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Podcasting is in its YouTube era:
YouTube is making good on its promise to support RSS feeds. In a blog post and video published today ...
theverge.com/2024/1/9/24032155/youtube-podcast-rss-spotify-apple-audacy-bankruptcy
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Key FactsAudacy Files for Chapter 11 Bankruptcy
Jan 8, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- Struggling multi-platform audio content company, Audacy, files for Chapter 11 bankruptcy, the company announced on Sunday.
- Audacy is entering into a restructuring agreement to reduce its debt from about $1.9 billion to $350 million.
- Delisted from the New York Stock Exchange in November 2023, Audacy does not expect the restructuring to impact advertisers, partners, and employees.
- In a May SEC filing, Audacy also pointed to 'current macroeconomic conditions' hurting their forecasted revenue, such as high inflation and increased competition for advertisers.
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