Approximately seven years ago, few in the radio broadcasting industry outside of the office of the Chief Financial Officer may have been familiar with a New York-based advisory-focused investment bank founded by Chairman/CEO Paul J. Taubman in 2014.
Today, PJT Partners has gained attention for its key role in the Chapter 11 bankruptcies of iHeartMedia, Cumulus Media and, most recently, Audacy Inc. (formerly Entercom). Now, there are fresh rumblings that PJT, which tussled with iHeartMedia in early 2018 over the terms of that company’s debt-for-equity emergence from debtor-in-possession status, is engaging once again with the nation’s biggest audio content creation and distribution company.
