FCC Approves License Transfers on Monday to Help Audacy Exit Bankruptcy

Sep 30, 2024, 02:54 PM

The Federal Communications Commission (FCC) announced on Monday that it has approved the transfer of radio station licenses to facilitate Audacy's emergence from bankruptcy. Audacy, one of the largest radio and podcast companies in the United States, will be able to restructure and continue its operations following this decision. This move is seen as a significant step for the company, which has been struggling financially, according to Reuters.