bankruptcy
News The bankruptcy filing marks Cumulus’ second after previously filing for Chapter 11 in November 2017. It emerged from bankruptcy in June 2018. News Audacy has significantly reduces its debt and is now focused on 'streamlining resources to stay competitive' News The embattled company says it was unaware of legal proceedings brought against it, and missed a court hearing News The second-largest radio broadcaster in the US is working to drastically reduce a $1.9 billion debt News The company's debt-for-equity swap effectively wipes out current investors, and the company is delisting from the NYSE.