Skip to main content

Money Update on Audacy, Seattle Radio Owner



Audacy, which owns KISW-FM, KSWD-FM, KKWF-FM, KNDD-FM and KHTP-FM in Seattle, is coming out of bankruptcy and looks to go private.  Here's some info from RadioOnline.com.

Audacy Inc. announced Monday the successful completion of its financial restructuring, reducing its funded debt by approximately $1.6 billion. The restructuring has lowered the company's debt from around $1.9 billion to $350 million, an 80% reduction, leaving Audacy with total net leverage of about 2.7 times. The company highlighted its strong position in delivering premium content as it moves forward.

https://news.radio-online.com/articles/b17950/Audacy-Completes-Financial-Restructuring-Reduces-Debt

Comments

  1. Mike BarerOctober 1, 2024 at 8:40 PM

    Good for the company, but I'm sure there were many casualties involved. People with families and dreams probably walked the plank.

    ReplyDelete

Post a Comment

Popular posts from this blog

Rebecca Stevenson has left KOMO

 "I am no longer at Komo 4." Thanks.  Longtime Weather Anchor Rebecca Stevenson confirms that she left the station just before Christmas.  Her last Facebook posts are 12/17.  She has the Seattle station Quintafecta, having worked at the old NWCN, KING, KIRO, KCPQ and KOMO.  Looks like her decision.  Wants a new chapter.   She was doing mainly weekend evenings for KOMO.  Perhaps Stella Sun will move there.   She has been sharing weekend mornings with Theron Zahn.    
19 comments
Read more

Where is Frankie?

Many have missed KIRO 7's weekend PM weather anchor, Frankie Katafias, so I reached out to some of my sources to find an answer.    She is apparently taking a few months of leave, but not known specifically what the reason may be.  Although there is uncertainty, it could be a personal or family matter.   I am told she is expected back at some point in the new year.  She is a great asset to what has become a troubled station.  Meanwhile former KOIN Portland chief met holds down the fort.
9 comments
Read more

Seattle TV Weekender Ends Her Run

  So long to KOMO's longtime weekend morning anchor Lee Stoll who did her final show Saturday.  She previously worked at KIRO7 and KREM2 in Spokane and did a little fill-in for me at the old NWCN.  She's a Northwestern U grad.   Weekend weather sidekick Theron Zahn will likely step right into anchor slot.  Newcomer Stella Sun may also be in the mix.  Zahn bid Lee a final goodbye this morning.  She is not revealing what is next, saying "That's for later." Also, next month Komo News Operations boss Dennis Hanson and longtime Production Tech Rena Mullen are retiring. There's a big Studio C station bash for them and retiring ND Phil Bruce on December 5th.
1 comment
Read more