From air talent consolidation across its Country and Top 40 stations to high-profile departures at its KROQ in Los Angeles, Audacy management has had its share of PR challenges in the last several months.
Now, the C-Suite has a potentially greater challenge on its hands. As its peers have reported highly positive Q2 results, the company formerly known as Entercom has released a second quarter fiscal health report reflecting a significant Earnings Per Share miss.
Investors immediately reacted in early trading on Friday, with the losses continuing after hours