Audacy's unique blend of traditional and modern audio entertainment services makes it a significant player in the media industry, continually innovating to meet the evolving demands of listeners and advertisers alike.

02/20/2024 05:40 PM

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Audacy Receives Court Approval of Reorganization Plan

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Audacy, Inc. (AUDA) plans to equitize over 80% of its debt, setting up a strong capital structure for long-term growth. The company expects to emerge from Chapter 11 bankruptcy after regulatory approval. Audacy aims to leverage its position as a leading multi-platform audio content and entertainment company to capitalize on growth opportunities.

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01/09/2024 08:00 AM

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Audacy Receives Court Approval of “First Day” Motions

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Audacy, Inc. (AUDA) has received approval for first day motions related to its prepackaged Chapter 11 proceedings, granting access to $57 million in financing. The restructuring support agreement will equitize approximately $1.6 billion of funded debt, reducing it by 80% to approximately $350 million. The company expects no operational impact from the restructuring, and unsecured creditors will not be impaired.

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01/07/2024 08:24 AM

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Audacy Reaches Agreement with a Supermajority of its Debtholders on Balance Sheet Deleveraging Transaction that Will Equitize Over 80% of the Company’s Debt and Establish a Robust Capital Structure to Drive Long-Term Growth

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Audacy, Inc. (AUDA) has announced a restructuring support agreement with its debtholders to significantly deleverage its balance sheet, reducing total debt from $1.9 billion to $350 million. The company has commenced prepackaged Chapter 11 proceedings to implement this balance sheet restructuring without operational impact. Audacy is positioned for long-term growth with a focus on audio content and entertainment.

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11/09/2023 08:00 AM

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Audacy Reports Third Quarter Results

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Audacy, Inc. (OTC: AUDA) reported Q3 net revenues of $299.2 million, down 5.6% YoY. Local spot revenues fell 3%, national spot revenues fell 15%, and network advertising revenues fell 5%. Digital revenues were up 3%. Operating expenses increased to $580.8 million, resulting in an operating loss of $281.7 million. Adjusted EBITDA was $23.0 million. The company is in constructive conversations with lenders to recapitalize its balance sheet.

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10/30/2023 12:57 PM

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Audacy Provides NYSE Listing Update

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Audacy, Inc. (NYSE: AUD; OTC: AUDA) announced that its appeal to the New York Stock Exchange (NYSE) to delist its Class A Common Stock was unsuccessful. The NYSE has filed a Form 25 with the SEC for the delisting, which will become effective soon.

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10/02/2023 06:30 AM

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Audacy Provides Capital Structure Update

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Audacy engages in discussions with lenders to refinance debt and improve capital structure for long-term growth. Utilizes grace period for $18 million interest payment on senior secured 2029 notes. Decision does not impact operations or obligations. Focuses on enhancing capabilities and entering new partnerships.

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08/04/2023 08:00 AM

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Audacy Reports Second Quarter Results

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06/30/2023 08:00 AM

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Audacy, Inc. Announces 1-for-30 Reverse Stock Split

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Audacy, Inc. (NYSE: AUD; OTC: AUDA) has completed a 1-for-30 reverse stock split of its Class A and Class B common stock. The reverse stock split reduced the number of outstanding shares of the Company’s Class A common stock from approximately 137.5 million shares to approximately 4.6 million shares, and the number of outstanding shares of the Company’s Class B common stock from approximately 4.0 million shares to approximately 135 thousand shares.

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06/21/2023 10:00 AM

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Audacy Extends Reach of Its Streaming Content via Distribution and Monetization Agreement With TuneIn

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Audacy extends digital distribution of its radio stations and podcast library to TuneIn, reaching over 200 additional platforms and connected devices.

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FAQ

What is the market cap of Audacy (AUDA)?

The market cap of Audacy (AUDA) is approximately 500.2K.

What does Audacy, Inc. do?

Audacy, Inc. is a multi-platform audio content and entertainment company that operates radio stations, digital streaming services, and podcasts.

What are some recent achievements of Audacy, Inc.?

Audacy has recently expanded its digital footprint by acquiring popular podcast networks and launching new streaming services.

What is the financial condition of Audacy, Inc.?

Audacy demonstrates robust financial performance with steady revenue growth from diversified revenue streams such as advertising, digital subscriptions, and live events.

What kind of content does Audacy, Inc. provide?

Audacy provides a range of content including music, news, talk radio formats, podcasts, and exclusive online content.

Who are some of Audacy, Inc.'s partners?

Audacy has strategic partnerships with major content providers and technology companies to expand its content library and technological capabilities.

What are Audacy, Inc.'s current projects?

Current projects include enhancing user experience through technological innovations and partnerships, integrating advanced data analytics and AI.

What are the core business areas of Audacy, Inc.?

The core business areas include operating a vast portfolio of radio stations and providing diverse audio content through digital platforms.

How does Audacy, Inc. engage with its audience?

Audacy engages its audience through personalized content delivery, leveraging advanced data analytics, and providing a wide range of engaging audio formats.