From Salon.com: (As Beyonce) embarks on releasing her eighth album on March 29, the powerhouse only reinforces that she will always be a million steps ahead of her musical peers and fans who theorize about her next strategic move. During the Super Bowl, the artist dropped a costly, self-referencing Verizon commercial, in which she announced, "OK, they ready — drop the new music. I told y’all the ‘Renaissance’ is not over."
The Hill mentioned: Beyoncé announced two new songs — “Texas Hold ‘Em” and “16 Carriages” — in an ad during Sunday’s Super Bowl. The songs have a significant country influence, marking a departure from her typical musical style.
From Deadline: Soros Fund Management is set to become the biggest shareholder of Audacy (formerly Entercom), the radio station owner and podcast company that filed for bankruptcy in January.
Audacy was pushed into Chapter 11 by the cost of financing its hefty $1.9 billion in debt. The bankruptcy was prepackaged, meaning it had already lined up support from lenders. A court hearing is scheduled for Feb. 20.
Documents filed in bankruptcy court in the Southern District of Texas show that billionaire investor George Sorors’ Soros Fund Management had acquired about $415 million of Audacy’s first-lien debt, which would make SFM the broadcaster’s biggest shareholder when it emerges from bankruptcy. The filing put Soros’ holding at close to $280 million in term loans and a $135 million revolving credit facility.
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