With Chapter 11 In the Past, Audacy Ready For ‘Magic’ Move

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With George Soros a key investor and a voluntary bankruptcy restructuring plan now firmly in place, Audacy has filed paperwork with the FCC signaling its need to gain Commission approval of its emergence from debtor-in-possession status.


Along with that filing came a second one — and it signals Audacy’s desire to sell a Class A “Magic”-filled FM serving Upstate South Carolina.

 

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