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Audacy, Inc. - $AUDA STOCK NEWS

Welcome to our dedicated page for Audacy news (Ticker: $AUDA), a resource for investors and traders seeking the latest updates and insights on Audacy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Audacy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Audacy's position in the market.

News
Audacy Receives Court Approval of Reorganization Plan
Rhea-AI Summary
Audacy, Inc. (AUDA) plans to equitize over 80% of its debt, setting up a strong capital structure for long-term growth. The company expects to emerge from Chapter 11 bankruptcy after regulatory approval. Audacy aims to leverage its position as a leading multi-platform audio content and entertainment company to capitalize on growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
346.3%
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none
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News
Audacy Receives Court Approval of “First Day” Motions
Rhea-AI Summary
Audacy, Inc. (AUDA) has received approval for first day motions related to its prepackaged Chapter 11 proceedings, granting access to $57 million in financing. The restructuring support agreement will equitize approximately $1.6 billion of funded debt, reducing it by 80% to approximately $350 million. The company expects no operational impact from the restructuring, and unsecured creditors will not be impaired.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
41.78%
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none
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News
Audacy Reaches Agreement with a Supermajority of its Debtholders on Balance Sheet Deleveraging Transaction that Will Equitize Over 80% of the Company’s Debt and Establish a Robust Capital Structure to Drive Long-Term Growth
Rhea-AI Summary
Audacy, Inc. (AUDA) has announced a restructuring support agreement with its debtholders to significantly deleverage its balance sheet, reducing total debt from $1.9 billion to $350 million. The company has commenced prepackaged Chapter 11 proceedings to implement this balance sheet restructuring without operational impact. Audacy is positioned for long-term growth with a focus on audio content and entertainment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Audacy Reports Third Quarter Results
Rhea-AI Summary
Audacy, Inc. (OTC: AUDA) reported Q3 net revenues of $299.2 million, down 5.6% YoY. Local spot revenues fell 3%, national spot revenues fell 15%, and network advertising revenues fell 5%. Digital revenues were up 3%. Operating expenses increased to $580.8 million, resulting in an operating loss of $281.7 million. Adjusted EBITDA was $23.0 million. The company is in constructive conversations with lenders to recapitalize its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.88%
Tags
earnings
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News
Audacy Provides NYSE Listing Update
Rhea-AI Summary
Audacy, Inc. (NYSE: AUD; OTC: AUDA) announced that its appeal to the New York Stock Exchange (NYSE) to delist its Class A Common Stock was unsuccessful. The NYSE has filed a Form 25 with the SEC for the delisting, which will become effective soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
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none
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News
Audacy Provides Capital Structure Update
Rhea-AI Summary
Audacy engages in discussions with lenders to refinance debt and improve capital structure for long-term growth. Utilizes grace period for $18 million interest payment on senior secured 2029 notes. Decision does not impact operations or obligations. Focuses on enhancing capabilities and entering new partnerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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none
News
Audacy Reports Second Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.8%
Tags
earnings
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News
Audacy, Inc. Announces 1-for-30 Reverse Stock Split
Rhea-AI Summary
Audacy, Inc. (NYSE: AUD; OTC: AUDA) has completed a 1-for-30 reverse stock split of its Class A and Class B common stock. The reverse stock split reduced the number of outstanding shares of the Company’s Class A common stock from approximately 137.5 million shares to approximately 4.6 million shares, and the number of outstanding shares of the Company’s Class B common stock from approximately 4.0 million shares to approximately 135 thousand shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2942.86%
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none
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News
Audacy Extends Reach of Its Streaming Content via Distribution and Monetization Agreement With TuneIn
Rhea-AI Summary
Audacy extends digital distribution of its radio stations and podcast library to TuneIn, reaching over 200 additional platforms and connected devices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Audacy, Inc.

OTC:AUDA

AUDA Rankings

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AUDA Stock Data

500.25k
3.77M
18.12%
0.66%
7.76%
Broadcasting
Communication Services
Link
United States
Philadelphia