Audacy Stock In a Funk As CHR Stations Cut Staff

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On March 6, Audacy stock topped the $6 mark, repeating a feat achieved in early February. All seemed bright for the company formerly known as Entercom, as its stock price had been stuck in the $1.50 range until the 2020 U.S. Presidential Election for months.


Since that early March finish, Audacy shares are down 41% in value. The latest dip comes on reports that its Top 40, or Contemporary Hit Radio (CHR), stations, on Thursday saw a culling of its air personality roster.

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