Audacy, Inc.

Audacy, Inc.
Formerly	Entercom Communications Corporation (1968–2021)
Company type	Public
Traded as	OTC Pink Current: AUDA (2023-present); NYSE: AUD (2021-2023); NYSE: ETM (1999-2021); Russell 2000 component
Industry	Broadcasting
Predecessors	Infinity Broadcasting Corporation; radio arm of Westinghouse Broadcasting; Jefferson-Pilot Communications; Lincoln Financial Media; CBS Radio;
Founded	October 21, 1968
Headquarters	Philadelphia, Pennsylvania, United States
Key people	David Field (CEO); Susan Larkin (COO); Richard Schmaeling (CFO); JD Crowley (CDO); Bob Philips (CRO); Mike Dee (president of Sports); Andrew Sutor (EVP, GC); Pat Paxton (CPO); Paul Suchman (CMO);
Services	Radio broadcasting; Podcasting;
Revenue	$1.463 billion (2018)
Operating income	$250 million (2018)
Net income	-$361 million (2018)
Subsidiaries	Cadence13; Eventful; Pineapple Street Media;
Website	audacyinc.com
	Footnotes / references;

Audacy, Inc. is an American broadcasting company based in Philadelphia, Pennsylvania. Founded in 1968 as Entercom Communications Corp., it is the third largest radio company in the United States, owning 235 radio stations across 48 media markets.

In November 2017, the company merged with CBS Radio. The transaction was structured as an exchange offer whereby owners of CBS Corporation common shares (i.e., not the multiple-voting shares held by CBS Corp parent company National Amusements) at the time of the merger could elect to exchange their shares for Entercom shares corresponding to a 72% stake in the combined company.

On January 7, 2024, Audacy announced that it had filed for Chapter 11 bankruptcy, citing approximately $1.9 billion in debt.

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