The FCC has approved the restructuring of Audacy, allowing the company to exit Chapter 11 bankruptcy. This decision enables Audacy to reorganize approximately $1.6 billion of existing debt.

The approval was granted with a 3-2 vote, with support falling along party lines.The restructuring plan involves former debt holders receiving new common stock in the reorganized company. It also includes a temporary waiver permitting Audacy to operate before fully addressing potential foreign ownership concerns.
Some controversy surrounded the approval due to a stake in the broadcaster linked to George Soros.

Despite this, the FCC concluded that the restructuring serves the public interest by ensuring the continued operation of Audacy's vital local broadcasting services.

I also play back my recent Podcasters Row interview with journalist T.J. Raphael to discuss the current state of journalism, the evolution of podcasting, and the impact of AI on the industry.

T. J. Raphael is a seasoned enterprise reporter, investigative journalist, editor, producer, and on-air host with 15 years of experience at national media outlets. She’s created multiple chart-topping podcasts, and has worn every hat possible in the pursuit of high-quality, impactful journalism.

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