Audacy
News Audacy has significantly reduces its debt and is now focused on 'streamlining resources to stay competitive' News The second-largest radio broadcaster in the US is working to drastically reduce a $1.9 billion debt Analysis News A lawsuit against BMI by Audacy could have caused BMI and New Mountain "to abandon the merger altogether" News The company's debt-for-equity swap effectively wipes out current investors, and the company is delisting from the NYSE.