Audacy to complete court approval by late February Restructuring would cut debt from $1.9 billion to $350 million Company's lenders will take all Audacy equity in the deal Jan 8 (Reuters) - Lawyers ...

Radio giant Audacy, which owns several popular stations in Boston, has filed for bankruptcy and is entering a restructuring agreement to reduce its $1.9 billion in debt, the company announced Sunday.

Broadcasters keep popping up in the news. Broadcasting — distributing radio and television content for public audiences — has been around for a century, but is facing a uniquely challenging landscape ...