Radio Daze: Will Audacy Bankruptcy Endanger Dana & Parks?!?

Probably not . . .

Nevertheless, terrestrial radio biz is getting tougher as streaming & satellite options proliferate and most of the dynamic shows are now podcasting.

Here's the corporate report that contradicts the fandom of Karens who enjoy listening to fast food reviews and skimming headlines in order to share the lowest common denominator point of view . . . 

"Audacy, formerly named Entercom, is saddled by $2 billion in debt acquired primarily from its 2017 merger with CBS Radio. That deal expanded Audacy’s revenue but also increased its debt nearly fourfold from $468 million at the end of 2016 to $1.86 billion at the end of 2017."

Read more via www.TonysKansasCity.com link . . .

Audacy Expected to File for Bankruptcy: Report

Facing a decline in revenue and owing $2 billion in debt, the radio company looks to restructure its balance sheet.