Audacy cuts jobs across U.S. radio stations
The layoffs, including well-known radio personalities, began March 6
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The companies have signed a distribution agreement that puts “content from hundreds of Live365 stations spanning multiple genres will now be available on the Audacy platform,” release says
The company says the plan will enable it to pursue its strategic goals and opportunities
The company says it has reached agreement with a supermajority of its debt holders
The company says that it will appeal by filing a written request within 10 business days
Audacy claims the automated platform is significantly improving its performance
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