US

Audacy Offers Shareholders Right To Purchase Up To Five Million Additional Shares For Debt Payments

In order to raise capital to further pay down its debt, Audacy is offering its qualifying stockholders the ability to purchase to 5,000,000 additional shares, in the aggregate, of the Company’s Class A Common Stock and Class B Common Stock at a purchase price of $20.00 per share. All equity capital raised by the purchases will be used to repay existing debt. […]

US

Brian Burns’ Final Radio Format

Brian Burns’ thirty years in radio programming (and a subsequent 20 years as a consultant) included two well-known rock leaning CHRs: KXXR Kansas City, one of the first successful examples of “Rock 40” during its late ’80s boom, and WDCG (G105) Raleigh, N.C., which anticipated the Modern AC format in the mid-’90s. At G105, in particular, Burns championed records in a way unimaginable now. A power on G105 might go on to be “Barely Breathing” by Duncan Sheik or it might be the equally worthy “Our Love Would Be Much Better” by Dag, a hit only on that station. […]