Radio Giant Audacy Files Chapter 11 Bankruptcy, Owner Of Stations KROQ, WFAN, And KCBS

Broadcaster Audacy filed for bankruptcy today, a move blamed on plummeting advertising for radio. The firm owns KROQ and KCBS in Los Angeles and WFAN and WINS in New York, but the move is not expected to have any immediate impact on day-to-day operations. Audacy has already negotiated a bankruptcy plan with its lenders, according […]